Ashurst acts in A$1b financing for Viva Energy REIT
Ashurst has advised the mandated lead arrangers and bookrunners, lenders and agent on the A$1 billion financing for Viva Energy REIT Limited.
In 2014, Vitol SA acquired (through its Viva Energy Holding Pty Ltd SPV) Shell's Australian downstream business. As part of Vitol's second phase of its strategy for these assets, the lenders agreed to provide certain corporate and acquisition debt facilities to fund the spin off the service station real property assets into an ASX listed real estate investment trust (REIT).