CHICAGO (PRWEB) January 18, 2018
A Chicago-based corporate team with global law firm Greenberg Traurig, LLP represented private placement investors in the first-of-its-kind-infrastructure bond financing in Australia. The bonds issued will finance Australia’s Western Road Upgrade project and is the first greenfield bond financing for a public-private partnership since the 2008 financial crisis. Primary private placement investors in the transaction included TIAA, Manulife, Hastings, Dongbu Insurance, and IFM Investors.
The project was financed through a 60:40 combination of U.S. private placement and bank financing.
Plenary Group and Cintra have a 50:50 equity investment in the project.
The $1.38 billion Western Road Upgrade will include road and intersection widenings, almost 18 miles of duplicated road, and more than 160 miles of road maintenance over the span of 20 years.
The Greenberg Traurig team included shareholders Charles J. Kolin, David J. LaSota, Michael D. Robson, and Lorraine M. Tyson, and included law clerk/JD Christopher Lapp. The deal closed on Dec. 19, 2017.
About Greenberg Traurig, LLP: Greenberg Traurig, LLP (GT) has more than 2,000 attorneys in 38 offices in the United States, Latin America, Europe, Asia and the Middle East. GT has been recognized for its philanthropic giving, was named the largest firm in the U.S. by Law360 in 2017, and is among the Top 20 on the 2017 Am Law Global 100. Web: http://www.gtlaw.com Twitter: @GT_Law.