HWL Ebsworth assists OZ Minerals with syndicated facility
HWL Ebsworth has assisted ASX listed mining company OZ Minerals Ltd in securing a $300 million revolving cash advance syndicated facility. The transaction was led out of the firm’s Adelaide office by Banking and Finance Partner Peter Staniszewski with the assistance of Nima Sedaghat and Dhanushka Jayawardena on tax matters.
Six major lenders came together in order to provide the syndicated facility. The multi-faceted deal also saw HWLE involved in developing a common terms deed to which the syndicated facility and several bilateral facilities will be linked.
As commented on by OZ Minerals CEO Andrew Cole, the new source of funding will be used for general corporate purposes, including capital expenditure and future core business activities.
‘It’s always a thrill to work on transactions which enable our clients to take their operations to the next level‘ said Peter Staniszewski. ‘We’re very excited to see how OZ’s projects unfold, and are proud to be able to assist a South Australian headquartered company who are operating on an international scale.‘
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