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Banking syndicate refinances Royal North Shore Hospital

A banking syndicate, comprised of Westpac and ANZ, has refinanced Royal North Shore Hospital PPP Project.

user iconNaomi Neilson • 18 September 2019 • Big Law
Chris Redden
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Firm: Ashurst (banking syndicate)

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Deal: Ashurst has advised a banking syndicate on the $930 million refinancing of the Royal North Shore Hospital PPP Project, whose investor is AMP Capital Community Infrastructure Fund.

Value: $930 million.

Area: Financing.

Key players: The team was led by partner Chris Redden with support from counsel Doug Fund and associates Mitchell Bazzana and Jerome Kadamongariga.

Deal significance: The syndicate includes MUFG Bank Ltd, Natixis, Sumitomo Mitsui Trust Bank, the Westpac Banking Corporation, ANZ Banking Group and Norinchukin Australia Pty Ltd.

This is the first refinancing for the project since AMP Capital Community Infrastructure Fund acquired the project from Royal Bank of Scotland in 2015.

Mr Redden commented: “We are delighted to have advised the banking syndicate on this significant transaction, which builds on our strong relationship with AMP Capital following the recent financing of the SA Schools and Victorian Schools PPP Projects, which we closed earlier this year.”

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Naomi Neilson

Naomi Neilson

Naomi Neilson is a senior journalist with a focus on court reporting for Lawyers Weekly. 

You can email Naomi at: This email address is being protected from spambots. You need JavaScript enabled to view it.

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