7-Eleven Australia

A$175m Senior Syndicated Debt Refinancing

January 2018

7-Eleven Stores Pty Ltd (7-Eleven Australia) is Australia’s first choice in convenience. The company holds a license to operate and franchise 7-Eleven stores in Australia from the US based 7-Eleven Inc. 7-Eleven Australia operates more than 670 stores across its franchise and corporate network, covering Victoria, New South Wales, the Australian Capital Territory, Queensland, and Western Australia. It conducts more than 228 million transactions a year, serving an average seven customers per second, generating sales approaching $4 billion.

In January 2018, 7-Eleven Australia and associated companies (the Group) successfully closed a three year, $175 million financing agreement with a syndicate of four Australian banks, after a competitive tender process.

The refinancing will be utilised for working capital, capital expenditure and general corporate purposes of the Group.

Azure was the financial adviser to 7-Eleven Australia with regard to the refinancing, having undertaken a review of the capital structuring options available to 7-Eleven Australia and running the competitive process through to successful completion.