Transmission Gully public private partnership (PPP)
Advised NZ Transport Agency on the procurement of a new Road of National Significance, the NZ$850 million, 27 km long Transmission Gully Motorway, utilising a PPP model.
Pyne Gould Corporation (PGC) recapitalisation
Advised PGC on its NZ$273 million recapitalisation to support it to become a publicly listed banking and asset management company.
Fisher & Paykel Appliances debt restructuring
Advising Fisher & Paykel Appliances on the negotiation of NZ$575 million of new bank facilities with its existing banking group.
Vector Euro medium term note (MTN) programme
Acted for Vector on the establishment of its European MTN programme - the first programme established by a New Zealand electricity utility and the first programme established by a New Zealand issuer for some years.
New Zealand's emissions trading scheme
Advised the Ministry of Economic Development and the Ministry for the Environment on various aspects of the emissions trading scheme to be introduced in New Zealand.
Rank Group purchase of Alcoa's consumer packaging business
Advised Rank Group on all financing aspects of its acquisition of the consumer packaging business of Alcoa, including co-ordinating financial close in 18 jurisdictions across Europe, Asia and North and South America.
Ironbridge Capital acquisition funding of CanWest MediaWorks (NZ)
Acted for Ironbridge, an Australian private equity firm, on the acquisition of 100% of CanWest MediaWorks (NZ), which operates television and radio stations in New Zealand, including advising on the structuring of the offer and entering into a lock-up agreement with CanWest MediaWorks Ireland on its 70% interest in CanWest MediaWorks.
CBA Asset Holdings (NZ) Limited sale and leaseback
Advised CBA Asset Holdings on the sale and leaseback of the Aratere Ferry and on two aircraft leases.
Fletcher Building's acquisition of Formica and US private placement
Advised Fletcher Building on the funding for its acquisition of US-based Formica, resulting in the creation of the largest global manufacturer of decorative surfaces and high-pressure laminates. We also advised on an issue of long term notes by way of US private placement.
Registration of JPMorgan Chase
Advised JPMorgan Chase on its registration as a bank under the Reserve Bank of New Zealand Act.
World Bank and International Finance Corporation debt issuance programmes
Acted as New Zealand counsel to the World Bank and its affiliate International Finance Corporation on the establishment of their debt issuance programmes in New Zealand and subsequent issues of Kauri bonds.
ANZ National Bank project financing for Synlait
Advised ANZ National Bank on the limited recourse funding for construction of a milk processing plant by Synlait.
MARAC Finance securitisation
Advised MARAC Finance on the establishment of a securitisation programme for the funding of consumer and commercial receivables.
Infratil acquisition of Trustpower
Advised ANZ National Bank on funding for the acquisition by Infratil of a controlling shareholding in Trustpower.
Rabobank New Zealand dollar issue capability for medium-term note (MTN) programme
Acted for Rabobank on the establishment of a New Zealand dollar issue capability for its Australian dollar MTN programme.
Tauranga Energy Consumer Trust issue of redeemable preference shares
Advised ANZ National Bank in an issue of redeemable preference shares by Tauranga Energy Consumer Trust.
Syndicated refinancing for SkyCity Entertainment Group
Advised SkyCity on its NZ$400 million syndicated refinancing. The entertainment and gaming business sought to negotiate new and extended flexible funding facilities on attractive terms in a number of areas. This included the NZ$400 million syndicated bank facility split into three and five year tenors and a US$175 million private placement.
Arranger and Funder of the Columbus Warehouse Trust
Bell Gully acted for BNZ as Arranger and Funder of the Columbus Warehouse Trust. This trust was established under the Fisher & Paykel Finance Master Trust Programme. It is only the second pure credit card receivables programme established in New Zealand.
Establishment of a warehouse trust
Bell Gully advised Bluestone on the establishment of a warehouse trust to fund the origination of non-conforming residential mortgages. This is one of very few RMBS programmes in the New Zealand market and is the only non-conforming programme established in recent years.
Aircraft acquisition and financing programme for Air New Zealand
Advised Air New Zealand on all aspects of its aircraft acquisition and financing programme for more than 20 years, as well as advising banks on aircraft leasing and financing.