Pinsent Masons advises Abacus Storage King on $1.25 billion debt finance transaction
25 Nov 2024 | 03:13 pm |
Multinational law firm Pinsent Masons has advised listed Australian entity Abacus Storage King (ASK) on its recent landmark debt finance transaction with commitments of A$1.25 billion.
This is a significant achievement for ASK, moving from a secured syndicated facility to a negative pledge common program, demonstrating its strong performance and enhanced stature in the Australian debt markets. The transaction was arranged by the Commonwealth Bank of Australia and Sumitomo Mitsui Banking Corporation.
Pinsent Masons benchmarked terms and prepared and negotiated the documentation, steering the transaction to financial close on Friday 15 November. The team was led by finance partner Jim Hunwick and senior associate Jesse McNaughton, assisted by associates Migo Sanchez and Richard Beauchamp.
Commenting on the matter, Jim Hunwick said: ‘The Pinsent Masons debt financing team has had a great year representing issuers on billion-dollar transformative transactions. As well as ASK, we acted for Australian Gas Infrastructure Group on the establishment of its EUR2 billion Euro Medium Term Note program, listed on the Singapore stock exchange and arranged by Goldman Sachs, and for Flinders Ports on the establishment of its sustainability linked debt program and new Australian Medium Term Note program, led by Royal Bank of Canada. The team is excited to be supporting Australian issuers’ advancement in the debt capital markets.’
Key Contacts
Latest press releases
Show me all press releasesPinsent Masons advises on the sale of Sky Office Center in Warsaw
Multinational law firm Pinsent Masons has advised Hines, a leading global real estate investment manager, on the sale of Sky Office Center, a modern office building located in Warsaw’s Mokotów district. The property was acquired by a private Polish investor.
Pinsent Masons advises Ghelamco on a €300m transaction in the Polish office market
Multinational law firm Pinsent Masons has advised developer Ghelamco on signing of a €300 million preliminary agreement for the sale of The Bridge, a landmark Warsaw office tower.
Pinsent Masons advises Stena Real Estate on the €159m acquisition of an office building in Warsaw
Multinational law firm Pinsent Masons has advised Swedish investment company Stena Real Estate on the €159 million acquisition of Studio A Warsaw office building from Skanska Property Poland.
People who viewed this press release also viewed
Show me all press releasesPinsent Masons strengthens Luxembourg Investment Funds team with the arrival of Jennifer Burr
Multinational law firm Pinsent Masons has announced the appointment of Jennifer Burr as a Legal Director in its Investment Funds team in Luxembourg. She joins the firm with more than 15 years of experience advising fund sponsors, asset managers, financial institutions and investors on the structuring, establishment and ongoing management of Luxembourg investment funds and related investment vehicles.
Pinsent Masons advises on €172 million refinancing of Elektrownia Powiśle
Multinational law firm Pinsent Masons has advised Tristan Capital Partners and White Star Real Estate on securing the €172 million refinancing of Elektrownia Powiśle, one of the most recognisable mixed-use projects in Poland.
Pinsent Masons appoints structured finance partner Thomas Shen in London
Multinational law firm Pinsent Masons has appointed Thomas Shen as a Partner in its Structured Finance team, based in London.
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on
Location contacts
Europe: [email protected]
Asia: [email protected]
Middle East: [email protected]
Australia: [email protected]