Australia’s leading independent law firm, Corrs Chambers Westgarth, has advised Australia & New Zealand Banking Group Limited (ANZ) and Westpac Banking Corporation (WBC) (Lenders) on the A$350 million club financing to Ridley Corporation Limited (Ridley).
Ridley is the largest commercial supplier of animal nutrition products across Australasia. The financing supports Ridley’s acquisition of Dyno Nobel Limited’s fertiliser distribution business, Incitec Pivot Fertilisers, and other working capital requirements.
Led by partner Paul Sroka, and supported by partners Jonathan Farrer, Rosie Syme and Anthony Lepere, Corrs advised the Lenders on all aspects of the financing, drawing on expertise from the firm’s banking and finance, corporate, environment and planning, energy and natural resources practices.
Commenting on the matter, Paul Sroka said: “We are thrilled to advise the Lenders on this important transaction, securing their position as the key financial supporters of Ridley as it enters its next phase of growth as a leading diversified Australian agricultural services provider.
“The transaction further strengthens Corrs’ reputation as a trusted provider of legal services to the major Australian banks.”