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Clifford Chance advises OCP Asia on senior and subordinated financings for National Group

21 September 2021

Clifford Chance advises OCP Asia on senior and subordinated financings for National Group

Leading international law firm Clifford Chance has advised OCP Asia in relation to a syndicated A$190 million senior asset-based loan facility and a syndicated A$156.5 million subordinated term loan facility for National Group. OCP Asia has a proven track record of providing customised secured lending solutions for businesses across Australia and the Asia Pacific region.

The refinancing came amidst an increase in activities at National Group, an Australian group of companies from the mining, resource, transport and logistics industries with a focus on heavy earthmoving equipment and end-to-end production mining services.

The Clifford Chance team comprised lawyers in Sydney, Perth, and Hong Kong, specialising in financial markets, restructuring and corporate matters.  The team was led by partners Mark Gillgren, Mark Currell and Scott Bache, senior associates Nicholas Henneberry, Joe Osgerby-Lacey, Marcus Berghouse and Aditya Ralhan, associates Samantha Wong and Melanie Ray and graduates Max Beavis, Amelia Hirst, Christine Wang and Molly Tredennick.

Mark Gillgren said, "We are honoured to have advised OCP Asia on this significant refinancing transaction. Clifford Chance continues to see a trend towards these sorts of more complex and highly structured financial solutions in Australia and across the Asia Pacific region, and we anticipate that there will be similar transactions to follow as asset based and more structured lending products continue to make inroads into the market."