About Tim Stewart
Tim has experience acting for lenders, borrowers and sponsors in relation to all types of debt finance, including infrastructure and project financing, acquisition finance, restructuring and general corporate finance. This encompasses advising on all types of debt products, such as unitranche and term loan B (US and Australian).
His recent experience includes advising:
Infrastructure and Projects
- the financiers to Squadron Energy on its acquisition of the CWP renewables portfolio from Partners Group, and the subsequent development financing of the Uungula Wind farm;
- the financiers on the refinance of the Arrarat Wind Farm owned by Partners Group and OP Trust;
- GIP on its acquisition of a 49% interest in the Pluto LNG Project from Woodside;
- GIP on its acquisition of a synthetic interest in the GLNG Project from Total;
- Future Fund, CSC and SunSuper consortium on its acquisition of 49% of Amplitel (the Telstra Towers business) from Telstra;
- GIP on its acquisition of a 26.25% interest in the QCLNG Project from Shell;
- NSW Treasury on its sale of 51% of Westconnex;
- Morrison & Co (as manager and adviser) on the joint acquisition by Infratil and Commonwealth Superannuation Corporation of the Canberra Data Centre business;
- working with First Solar on the development and construction finance for the Manildra Solar Farm (financiers) and Beryl Solar Farm (sponsors);
- QIC, ADIA, IFM and GIP consortium on its acquisition of the Port of Brisbane; and
- various bids on infrastructure assets, including Port of Melbourne, Port Botany and Port Kembla, Port of Newcastle, Port of Darwin and the Sydney Desalination Plant.
Acquisition finance
- Brookfield and EIG consortium on its proposed acquisition by scheme of Origin Energy for an implied enterprise value of A$18.7 billion (2023);
- Brookfield and Morrison & Co consortium on its acquisition of Uniti Group;
- QIC on its acquisition of Evolution Healthcare;
- KKR, OTPP and PSP consortium on its acquisition of Spark Infrastructure;
- QIC on its acquisition of Pacific Energy;
- Zimmermann on the sale of an equity interest to Style Capital;
- the financiers to ESR on its acquisition of the PropertyLink Group;
- QIC on its acquisition of the Sea Swift business; and
- the financiers to the Pacific Equity Partners and Landis + Gyr-owned Intellihub on its acquisition of the Acumen smart metering business from Origin Energy.
Restructuring
- Intermediate Capital Group as lender to the LJ Hooker Group;
- the secured bond financiers to the Toys R Us group on the restructure of its debt facilities;
- Commonwealth Bank of Australia in relation to its loan to the Ten Network Group;
- the financiers to the East-West Connect consortium in respect of the award and subsequent cancellation of Melbourne's East West Link toll road;
- ANZ Stadium on the restructure of its debt with ANZ;
- the financiers on the A$700 million (equivalent) financing of the Nine Entertainment Group scheme of arrangement by way of a term loan B; and
- the financiers on the A$1.38 billion (equivalent) financing of the Alinta Energy group scheme of arrangement by way of term loan B.
Tim also advises a number of corporate clients on their financing arrangements. These include OceanaGold, Iron Mountain, the financiers to Nine Entertainment Group, ConnectEast and Australian Gas Networks.