GLAS Australia takes key roles in Barminco senior secured notes issuance

Sydney, May 2017

GLAS Australia, the leading independent Agency services provider, was mandated with key Security Trustee and Revolving Facility Agent roles in Barminco Finance Pty Limited’s raising of USD 350 million Senior Secured Notes and a senior secured AUD 100 million Revolving Credit Facility (and hedging arrangements). The notes are listed on the Singapore Exchange.

Barminco is an international leader in the hard rock underground mining and production contract mining sector.

The GLAS Australia team took a pragmatic and flexible approach to ensure that the tight transaction deadlines were met.

Gresham Partners said, “We saw the benefits of appointing an independent Agent/Security Trustee on the transaction, and so took this opportunity to work with GLAS for the first time. They were proactive, commercial, client-focused and had a deep understanding of the broader transaction. We look forward to working together in the future”.

Barnaby Webb, Head of GLAS Australia said, “GLAS Australia was delighted to have the opportunity to work on this transaction, which adds to our growing portfolio of deals in the mining and mining services industries. We were able to leverage the use of our global team in order to help turn around documents quickly given the tight timeframes involved. Special thanks to our key supporters and facilitators on this deal Gresham, Baker McKenzie, King & Wood Mallesons and, of course, Barminco.”

For more information please contact:

Barnaby Webb, Head of GLAS Australia: barnaby.webb@glas.agency
Kate White, General Counsel, GLAS Australia: kate.white@glas.agency