DLA Piper has advised Transfield Services on a major global refinancing. Melbourne-based partner Bill Glover led the Australian team that advised Transfield Services Limited on the issue and sale of US $325 million senior unsecured guaranteed notes in the United States and international capital markets. Fellow Sydney-based partner, Hugo Thistlewood, led the team that advised Transfield Services on its approximately AU $400 million of senior secured syndicated bank facilities in various currencies.

The transactions are part of a debt refinancing strategy for Transfield Services which included doubling its average debt maturity profile from two years to more than four years, increasing Transfield Services' flexibility via improved debt covenants and diversifying Transfield Services' funding sources.

Bill Glover said: "DLA Piper is proud to have assisted Transfield Services in executing its debt refinancing strategy and in achieving a major restructure of its financing arrangements in both the loan markets and the international capital markets."