Allen & Overy advises Ventia on the refinancing in connection with its IPO
17 December 2021
Following a successful IPO, Ventia commenced trading on both the ASX and NZX on 19 November.
Ventia is a leading essential infrastructure services provider operating across four sectors: defence and social infrastructure, infrastructure services, telecommunications and transport.
Ventia’s new AUD750 million syndicated term loan facility refinances its secured TLB debt while working capital capacity is provided by way of a new AUD400 million syndicated revolving cash facility. In addition, Ventia’s ancillary bank guarantee and surety bond facilities were also refinanced.
A&O senior associate William Kim commented: “Ventia’s refinancing and de-levering following its IPO reflects its maturity as a business and has enabled it to move towards favourable terms befitting its public investment grade status. This transaction demonstrates that favourable refinancing terms are available in the current market for high-calibre companies with strong growth potential like Ventia.”
The A&O team was led by senior associate William Kim, supported by senior associate Emma Avery, lawyers William Khun and Riley Phillips-Harris, graduate-at-law Jodie Llewellyn and Peerpoint consultant Jason Huinink.