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Media Release: Clayton Utz advises Talison Lithium on US$1 billion corporate facility
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A Perth Clayton Utz team has advised long-time client Talison Lithium Pty Ltd (Talison Lithium) on successfully negotiating a US$1 billion syndicated facility agreement, with financial close taking place on 7 October.
Banking and Financial Services partner Rohan Mishra and special counsel Kate Casellas, with support from lawyer Victoria Bandurski, advised on the suite of documents for the financing arrangements, which attracted strong lender interest with nine participating domestic and international banks. The funds will be used to repay Talison’s existing project finance facility and for ongoing corporate purposes.
Talison Lithium is one of the world's leading lithium mineral concentrate producers. In 2019, the Clayton Utz team advised the business on a US$770 million project financing deal to fund the expansion of its Greenbushes operation located approximately 250km south of Perth, Western Australia.
The company's ability to refinance the project financing into a corporate facility is testament to the ongoing financial strength of the business.
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