Media release: KCL Law advises Merricks Capital on convertible debt to equity loan facilitySep 10, 2019
KCL Law’s Banking and Finance team were delighted to recently advise Merricks Capital — an Australian-based investment manager — on a convertible debt to equity facility for a prominent excavation and earth-moving business based in New South Wales.
The transaction had a number complexities, including the negotiation of a unique debt to equity conversion mechanism and the simultaneous refinancing of various assets subject to existing financing arrangements (including a portfolio of heavy vehicles and earth-moving equipment) at financial close.
The transaction was led by Trent Chugg, Special Counsel in Banking and Finance. Trent was assisted by Ilan Kraus, Principal and Head of Banking and Finance, Alex Garfinkel, Associate, and Chantelle Alberico, Lawyer.
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