Deal profile | Gadens advises CIMIC Group Limited in relation to a USD100m multi-option facility

Gadens has acted in relation to a USD100 million multi-option facility provided to CIMIC’s United Arab Emirates affiliate, BIC Contracting LLC, including credit support and subordination arrangements for shareholder funding. The facility arrangements involve a Sydney based financier providing facilities available in USD, United Arab Emirates Dirham and Qatari Riyals to a United Arab Emirates company under documents governed by New South Wales law. Parties to the facility documents included entities incorporated in Australia, United Arab Emirates, Indonesia, Hong Kong and Singapore.

Firms involved: Allen and Overy (Acted for HSBC), Linklaters (Acted for BIC Contracting LLC) and CIMIC’s Indonesian lawyers, Mochtar Karuwin Komar, provided closing opinions in relation to the Indonesian companies involved in the transaction.

Deal value: USD100 million

Deal area: Banking & Finance

Practice groups involved: Banking & Finance

Key team members: Gadens Partner Brad Allen (Banking & Finance)  

Gadens Partner Brad Allen says:

“We are delighted to have assisted CIMIC Group with such a significant transaction. The complexities surrounding cross-border elements including across Australia, United Arab Emirates, Indonesia, Hong Kong and Singapore demonstrates our team’s depth of experience and capability across corporate finance.”