Allens acts for syndicate banks in A$510 million loan
7 September 2009
International law firm Allens Arthur Robinson (Allens) has acted for the syndicate banks in a A$510 million syndicated loan to Cheung Kong Infrastructure Finance (Australia) Pty Limited (CKI Australia).
The lenders comprise Bank of China (Hong Kong), ANZ, Bank of China (Macau Branch) and Nanyang Commercial Bank.
The loan, which is guaranteed by its listed parent company, Cheung Kong Infrastructure Holdings Limited (CKI), will go towards refinancing existing loans of CKI Australia.
Allens Hong Kong-based Partner Matthew Barnard, alongside Lawyer Justin Chin, advised the group of lenders.
According to Mr Barnard: 'It was a pleasure to help the lenders on this transaction.
'Our experience with the lenders' and borrower's respective expectations meant we were able to respond quickly and execute the transaction successfully.'
CKI is the largest publicly listed infrastructure company in Hong Kong, with diversified investments in Energy Infrastructure, Transportation Infrastructure, Water Infrastructure and Infrastructure Related Business. It operates in Hong Kong, Mainland China, Australia, the United Kingdom, Canada, New Zealand and the Philippines.
Ends
| Allens legal team | Matthew Barnard (Partner – Hong Kong), Justin Chin (Lawyer – Hong Kong) |
For further information, please contact:
- Jane FoleyCorporate Communications Coordinator,
Melbourne
Ph: +61 3 9613 8503
Jane.Foley@aar.com.au
Notes for editors.
Founded in 1822, Allens Arthur Robinson offers one of the most comprehensive legal networks in Australia and Asia with more than 1500 personnel based in 14 cities and eight countries across the region. Clients voted Allens Arthur Robinson the Best Professional Services Firm (revenue over $200 million) and Best Law Firm (revenue over $100 million) in the annual BRW Client Choice Awards 2005, 2006 and 2008. We have been an EOWA Employer of Choice for Women since 2004.
