Gilbert + Tobin has advised a group of lenders on the ~$1.4bn debt facilities provided to Kelsian Group Limited (Kelsian). Kelsian is Australia’s largest integrated multi-modal transport provider and tourism operator, with bus operations in Australia, Singapore, USA, the United Kingdom and the Channel Islands. Kelsian employs over 12,200 people and operates over 5,500 buses, 115 vessels and 24 light rail vehicles, delivering more than 332 million customer journeys over the last year.
The G+T team for the incoming lenders was led by Banking and Projects partner John Schembri , with support from special counsel Alison Morris and lawyer Alex Effendowicz. Banking and Projects partner Gail Christopher acted for the outgoing lenders, with assistance from lawyers Kishan Mathy, Natan Skinner and Matthew Wu.
John commented, “We are proud to have acted for the lender group and worked collaboratively with Kelsian on this important refinancing. 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.”
