Norton Rose, Minter Ellison sweeten sugar production deal with loan facilities


Posted on January 28, 2011 at 8:01 PM

Norton Rose, Minter Ellison and Allen & Gledhill have advised on the loan facilities granted to fund the acquisition of Australian sugar producer Sucrogen (formerly CSR's sugar and renewable energy business) by Wilmar International, one of the largest listed companies by market capitalisation on the Singapore Stock Exchange.

The combined loan facilities of almost US$2bn – separated into two loans of US$1.3bn and US$597m, respectively – was made through a syndicated arrangement by Australia and New Zealand Banking Group, HSBC and Cooperative Centrale Raiffeisen-Boerenleenbank B.A. The US$1.3bn term loan facility will be used to finance the acquisition of Sucrogen whilst the US$597m revolving credit facility was used to meet the general corporate and working capital requirements of Sucrogen.

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