15 August 2012

Clayton Utz advises on $525 million Caltex raising

Sydney, 15 August 2012: Clayton Utz is acting as counsel to Citigroup, National Australia Bank, UBS and Westpac Institutional Bank, joint lead managers in respect of the $525m offer for Caltex's $300m subordinated notes.

Clayton Utz head of Equity Capital Markets Stuart Byrne is leading the firm's team advising the joint lead managers, assisted by senior associate Richard Knott.

The funds raised will be used to pay down existing debts to increase the company's funding flexibility as it implements changes to its supply chain and marketing operations.

Disclaimer
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.
For more information, contact...
Email: Stuart Byrne, Partner
Tel: +61 2 9353 4722