Allens Act on $7.4 Billion Corporate Financing

allens-linklaters-lawfuelAllens advised Origin Energy on one of Australia’s largest ever corporate refinancings.
Origin, which is Australia’s leading integrated energy company, raised more than $7 billion in funds to refinance its existing loan facilities and for general corporate purposes of the Origin Group.

The deal, which took less than three weeks to complete, is one of the largest individual corporate refinancings – if not the largest – to have occurred in the Australian market.

Partner Alan Maxton, who led the Allens team on the transaction, said that the transaction was very significant for Origin, not only in terms of its size, but because it involved updating Origin’s standard banking terms to reflect the current scope and size of its business.

‘The refinancing and revised terms provide the company with financing flexibility for the future,’ Mr Maxton said.

‘It is a good time for corporate borrowers, such as Origin, to take advantage of favourable market conditions and strong support from domestic and international financial institutions,’ he said.

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