King & Wood Mallesons has advised DBP on its A$745m bank debt refinancing transaction, provided by a syndicate of Australian, Asian and Canadian banks.
The funds raised will be applied to refinance nearly 90% of DBP’s term bank debt due to mature in October 2014 along with other bank debt facilities.
The DBP group of entities purchased the Dampier to Bunbury Natural Gas Pipeline in October 2004. It is majority owned by DUET Group (80%), with Alcoa as a 20% minority owner.
The King & Wood Mallesons team was led by banking and finance partner Nicholas Creed, who was supported by solicitor Kirsten Young.
Nicholas Creed said: “We are delighted to have been able to assist DBP on another successful fund raising.”
King & Wood Mallesons has acted for DBP on all its major financings since 2004.
