Viva Energy advised on multimillion-dollar refinancing
Gilbert + Tobin has advised Viva Energy Group Limited and its subsidiaries as part of its latest refinancing worth US$700 million.
Firm: Gilbert + Tobin (Viva Energy).
Value: US$700 million.
Area: Banking and finance.
Key players: The Gilbert + Tobin team was led by banking and infrastructure partner Spiro Papadolias, with assistance from lawyers Corrie Eames and Lee Lancaster.
Deal significance: Viva Energy is described as a leading energy company that holds over 120 years of operation in the Australian market.
“Viva Energy is the exclusive supplier of Shell fuels and lubricants in Australia and supplied approximately one quarter of Australia’s liquid fuel requirements in 2020,” a statement from Gilbert + Tobin said.
“The refinancing of Viva Energy’s syndicated revolving credit facility will provide the foundation for the business’ operational goals and future growth plans.”
Commenting further, lead partner Mr Papadolias said: “We are pleased to have advised our longstanding client Viva Energy on this refinancing, which will help the business secure its strategic objectives going forward”.
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