27 October 2011

Clayton Utz supports Transpacific on multimillion dollar raising

Brisbane, 27 October 2011: Clayton Utz has advised long-standing client Transpacific Industries Group Limited (TPI) in connection with its proposed equity capital raising of approximately A$309 million and new A$1.525 billion debt facility, announced to the market yesterday.

Clayton Utz Brisbane Corporate partners Andrew Hay and Tony Lalor led the firm's team on the equity side. The raising comprises a 9 for 14 Accelerated Pro Rata Renounceable Entitlement Offer of ordinary shares at an issue price of 50 cents per share.

A Clayton Utz finance team led by Melbourne Banking partner Marcus Davenport together with special counsel Greg Potts and Sydney Banking partner Alexander Schlosser, advised TPI on its A$1.525 billion new syndicated debt facilities.

In July 2007, Andrew led the Clayton Utz team that advised TPI on the corporate aspects of its A$1.2 billion acquisition of the Cleanaway business, a multi-jurisdictional transaction which the Clayton Utz team turned around in a tight two-week timeframe.

Transpacific Industries Group provides waste management, recycling and industrial services across Australia and New Zealand.

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Clayton Utz communications are intended to provide commentary and general information. They should not be relied upon as legal advice. Formal legal advice should be sought in particular transactions or on matters of interest arising from this bulletin. Persons listed may not be admitted in all states and territories.
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Email: Lauren Scott, Head of Corporate Affairs
Tel: +61 3 9286 6972