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.