King & Wood Mallesons has assisted mass transit company Kinetic to new strategic financing arrangements, raising in excess of A$3.5bn across multiple transactions.
Kinetic, a portfolio company of OPTrust and Foresight Group, is a leading operator of mass transit systems in Australia, New Zealand, the UK, and Europe.
Over the past 12 months the King & Wood Mallesons team has advised Kinetic in relation to the following:
- refinancing Kinetic’s Australian facilities with a new ‘core plus’ syndicated facility agreement.
- refinancing bank and note facilities for Go-Ahead Group, the UK transportation group, which Kinetic acquired via a joint venture with Globalvia in 2022.
The KWM team consisted of Partners Will Stawell, Dan Flanagan, and Rebecca Finkelstein, Senior Associates Zoe Anderson, Amy Maguire, Pip Montgomery, and Stephen Sharpe and Solicitors Tianna Butler and Bianca Ng.
Commenting on the transactions, Will Stawell said:
“We are proud to assist Kinetic as it drives towards its ambitious decarbonisation goals. Getting to net zero will take a huge collaborative effort on behalf of everyone. It is rewarding to play a part in connecting Kinetic’s vision with financing partners who share that vision and can support its execution.
We are grateful for the trust put in us by the Kinetic, OPTrust and Foresight Group and the support from our colleagues at Allen & Overy on the Go-Ahead facilities and Allens for the Kinetic facilities”.
KWM's engagement on this transaction demonstrates its ongoing commitment to providing clients with guidance on complex, cross-border financing deals, particularly those with a direct link to achieving net zero.
