King & Wood Mallesons acts on renewal of financing facility
King & Wood Mallesons has advised Commonwealth Bank of Australia (CBA) as arranger on the renewal of a $200m, three-year financing facility for engineering and project services company Clough Limited.
CBA was a member of a syndicate of banks providing funding for the new facility, which also included HSBC Bank Australia, National Australia Bank and Export Finance and Insurance Corporation.
The facility includes an innovative structure for a syndicated letter of credit facility and the KWM role included coordinating with foreign counsel to achieve a cross-border closing.
The King & Wood Mallesons team was led by Partner Nicholas Creed who was supported by senior associate Edmund Chan and solicitor Matthew Cowcher.
News from King & Wood Mallesons
News from The Lawyer
Briefings from King & Wood Mallesons
High Court decides: liquidators of insolvent landlords can disclaim leases with the effect of extinguishing the tenant’s leasehold interest
In Willmott Growers Group Inc v Willmott Forests Limited, the majority of the High Court upheld the Victorian Court of Appeal’s conclusion that the liquidators of an insolvent landlord can disclaim a lease.
Queensland recently brought an interlocutory application seeking a declaration that its laws were valid until a court finally determined otherwise.
Analysis from The Lawyer
All-encompassing change is now a reality for the UK’s top 200 firms. How are they coping with the unprecedented upheaval? The Lawyer finds out