17 Oct 2013

Clayton Utz advises Joint Lead Managers on A$147.5m Galileo Japan Trust recapitalisation

Melbourne, 17 October 2013: Clayton Utz has represented Macquarie Capital (Australia) Limited and Moelis Australia Advisory Pty Ltd as Joint Lead Managers (JLMs) and underwriters in connection with the A$147.5 million Offer and Placement of units in ASX-listed real estate investor Galileo Japan Trust (GJT).

Clayton Utz Corporate partner Brendan Groves led the transaction for the JLMs, with support from senior associate Elissa Tobin.

The institutional book build for the Offer, conducted by Galileo Japan Funds Management Limited as responsible entity for GJT, was  successfully completed on 3 October 2013. As at 30 June 2013, GJT held indirect interests in a portfolio of 21 Japanese real estate investments valued at approximately A$628 million.

The Offer was made in the context of a significant recapitalisation of GJT, involving an issue of new Eurobonds and a refinancing of its existing senior loan.

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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 communication. Persons listed may not be admitted in all States and Territories.