Clifford Chance has advised OCP Asia on the deal.
The transaction concerned a syndicated A$190 million senior asset-based loan facility and a syndicated A$156.5 million subordinated term loan facility for National Group. OCP Asia has a proven track record of providing customised secured lending solutions for businesses across Australia and the Asia Pacific region.
The refinancing came amidst an increase in activities at National Group, an Australian group of companies from the mining, resource, transport and logistics industries with a focus on heavy earthmoving equipment and end-to-end production mining services.
The Clifford Chance team comprised lawyers in Sydney, Perth, and Hong Kong, specialising in financial markets, restructuring and corporate matters. The team was led by partners Mark Gillgren (Picture), Mark Currell and Scott Bache, senior associates Nicholas Henneberry, Joe Osgerby-Lacey, Marcus Berghouse and Aditya Ralhan, associates Samantha Wong and Melanie Ray and graduates Max Beavis, Amelia Hirst Christine Wang and Molly Tredennick.
Involved fees earner: Scott Bache – Clifford Chance; Marcus Berghouse – Clifford Chance; Mark Currell – Clifford Chance; Mark Gillgren – Clifford Chance; Nicholas Henneberry – Clifford Chance; Joe Osgerby-Lacey – Clifford Chance; Aditya Ralhan – Clifford Chance;
Law Firms: Clifford Chance;
Clients: OCP Asia;