Allens has advised the lenders on the establishment of a $100 million syndicated revolving debt facility for Northern Star Resources Limited, replacing Northern Star's previous undrawn senior facility.
The new three-year facility provides Northern Star, a Perth-based gold producer with global scale, with a broader base of relationship banks, updated documentation and lower financing costs.
The Allens team was led by Ben Farnsworth, who said the appointment demonstrates Allens' depth of experience in mining financing.
'We were pleased to have been able to help the bank group and work closely with Northern Star and its counsel to put in place Northern Star's first syndicated facility.
'It is exciting to be involved with Northern Star, which has quickly become one of the most significant players in the Australian gold sector.'
Allens legal team
Banking and Finance: Ben Farnsworth (Partner), Jamie Donnelly (Senior Associate), Brooke Silcox (Associate).
Energy, Resources and Infrastructure: Jodi Reinmuth (Partner), Bree Rowswell (Senior Associate), Alistair Stolz (Lawyer)
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Notes for editors.
Allens is a commercial law firm working throughout Australia and Asia. Through its integrated alliance with Linklaters it provides clients access to 40 offices in 28 countries around the world.