Allens advises senior lenders on refinancing of Victoria's largest bus company

The contracts are among the first of the new bus services deals under negotiation between state authorities and bus operators

Allens advises senior lenders on refinancing of Victoria's largest bus company

National law firm Allens has advised a group of senior lenders on debt facility refinancing of Victoria’s largest bus company, Ventura. This follows the bus firm’s entry into a series of new contracts with the state’s public transport authority.

The contracts are notably among the first of the new bus services deals under negotiation between Public Transport Victoria and metropolitan bus operators in Melbourne.

Allens' Banking & Finance and Projects teams collaborated to advise on all aspects of the refinancing, including debt and project documents.

Warwick Newell was lead partner on the matter. He was aided by partner David Donnelly, senior overseas practitioner Alex, and associates Houston Ash and Hamish McCormack.

As Victoria’s largest bus firm, Ventura operates some 860 buses across metropolitan Melbourne and the Mornington Peninsula. The new contracts with Public Transport Victoria will begin on 1 July.

Allens has recently seen substantial work with the Victorian government. Last December, the law firm said it advised financiers to the Cross Yarra Partnership on the successful close of the Metro Tunnel Package and related packages of the $11bn Melbourne Metro Project. It also advised the Netflow consortium on an innovative financing arrangement for its $1.8bn Western Roads Upgrade public-private partnership.

 

Related stories:
Allens becomes latest Aussie firm to adopt AI solution
Allens helps secure $1.655bn refinance

 

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