WestSide Corporation Pty Limited’s A$100 million reserve-based lending facility

Ashurst advised Commonwealth Bank of Australia, as lender and mandated lead arranger, on a A$100 million reserve-based lending facility in favour of WestSide Corporation Pty Limited (and certain subsidiaries) in connection with WestSide’s interest in the Greater Meridian Gas Fields west of Gladstone in Queensland’s Bowen Basin.

WestSide is part of the Landbridge Group, a diversified private multinational company based in Shandong province and Shanghai, China with business interests in port & logistics, oil & gas, real estate & tourism and manufacturing.

WestSide is an Australian-based oil and gas producer operating in Australia and New Zealand with plans to grow its operations and become an increasingly valuable part of the Landbridge group.

The Ashurst team was led by project finance partner Chris Redden (picture), supported by senior associates Elouise Dellit and Alison Sawers, and associates Wilson Lu and Jason Wong.

Involved fees earner: Chris Redden – Ashurst; Elouise Dellit – Ashurst; Alison Sawers – Ashurst; Wilson Lu – Ashurst; Jason Wong – Ashurst;

Law Firms: Ashurst;

Clients: Commonwealth Bank of Australia;

Author: Michael Patrini