King & Wood Mallesons has helped Transurban Queensland (TQ) raise $500m.
The new syndicated bank facility will be used to fund TQ’s future capital expenditure requirements, the firm said. The raising comes before TQ’s existing bank debt matures in December 2019. The refinancing gave TQ nearly three more years of tenor, the firm said.
Claire Rogers was the firm’s lead partner on the deal. She was supported by senior associate Amy Maguire and solicitor Shareen Dhillon.
“We are pleased to have continued our longstanding relationship with Transurban Queensland to facilitate this financing, which will allow them to invest in strategic growth over the next few years,” Rogers said.
KWM has been advising on TQ’s financing since it was acquired in 2014 by a Transurban-led consortium, which KWM advised. KWM has advised on TQ’s acquisition of Airportlink, the Logan Enhancement Prokect, and several note issuances.
KWM has also advised on massive deals involving Transurban. It advised the Sydney Transport Partners consortium led by Transurban on the winning $9.3bn bid for a majority of the WestConnex project. It also advised Transurban on the subsequent $4.2bn entitlement offer and the $600m private placement to fund the purchase.