Carbon Revolution’s Convertible Notes Offering

Ashurst advised Victorian manufacturer Carbon Revolution in the issue of A$73.4 million of convertible notes as part of a pre-initial public offering raising.

The company, which has supply contracts from Ford, Ferrari and other global car makers, will use the funds for research and development, automation and working capital.

Carbon Revolution Limited is the global pioneer of the manufacture of automotive single piece carbon fibre wheels which are 40%-50% lighter than aluminium wheels at equivalent levels of strength and durability.

The Ashurst team was composed by Partner Gaelan Cooney (Picture) and counsel Marina Tinning.

Involved fees earner: Gaelan Cooney – Ashurst; Marina Tinning – Ashurst;

Law Firms: Ashurst;

Clients: Carbon Revolution;

Author: Michael Patrini