Global law firm White & Case LLP has advised a syndicate of 13 international financiers on the refinancing of the 850MW Millmerran Power Station in Queensland, owned by InterGen and China Huenang Group, following the recent financing of InterGen and China Huenang Group's 50 percent interest in the 810MW Callide C Power Station.
"The successful re-financing of Millmerran Power Station follows the successful financing of Callide C Power Station refinancing," said White & Case partner Brendan Quinn, Head of Project Finance Asia-Pacific, who led the Firm's deal team. "The financing of both these assets – together with the recent financing of Alinta's acquisition of Loy Yang B Power Station on which White & Case acted for the financiers – demonstrates that there remains good liquidity in the bank debt market for the right thermal power assets in Australia."
The White & Case team in Australia which advised on the transaction was led by partner Brendan Quinn with support from associate Alexis Fong. A separate White & Case team in Australia consisting of partner Cameron Watson, with support from associate Alicia Jennison, advised the exiting financiers. The borrower's financial adviser was Macquarie Capital Advisers and its legal counsel was King & Wood Mallesons.
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