The new bank debt facilities comprise secured syndicated bank debt and bilateral facilities which range from a three to five year maturity. The facilities were self-arranged by Sydney Airport and raised over a very tight timeframe, with Sydney Airport taking advantage of favourable market conditions to achieve more competitively priced debt. The debt raising also demonstrated the strong support Sydney Airport continues to receive from domestic and international banks.
The KWM team, led by Yuen-Yee Cho (partner) with support from Angel Quek (senior associate) and lawyers Tracy Liu and Shawn Xin, advised Sydney Airport. Allens, led by Renee Boundy (partner) with support from Diana Ding (senior associate) and lawyers Daniel MacPherson and Lily Zhang, advised the bank group.
The KWM and Allens teams have been working together on Sydney Airport financing transactions since its privatisation in 2002.
