The Allens Banking & Finance team has secured top rankings and awards for project finance transactions and syndicated loans.
For project finance deals, Allens was ranked top legal advisor in Australia and New Zealand, for both deal value and volume, in Inframation’s league tables. For the second year running, the firm topped IJ Global’s Asia Pacific league table for transactions by value.
Further demonstrating the firm’s deep project finance expertise, Allens was recognised twice in Project Finance International’s 2020 Roll of Honour, in the following categories:
- Asia Pacific Transport Deal of the Year – advised the financiers to the Pulse consortium for Queensland’s Cross River Rail project.
- Asia Pacific Public Private Partnership (PPP) Deal of the year – advised the Northwest Rapid Transit consortium on the financial close of the $3.7 billion PPP for Australia’s largest public transport project, Sydney Metro.
‘Securing top league table rankings yet again and being recognised on Project Finance International’s 2020 Roll of Honour, is testament to the breadth and depth of our offering and our team’s ability to deliver innovative financing structures and solutions for our clients,’ said Banking & Finance Practice Group leader, Partner Alan Maxton.
Head of Project Finance, Partner Michael Ryan, said a number of significant deals contributed to the results.
‘We’re being asked to advise on some of the largest and most complex deals in the country, across the infrastructure, power, oil and gas and natural resources sectors. Our roles on Queensland’s Cross River Rail, Sydney Metro and Snowy Hydro 2.0 demonstrate that clients entrust our team with the biggest and highest profile project finance deals in the country,’ said Michael.
Examples of other project finance transactions Allens recently advised on include:
- East Rockingham Waste to Energy Facility – advised on the development and financing of the facility, which will be Australia’s second waste-to-energy facility; and
- Beyondie Sulphate of Potash Project – advised the Northern Australia Infrastructure Facility on the completion of a loan facility of up to $74 million to support the development of the project, the first of its kind in Australia.
Allens also continued its winning streak across syndicated loans, ranking first for both transaction value and volume in Debtwire’s league table for Australia Lead Bank’s Legal Counsel.