Banking & Finance

The global financial crisis has ensured that most within business and government have an acute understanding of the need to appropriately manage an organisation’s debt funding requirements.

Pleasingly for Australian corporations, access to debt and debt market liquidity has returned since the GFC.

Australian domestic banks have continued to support Australian credits, particularly in the investment grade area, to rebuild lending books which were subject to some strong run-off in 2009.

Liquidity has been strengthened by the return of some offshore lenders thought to have re-treated somewhat during the GFC, and Asian banks looking for yield and credit diversity.

We are also seeing the early signs of new investors in the form of institutional funds participating in senior term debt facilities.

Australian borrowers have also responded with an acknowledged need to consider diversity of debt funding sources and terms.

Corrs has been at the forefront of many of the most significant debt funding transactions in Australia in recent years. The team has been joined by no less than 6 lateral banking partners in the last 12 months, and has the experience, capability and team bench-strength to work on complex, cutting edge transactions. Corrs banking team consistently wins praise from clients and the market for its responsiveness and ability.