White & Case advises PEP Credit on A$175 million debt facilities for Corporate Travel Management

Global law firm White & Case LLP has advised the credit division of Pacific Equity Partners (PEP Credit) on the provision of A$175 million of debt facilities to Corporate Travel Management Limited (CTM).

White & Case partner, Will Stawell, who led the Firm's deal team, said: "This was a bespoke financing transaction, which involved negotiations with a number of CTM's critical stakeholders and drew on the expertise of a number of our local and global teams, demonstrating White & Case's strength as a trusted adviser to lenders on complex financings."

The new facilities replaced part of CTM's existing corporate facilities and provided funding for CTM's remediation obligations and the company's ongoing business requirements.

With funding secured, CTM was able to finalise their financial statements and resumed trading on the ASX on September 3, 2026.

The White & Case team which advised on the transaction was led by partner Will Stawell (Sydney) and included partners Jillian McAleese and Brad Strahorn (both Sydney), Girish Rao (Melbourne) and associates Liam Beashel, Ahmed Gamar, Greig Lamont, Lara Li, Olivia Tomiyama and Annie Wang (all Sydney) and Stephannie Yi (Melbourne).

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