Innovative solutions for both lenders and borrowers
Chapman Tripp has extensive experience advising on corporate and specialised finance matters.
We act for local and international banks integral to New Zealand’s economy. Our team advises market-leading issuers, investors, arrangers and trustees/custodians. We also act for New Zealand’s most significant corporates, assisting them to finance their activities and business objectives. We are the “go-to” firm for new and complex developments and we are known for our input and involvement in designing and implementing some of the most significant transactions in the banking and finance industry in New Zealand.
We are also leading advisers in relation to securitisations and other structured financings; derivative structures and documentation; asset-based financings; project, acquisition and mezzanine financings; property financings; and regulatory issues.
Ranked Tier One for banking and finance work by independent legal directories Chambers Global 2016, Chambers Asia Pacific 2016, Legal 500 Asia Pacific 2016, IFLR1000 2016 and AsiaLaw Profiles 2016.
We have advised
- Solid Energy’s four major banks throughout nine months of complex negotiations with Solid Energy and the New Zealand Government (the Crown) (in its capacity as Solid Energy’s shareholder) to secure a financial restructuring package in the wake of a significant deterioration in the company’s financial position
- EBOS Group on the NZ$140m acquisition funding for its NZ$1.1b acquisition of Symbion, Australia’s leading pharmaceutical wholesaler and distributor by revenue and a leading veterinary wholesale provider. As a result, EBOS has become the third largest New Zealand listed company by revenue
- ANZ as lender in relation to the financing of the 56ha NZ$1b Westgate Town Centre development in Auckland by New Zealand Retail Property Group and the refinancing of facilities relating to existing malls; and in relation to the financing of the proposed NZ$120m Five Mile retail and residential development in Queenstown by a consortium including the Redwood Group. The proposed development could become the biggest mixed use development in New Zealand at 30.8 ha
- Mighty River Power (MRP) on the successful pricing of two wholesale bond issues. MRP sold NZ$75m of six-year bonds and NZ$25m of 10-year bonds generating NZ$100m as part of a refinancing programme with the proceeds set to be used for general corporate purposes
- Crown Irrigation on structuring, funding and all other legal aspects of its investments into major regional irrigation projects in a manner consistent with government policy
- Z Energy, and its shareholders Infratil and the New Zealand Superannuation Fund, on the restructuring of Z Energy’s bank facilities, retail bonds and supply security arrangements as part of its NZ$840m partial IPO and associated NZX and ASX listings in July 2013; and previously, on its retail issue of NZ$135m secured secured seven-year bonds
- Bank of New Zealand as part of the five-bank syndicate lending to Goodman Property Trust on a restructure of the facilities relating to Goodman’s acquisition of the balance of the Highbrook joint venture. This consolidated the facility previously provided to the joint venture into the Trust’s facility
- the banking syndicate for Origin Energy, Australia's leading integrated energy company, on the New Zealand aspects of its AU$7.4b bank loan facilities with a syndicate of domestic and international banks
- a number of registered banks, including Westpac New Zealand, BNZ and The Hongkong and Shanghai Banking Corporation and numerous other financial institutions including Paymark (formerly EFTPOS New Zealand) and Fisher Funds, on compliance requirements arising under Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act
- ANZ Bank New Zealand on the implications of the Foreign Account Tax Compliance Act (FATCA) legislation without the introduction of an inter-government agreement (IGA), and advised the NZBA on the implications of the implementation of an IGA, including domestic legislation issues
- BNZ on the establishment of its KiwiSaver Scheme
- BT Funds Management on the establishment of the Westpac Cash PIE Fund
- Generate on the establishment of its Generate KiwiSaver scheme, the first hedge fund-style KiwiSaver scheme in New Zealand
- on Kauri bond deals led by ANZ Bank New Zealand and Bank of New Zealand, Deutsche Bank and Westpac for Kommunalbanken Norway (KBN), the European Investment Bank (EIB), Munfin, Nordic Investment Bank, BNG and Rentenbank totalling in excess of NZ$2b
- Airways Corporation in relation to a close out transaction of a cross border lease valued at US$200m
- Christchurch International Airport on an NZ$75m public retail bonds prospectus issue
- the arranger and lending banks on the complex, multi-jurisdictional project financing of a mobile telecommunications network in the South Pacific islands