King & Wood Mallesons (KWM) has acted for Transurban Queensland (TQ) to raise $500 million of debt via a new syndicated bank facility which will be used to fund TQ's future capital expenditure requirements.
The new facility refinances existing bank debt which was due to mature in December 2019, providing TQ with an additional tenor of nearly 3 years.
The KWM team acting on the deal was led by partner, Claire Rogers, with support provided by senior associate, Amy Maguire and solicitor, Shareen Dhillon.
Commenting on the raising Claire said: "We are pleased to have continued our longstanding relationship with Transurban Queensland to facilitate this financing which will allow them to invest in strategic growth over the next few years."
KWM advised on the acquisition of TQ (formerly Queensland Motorways) by the Transurban-led consortium in 2014 and has since advised TQ on its key financing transactions, including the acquisition of AirportLink, the Logan Enhancement Project and multiple note issuances.