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Reliance Rail secures 21-year green sustainability-linked loan
Global law firm King & Wood Mallesons has advised Reliance Rail in refinancing its existing bank debt facilities on its “landmark” green sustainability-linked loan.
Jerome Doraisamy
Firm: King & Wood Mallesons (Reliance Rail)
Area: Banking and finance
Value: $1.8 billion
Key players: The KWM team was led by partner Andrew Maynes and special counsel Brendan Smith, with support from senior associate Adam Drawbridge and solicitor Jade Chow.
Deal significance: The $1.8 billion loan, KWM said, is of the first of its kind in the Asia-Pacific market and is certified as a “green loan” by the Climate Bonds Initiative under its Low Carbon Transport Criteria.
Speaking about the deal, Mr Maynes said that “it was fantastic to have been able to assist Reliance Rail with this market-leading 21-year green and sustainability linked loan, that not only has positive ESG outcomes, but has also eliminated refinancing risk for the project”.
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly and HR Leader. He has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. In June 2024, he also assumed the editorship of HR Leader. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of the Minds Count Foundation.
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