19 September 2008
Melbourne, 19 September 2008: Clayton Utz' Debt Finance team has advised a syndicate of banks on a facility agreement to refinance the corporate debt of the Sigma Pharmaceuticals group of companies.
Comprising ANZ, CBA, NAB and Westpac as the lead arranging banks and ANZ as the documentation bank, the $500 million syndicated debt facility will help to ease Sigma's refinancing risk.
Melbourne partner Marcus Davenport led the Clayton Utz team which included Special Counsel Greg Potts and lawyer Dominic Murphy advising on the agreement.
The syndicated debt facility is split into two tranches, with $200 million maturing in September 2009 and $300 million maturing September 2011.
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