King & Wood Mallesons (KWM) has advised Sydney Airport on its landmark A$1.4bn bank debt refinancing, one of the largest syndicated club financings closed so far this year.
The new facilities comprise secured syndicated bank debt facilities ranging from a three to five year maturity.
The KWM team was led by Partner Yuen-Yee Cho, with support from Senior Associate Will Stawell, Solicitor Zoe Anderson and Law Graduate Jonathan Mo.
The refinancing will enable Sydney Airport to take advantage of favourable market conditions to achieve more competitively priced debt, and support its key objectives of optimising pricing, spreading and lengthening its debt maturity profile and maintaining its strong liquidity position.
The transaction demonstrates the strong support Sydney Airport continues to receive from domestic and international banks.