Firm acts on $300m cross-currency deal

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Allens has acted for a syndicate of banks on the $300m banking facility for a business equipment financer. 

The syndicate, which included ANZ, Bank of Queensland, CBA, HSBC and Westpac, will allow the financer to borrow funds in multiple currencies.

Silver Chef, a hospitality industry equipment funding service is currently looking to expand into overseas markets.  The financer will now be able to borrow funds in New Zealand, Canadian and Australian dollars.
The transaction was led by partner Karla Fraser.

“We were very pleased to be able to assist our banking clients on this strategic cross-border financing for Silver Chef,” she said.