Press Release – Bell Gully
Bell Gully is advising SkyCity Entertainment Group on its retail bond offer of up to NZ$125 million (with the ability to accept oversubscriptions of up NZ$50 million) of 6 year, unsecured, unsubordinated, fixed rate bonds to institutional investors and New Zealand retail investors.
The offer is expected to open on 10 May 2021 and close on 14 May 2021. The bonds have been assigned a BBB- rating by S&P Global Ratings.
The Bell Gully team was led by corporate partner Chris Goddard and financial services partner David McPherson, supported by senior associate Philip Leightley and solicitors Lily Maclean and Kelsey Pepper.
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“We’re pretty proud,”
Friday, 30 April 2021, 10:51 am
Russell McVeagh has assisted clients with a number of
noteworthy transactions in the last year which are
recognised as finalists in the lead up to this year s 2021
INFINZ
Awards to be held in May.
Board Chair Allison
Arthur-Young said, “Congratulations to all of our
clients and their advisers who are finalists ahead of this
year s INFINZ Awards – we re extremely proud to have
assisted on half of the dozen transactions noted as
finalists and thank our clients for choosing us to work
alongside them on these market-leading transactions,
undertaken in a challenging environment.
Some of the
significant transactions the firm advised on that are
Press Release – Russell McVeagh
Russell McVeagh has assisted clients with a number of noteworthy transactions in the last year which are recognised as finalists in the lead up to this year’s 2021 INFINZ Awards to be held in May.
Board Chair Allison Arthur-Young said, “Congratulations to all of our clients and their advisers who are finalists ahead of this year’s INFINZ Awards – we’re extremely proud to have assisted on half of the dozen transactions noted as finalists and thank our clients for choosing us to work alongside them on these market-leading transactions, undertaken in a challenging environment.”
Some of the significant transactions the firm advised on that are nominated ahead of the Awards include:
The bond offer is being led by SkyCity’s bankers.
NZX-listed casino operator SkyCity is carrying out a $125 million bond offer to pay back syndicated bank debt.
SkyCity has the ability to oversubscribe the $125m, six-year bond offer by up to $50m. The offer is expected to open on May 10 and close May 14, with the bonds maturing in May 2027.
The bond offer is arranged by Westpac, with ANZ, Commonwealth Bank, Craigs Investment Partners, Forsyth Barr, Jarden Securities, and Westpac serving as joint lead managers.
SkyCity’s unsecured syndicated banking facility, which the bond offer will draw down, is provided by ANZ, Westpac, Commonwealth Bank, and National Australia