DibbsBarker advises on $2.6 billion refinance for CIMIC Group

Services: Banking & Finance
Industry Focus: Financial Services
Date: 10 October 2017

DibbsBarker has advised CIMIC Group (ASX: CIM) in upsizing its core working capital cash facility. The refinance was heavily over-subscribed with a strong response from lenders in Australia and Asia.

DibbsBarker prepared the facility documents and played a central role in working through and settling the significant transaction and payment mechanics necessary to complete a transaction funded by a widely diverse syndicate.

The DibbsBarker team was led by banking & finance partner Brad Allen with assistance from senior associate Joshua Khoo.

Lead partner Brad Allen said: “This transaction is all about flexibility and liquidity – it reinforces the notion that providing debt to quality Australian borrowers continues to be an attractive choice for offshore financial institutions. We very much enjoyed working with all parties involved to bring the deal to a close”.

CIMIC Group is one of the world’s leading international contractors and the world’s largest contract miner. It operates in more than 20 countries throughout the Asia Pacific, the Middle East, North and South America and Sub-Saharan Africa.

For more information, please contact:

Amanda Parks | Communications Manager
+61 2 8233 9704

E amanda.parks@dibbsbarker.com

 
Recent News
15 Dec 2017
DibbsBarker has advised Tabcorp Holdings Limited (ASX: TAH) on a A$4.35 billion syndicated loan to assist Tabcorp to acquire Tatts Group Limited.
14 Dec 2017
Chambers & Partners has published the Chambers Asia-Pacific 2018 guide, with DibbsBarker achieving recognition across several areas.
04 Dec 2017
The Legal 500 Asia Pacific 2018 directory has been released and several teams at DibbsBarker have been recognised with rankings.