PROJECT MACQUARIE

We were engaged as Debt Advisor to an ASX-listed company servicing offshore oil and gas companies, that was challenged by COVID-19.  Our role was to assist the Company with the restructure of its c. A$300M syndicated debt facility. After initially obtaining short-term covenant relief, we ultimately assisted the company to exit some of its lenders at a discount, and term out the balance of the facility with lighter covenants and a reduced margin, to improve business stability and the security of remaining lenders.