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Gold producer establishes debt facility
A global firm has advised lenders on the establishment of a syndicated revolving debt facility for Northern Star Resources Limited.
Lara Bullock
Firm: Allens (lenders); Wright Legal (Northern Star Resources)
Value: $100 million
Area: Banking and finance
Key players: The Allens banking and finance team was led by partner Ben Farnsworth (pictured), with assistance from senior associate Jamie Donnelly and associate Brooke Silcox.
The Allens energy, resources and infrastructure team consisted of partner Jodi Reinmuth, senior associate Bree Rowswell and lawyer Alistair Stolz.
The team from Wright Legal comprised of directors Trish Chapman and Dom McGreal.
Deal significance: A $100 million syndicated revolving debt facility was established for Northern Star Resources Limited, replacing Northern Star's previous undrawn senior facility.
The new three-year facility provides Northern Star, a Perth-based gold producer with global scale, with a broader base of relationship banks, updated documentation and lower financing costs.
“We were pleased to have been able to help the bank group and work closely with Northern Star and its counsel to put in place Northern Star's first syndicated facility,” said Allens lead partner Mr Farnsworth.
“It is exciting to be involved with Northern Star, which has quickly become one of the most significant players in the Australian gold sector.”
