Allens has advised Spark Infrastructure, owned by a consortium of Ontario Teachers' Pension Plan Board, Public Sector Pension Investment Board and funds and/or investment vehicles managed and/or advised by Kohlberg Kravis Roberts & Co. L.P. and/or its affiliates, on a $1.8 billion refinancing along with new hedging strategies related to the expanded debt facility.
The refinancing brings in funds from a large syndicate of investment banks, commercial banks, and private credit funds throughout the Asia-Pacific region.
'We are pleased to have advised the consortium on the initial acquisition of Spark back in 2021 and now on this significant refinancing. It is yet another example of Australia's growing attractiveness as an investment destination among Asia-Pacific banks and private credit funds,' said lead partner Tim Stewart.
This transaction reinforces Allens' position as a leader in complex financial advisory, with extensive experience in the regulated utilities sector.
