Gilbert + Tobin is pleased to announce its role advising the Mandated Lead Arrangers, Underwriters and Bookrunners Commonwealth Bank of Australia, Oversea-Chinese Banking Corporation and United Overseas Bank Limited and other lenders on Ixom’s A$1.04 billion refinancing of its corporate debt facilities.

The transaction is one of the largest debt financings of 2023 and in addition to extending the tenor of Ixom’s existing corporate debt facilities will provide additional flexibility to Ixom to implement its business plan. The deal was successfully syndicated by the Mandated Lead Arrangers, Underwriters and Bookrunners.

G+T were responsible for advising the mandated lead arrangers, underwriters and bookrunners and syndicate lenders on all aspects of the transaction including in the structuring, documentation, execution and syndication of the Facilities.

The G+T team was led by Banking Partner, Stuart Cormack with support from lawyers Brent Thompson and Anany Verma.

Stuart commented “It was a pleasure to assist our clients CBA, OCBC and UOB, and their borrower, Ixom on this refinancing and syndication. The successful underwriting and syndication of such a large quantum transaction is both an endorsement of Ixom’s management and business plan and a positive sign for activity in the Australian debt market in the second half of 2023 after a quieter start to the year. Well done to all involved.”