Freehills has advised Paladin Energy Limited (Paladin) in relation its recent US$274 million 6%, 5 year Convertible Bond offer.

 

Freehills is proud of its long standing relationship with Paladin, an Australian uranium production company with projects currently in Australia and two operating mines in Africa.

 

The funds raised from the offer will be used, in part, to fund a concurrent tender offer to acquire up to US$200 million of Paladin’s existing US$325 million 5% Convertible Bonds due 2013, on which Freehills is also acting.

 

The Freehills team has been led by partners Philippa Stone and Patrick Lowden and assisted by senior associate Laura Cameron and solicitor Lucy Hall. Freehills partner Philippa Stone said: “We are delighted to have worked with Paladin again on this important transaction, which strengthens Paladin’s balance sheet and positions it for the future.”

 

Freehills’ award winning Equity Capital Markets team is the most active in the region, advising on more deals than any other Australian top-tier law firm. Together with the depth of the Debt Capital Markets team, Freehills continues to advise on many of Australia’s high profile, complex, market transforming and innovative capital markets transactions.

 

Barclays Bank PLC, Royal Bank of Canada and UBS AG, Australia Branch acted as joint lead managers and joint bookrunners for the offer. Barclays also acted as the Sole Global Co-ordinator.