Herbert Smith Freehills has advised APA Group on raising approximately A$1 billion of short term debt facilities in connection with its successful bid for Alinta Energy’s Pilbara assets.
APA has entered into a share sale agreement to acquire 100% of Alinta Energy Pilbara Holdings Pty Ltd and Alinta Energy (Newman Storage) Pty Ltd. The proceeds of the debt facilities will assist with funding the acquisition, which is to be funded through a combination of new equity and the new short-term debt facilities.
The Herbert Smith Freehills team was led by partner John Angus with assistance from solicitor Harriet Ashton-Maxwell.
John Angus said, "We are thrilled to again support APA Group with their debt raisings and funding of this significant acquisition of energy infrastructure in the Pilbara region."
This deal is another example of Herbert Smith Freehills’ market-leading work in the Australian energy infrastructure market.