White & Case Advises on AUD$450 Million Commercial Debt Refinancing for NSW Ports
Global law firm White & Case LLP has advised NSW Ports on its refinancing of AUD$450 million of commercial debt.
"The successful commercial bank debt refinancing was achieved in combination with further US Private Placements issuance by NSW Ports" said White & Case partner Cameron Watson, who led the Firm's deal team. "NSW Ports attracted strong interest for the refinancing which reflects the confidence of domestic and international banks and investors in Australian infrastructure assets."
NSW Ports is owned by a consortium of infrastructure investors including IFM Investors, AustralianSuper, Abu Dhabi Investment Authority and QSuper. NSW Ports acquired a 99-year lease over Port Botany and Port Kembla in 2013 during the privatisation of the Ports by the New South Wales government.
The White & Case team in Australia which advised on the transaction was led by partners Cameron Watson and Joel Rennie, with support from associate Mikio Kobayashi.
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