Allens has advised the mandated lead arrangers, underwriters and bookrunners on a $500 million financing package for Virgin Australia, following the airline's return to the ASX. The firm advised on all aspects of the financing, drawing on its deep experience in complex, high-profile corporate lending transactions.
The syndicated facility is backed by a number of international and local banks and provides Virgin Australia, as a newly listed company, with a liquidity facility for general corporate purposes.
'We are pleased to have acted for the lenders on this significant transaction for Virgin Australia,' said Partner David Couper.
'The deal demonstrates strong local lender confidence in the airline's business model and future trajectory, following its successful turnaround.'
The transaction follows Allens' recent work advising lenders on a $450 million refinancing for Velocity Frequent Flyer, underscoring the firm's role in key financings across the Virgin Australia Group.
