White & Case LLP has advised NSW Ports on its refinancing of AUD$450 million of commercial debt
NSW Ports – led by Stephen Cleary, Andrew Lincoln and Shane Hobday,is owned by a consortium of infrastructure investors including IFM Investors, AustralianSuper, Abu Dhabi Investment Authority and QSuper. NSW Ports acquired a 99-year lease over Port Botany and Port Kembla in 2013 during the privatisation of the Ports by the New South Wales government. The facilities at Port Botany consist of container terminals with container vessel berths and bulk liquids berths.
The successful commercial bank debt refinancing was achieved in combination with further US Private Placements issuance by NSW Ports.
The White & Case team in Australia which advised on the transaction was led by partners Cameron Watson (Picture) and Joel Rennie, with support from associate Mikio Kobayashi.
Law Firms: White & Case;
Clients: NSW Ports Pty Limited;