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.‘
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 and is the only commercial law firm with an office in every Australian State and Territory.
The firm comprises 1,357 staff including: 265 Partners, 725 other legal staff and 367 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.
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