Firms heat up for coal client
Herbert Smith Freehills and Gilbert + Tobin got Whitehaven’s $1.4 billion refinancing over the line last week.
Firms: Herbert Smith Freehills (Whitehaven Coal Limited); Gilbert + Tobin (financiers)
Value: $1.4 billion
Area: Finance
Key players: The HSF team was led by partner Joel Rennie (pictured), who was supported by lawyers Rupert Baker and Emma Zarb.
G+T acted for the financiers, with ANZ, NAB, Westpac and the Bank of Tokyo underwriting the $1.4 billion facility.
Deal significance: The facilities, which mature in July 2019, provide Whitehaven with revolving, term and guarantee lines of credit for general corporate purposes and will replace its existing debt facilities with more favourable terms.