The deal reflects the sustained strong demand in debt markets for such borrowers
Gilbert + Tobin (G+T) has acted for a group of incoming lenders in relation to the ~$1.4bn debt facilities for Kelsian Group Limited (Kelsian).
Lead partner John Schembri described the transaction as an “important refinancing” and confirmed that the G+T team worked closely with Kelsian.
“The size of the facilities and the support of the new and existing lender group demonstrates the continuing strong appetite in the debt markets for borrowers of this calibre”, he said.
Schembri was supported by special counsel Alison Morris and lawyer Alex Effendowicz in working on this deal. Banking and projects partner Gail Christopher, assisted by lawyers Kishan Mathy, Natan Skinner, and Matthew Wu, represented the outgoing lenders.
Kelsian is a major integrated multimodal transport provider and tourism operator in Australia. The company operates bus services in Australia, Singapore, the US, the UK, and the Channel Islands.
