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Global law firm King & Wood Mallesons has advised Reliance Rail in refinancing its existing bank debt facilities on its “landmark” green sustainability-linked loan.
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”.
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Jerome Doraisamy is the managing editor of Lawyers Weekly and HR Leader. He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.
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Jerome Doraisamy
