King & Wood Mallesons has advised DBP on its A$245m bank debt refinancing transaction, provided by The Bank of Tokyo-Mitsubishi UFJ, Ltd., a long term banker to the company.

The funds raised will be applied to repay part of DBP’s A$565 million of medium term notes when they mature in September 2015.

The King & Wood Mallesons team was led by banking and finance partner Nicholas Creed, who was supported by solicitor Kirsten Young.

Nicholas Creed said: “This transaction marks the contract close of a seven year bank debt facility. We are delighted to have been able to assist DBP on another successful fund raising.”

King & Wood Mallesons has acted for DBP on all its major financings since 2004.