Zac Kedgley-Foot

Partner Wellington

Contact Zac

Zac is a partner in Bell Gully's market-leading financial services team. He advises on domestic and international banking and capital markets transactions including structured, acquisition, infrastructure, project, corporate and leveraged financings and on the regulation of financial products, services and markets in New Zealand.​

Work highlights

First Gas / Igneo Infrastructure Partners
Advising First Gas and Igneo Infrastructure Partners on the financing of the NZ$260 million acquisition by First Gas of Eastland Network Limited, the electricity lines company for Tairāwhiti and Wairoa.

Igneo Infrastructure Partners
Advised Igneo Infrastructure Partners on the hedging aspects (including deal contingent hedging) of its NZ$1.9 billion acquisition of Waste Management NZ and on the hedging aspects of its refinancing of the corporate facilities for Tuatahi First Fibre.

Crown Infrastructure Partners
Advised Crown Infrastructure Partners on the second landmark transaction under the IFF Act providing funding to the Wellington City Council for the construction of a sludge minimisation facility at Moa Point.

Wellington Electricity
Advised Wellington Electricity (owned by CKI) on the refinancing of its corporate facilities and its USPP issuance.

King Country Energy
Advised King Country Energy on the refinancing of its corporate facilities.

Horizon Energy Distribution
Advised Horizon Energy Distribution on the refinancing of its corporate facilities.

FountainVest
Advised FountainVest on the New Zealand aspects of the acquisition financing provided in respect of its acquisition of Ziwi, the New Zealand-based ultra-premium pet food manufacturer and global exporter.

Investore
Advised Investor on its issuance of NZ$125 million 5-year senior, secured fixed rate bonds.

IBRD Kauri bond programme
Acted as New Zealand counsel to the International Bank of Reconstruction and Development (part of the World Bank), on various NZ$ Kauri bond issuances into the New Zealand market, including a NZ$950 million issuance of a ‘Sustainable Development Bond’. The proceeds will be used supports sustainable development projects and programs in World Bank member countries.

Asian Development Bank (ADB) Kauri bond programme
Acted for ADB on their Kauri programme and numerous issuances under it, including on New Zealand’s first ‘gender bond’ under its NZ$5 billion Domestic MTN Programme. The proceeds for this 10 year, NZ$375 million Kauri issuance will be used to finance a pool of eligible projects that promote gender equality and women’s empowerment.

Metlifecare sustainability-linked swap
Advised Metlifecare on its ‘sustainability-linked’ interest rate swaps with Bank of New Zealand and ANZ. The swap with Bank of New Zealand was the first sustainability-linked derivative entered into in the New Zealand market.