HWL Ebsworth advised Centuria Industrial REIT (ASX:CIP) in relation to its placement to raise $130 million and unit purchase plan to raise approximately $10 million, as announced to ASX on 9 April 2020.
Centuria raised $130 million at $2.62 per security under the placement, which was fully underwritten by Moelis Australia Advisory and J.P. Morgan Securities Australia. The unit purchase plan seeks to raise approximately $10 million. The proceeds from the placement and the UPP will be used to strengthen CIP’s balance sheet and provide funding flexibility to execute CIP’s strategy of owning quality industrial assets located within infill markets close to major infrastructure.
HWL Ebsworth also advised CIP on its $154.4 million placement in December 2019 and its $70 million placement and $5 million unit purchase plan in June/July 2019.
The HWL Ebsworth team was led by James Lonie, Partner and Hanna Posa, Senior Associate, advising on all aspects of the transaction.
Note to Editors:
HWL Ebsworth is the largest legal partnership in Australia according to the most recent partnership surveys published by The Australian and the Australian Financial Review.
The firm comprises 1,481 staff including: 269 Partners, 843 other legal staff and 369 support staff across offices in nine locations – Adelaide, Brisbane, Canberra, Darwin, Melbourne, Hobart, Norwest (North West Sydney), Perth and Sydney.
HWL Ebsworth is an independent, nationally integrated, full service commercial law firm, providing tailored and commercially oriented legal services.
HWL Ebsworth operates a different business model to the other leading national law practices, and this allows us to offer unrivalled value for money without compromising quality and service. Our low ratio of solicitors to partners ensures that our clients receive optimal access to partner resources for all matters.
For further information, please contact:
Russell Mailler, National Marketing Manager (03) 8644 3569 or rmailler@hwle.com.au