Major Convenience Retailer

A$175m Senior Syndicated Debt Refinancing

January 2018

In January 2018, Azure was the financial adviser to a major Australian convenience retailer in relation to the successful closing a three year, $175 million financing agreement with a syndicate of four Australian banks, after a competitive tender process.

With generated sales approaching $4 billion, the refinancing will be utilised for working capital, capital expenditure and general corporate purposes of the company.

Azure managed all aspects of the refinancing, having undertaken a review of the capital structuring options available to the company and subsequently running the competitive process through to successful completion.