Insights

2020 will be remembered as the year that our world was impacted by COVID-19. In Perth we were fortunate to have experienced a lighter lockdown. However, in light of our international business interests, we have all been careful in monitoring and responding to this global pandemic.

The transition away from LIBOR needs to be handled with care. Take the time to consider the various ways that the end of LIBOR should be addressed. The next six months is critical in managing the transition process, with a deep dive into existing finance documents as an important early step

Trish Chapman and the team at Wright Legal were named Winners of the Debt Market Deal of the Year in the Australasian Law Awards 2020.

‘Environmental, social and governance’ was a hot topic at this year’s Diggers and Dealers.

With thanks to all our clients, Wright Legal has finished up a very busy year with two significant honours.

Vendor finance is a source of acquisition finance which can be used in addition to, or in substitution for, senior debt.

Wright Legal were awarded the 2020 Australasian Law Awards: Debt Market Deal of the Year for the Saracen Mineral Holdings debt acquisition facility to fund its 50% ‘Super Pit’ acquisition.

Trish Chapman and the team at Wright Legal have been announced as FINALISTS for Debt Market Deal of the Year in the Australasian Law Awards 2020.

The current metals volatility being experienced has real implications for financing mining and resources projects, especially when transacting hedging arrangements.

Project financing is traditionally regarded as the financing of an asset where the lenders are repaid from the revenue generated by the asset and, once the assets are revenue positive, the lenders rely on the asset as their sole collateral for the loan.

In any project debt financing, the lender and its own counsel will want to make sure that the commercial documents relating to the construction and operation of the project are ‘bankable’.

Here are some issues for mezzanine lenders to consider when negotiating intercreditor arrangements.

Recently, the topic of metal streaming has been coming up with a little more frequency than usual.

Where the supply of particular goods or services (or both) are critical to your project or business, it's a really good idea to consider including step-in rights in the applicable supply contract.

Receivables financing also referred to as invoice financing, invoice discounting and supply chain financing involves the sale of a debt (owing to a company by a third party debtor) to a lender...

Producers, particularly those whose product lacks a terminal market to hedge against commodity price risk, may at some time want to look at an offtake prepayment to finance their project.

The LIBOR benchmark is leaving us and the LMA and ACT have published a joint guide as an overview, which sets out the full details of what you need to know.

It is timely to remind those in accounting and finance including treasurers and CFOs, that the IFRS 16 published by the International Accounting Standards Board (IASB) in 2016 on an opt in...

In this current environment of equity capital and commodity price volatility, there is often a need for sponsors of new projects to bridge an equity funding gap between (a) the total project development cost...

In finance documents, financial covenants or ratios (and the negotiation of cure rights for breaches) require careful thought during the initial documentation process for a transaction.

The lowering of interest rates and the search for yield has seen more funds flow into investment houses and other non-bank lenders financing projects in the property sector.