Freehills has advised Bandanna Energy Ltd on its $133 million 5 for 16 capital raising, the institutional part of which was completed last night.
The institutional component of the offer was fully underwritten by UBS.
Funds raised will be used to assist with developing key projects including securing Stage 1 capacity at Wiggins Island Coal Export Terminal and associated rail allocation.
Freehills Partner Philippa Stone led the transaction and was supported by lawyers Amy Goble, Lynda Tully, Ivan Yu, Carl Hornigold and Kirsten Shaw.
Philippa Stone acknowledged the achievements of all involved – “The teams across Bandanna, UBS and Freehills have worked hard to complete this transaction in difficult market conditions”.
Freehills’ award winning equity capital markets team has acted on many of Australia’s largest recent capital raisings, including acting for the issuers in the recent IPOs of Royal Wolf, Miclyn Express Offshore and Aston Resources, and in numerous secondary equity and bond raisings including recent issues by Paladin Energy, FKP Group and Santos.
The team has also advised the underwriters and lead managers on numerous raisings, including the recent Collins Food IPO, Leighton and Nexus entitlements offers, Westfield Retail Trust’s entitlement and public offer, CBA’s landmark retail bond offer and many others (including Rio’s US$15.2 billion rights offer).
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