Herbert Smith Freehills has advised Macquarie Capital (Australia) Limited (Macquarie) and UBS AG, Australia Branch (UBS) in relation to their roles as joint bookrunners, joint lead managers and underwriters for Charter Hall Group’s A$140 million fully underwritten institutional placement, announced on Tuesday, 25 February 2014.
The proceeds from the offer will be used to repay drawn debt, fund identified investments and provide capital for planned growth initiatives.
The Herbert Smith Freehills team was led by Partner Philippa Stone and Executive Counsel Lauren Magraith, assisted by Solicitor Belinda Robilliard.
Charter Hall Group was advised by Allens Linklaters.
Ms Stone said: “Herbert Smith Freehills is proud to have acted for Macquarie and UBS on another significant institutional placement in the property sector.”
Herbert Smith Freehills’ Sydney capital markets team also acted for the joint lead managers in respect of an A$80 million institutional placement for the Charter Hall Retail REIT in November 2013.
Herbert Smith Freehills’ equity capital markets team has also recently acted for SG Fleet Group on its $454 million IPO, the PACT Group on its $1.12 billion IPO, for the McAleese Group on its $166 million IPO, for the joint lead managers on Veda’s $1.05 billion IPO and OzForex Group’s $439 million IPO, for the sole lead manager on National Storage REIT’s $240 million IPO, for the joint lead managers on iSelect’s $215 million IPO, for the sole lead manager on Arena REIT’s $228 million IPO, for the sole lead manager of SCA Prerty Group’s $1.4 billion demerger and IPO, and for Calibre Group on its $477 million IPO.
Herbert Smith Freehills’ Australian capital markets team has also recently acted for the sole lead manager on Aveo Healthcare Limited’s $232 million entitlement offer, for the sole lead manager on ALS Limited’s $246 million entitlement offer, for ASX Limited on its $553 million entitlement offer and for Ten Network Holdings Limited on its $200 million entitlement offer and its $230 million entitlement offer.
