KWM works on oversubscribed $75m offering

King & Wood Mallesons (KWM) has continued its work for Peet Ltd, which recently announced the close of its latest notes offering.

Peet said that its $75m offer of senior unsecured notes, opened only to professional and sophisticated investors, closed well oversubscribed.

Partner Jo Dodd headed the KWM team on the offering. She was supported by solicitor Ricky Melamdowitz.

Dodd said that KWM was very pleased to aid Peet on its latest offering, especially as the firm had advised the company on all of its simple corporate bond offerings to retail investors. She said that proceeds of the bonds will provide the group with increased investment flexibility.

Brendan Gore, Peet managing director and chief executive, said that the company received strong investor demand for the notes, which demonstrated confidence in the company’s performance and strategy.

National Australia Bank was the sole lead manager of the deal.