King & Wood Mallesons advised Steadfast Group Ltd on its debut $285million syndicated facilities.

The new facilities replaced Steadfast Group’s existing A$180m bilateral facilities with Macquarie Bank, and provides Steadfast Group with increased debt capacity.

The KWM team comprised Banking & Finance partner Yuen-Yee Cho and solicitor Michael Spurritt.

Yuen-Yee said, “We are very pleased to have had this opportunity to assist Steadfast Group on its debut debt raising in the syndicated loan market. The facility will serve as a platform for Steadfast Group’s growth plans and future financings.”

KWM were counsel to Steadfast Group Ltd on its $300m equity raising in March 2015 and its IPO in 2013.