Ashurst advises banks on c.A$930m refinancing of Royal North Shore Hospital PPP Project

The syndicate included MUFG Bank Ltd., Westpac Banking Corporation, Natixis, ANZ Banking Group, Norinchukin Australia Pty Ltd and Sumitomo Mitsui Trust Bank.

This is the first refinancing for the Project since the AMP Capital Community Infrastructure Fund acquired the project from Royal Bank of Scotland in 2015.

Partner Chris Redden commented:

"We are delighted to have advised the banking syndicate in this significant transaction, which builds on our strong relationship with AMP Capital following the recent refinancing of the SA Schools and Victorian Schools PPP Projects which we closed earlier this year."

The Ashurst team was led by partner Chris Redden, with support from counsel Doug Fung and associates Mitchell Bazzana and Jerome Kadamongariga.