Kate O'Donovan
Clayton Utz
Partner
Sydney
Overview
Kate specialises in corporate finance and complex secured lending transactions with a focus on acquisition finance and leveraged buyouts, IPO financings, large-scale corporate syndicated lending, mezzanine financing and complex intercreditor arrangements, subscription financing and lending to funds, managed investment schemes and financial institutions.
Notable Work
- Acted for Goldman Sachs and Morgan Stanley in connection with a $1.2 billion backstop bridge facility for carsales Limited to enable carsales to complete its acquisition of Trader Interactive in the US.
- Advised Blackstone on its acquisition of Crown Resorts Limited for $8.9 billion by means of a scheme of arrangement on a certain funds basis.
- Acted for ATI Global Limited in respect of the financing of an acquisition of a UK Based business called "Groundsure", involving multiple levels of financing including an extension of an existing first lien credit agreement and an issuance of a new Vendor Loan Note along with intercompany loan agreements to flow funds down to the newly established BidCo that was set up to acquire Groundsure.
- Kate acts for a large syndicate of lenders in connection with A$1.6 billion facilities provided to carsales Limited under a common terms deed platform.
- Acted for Proprium Real Estate/Avid Property Group in connection with the syndicated financing of its acquisition of Villa World Limited via scheme of arrangement. The acquisition resulted in Avid Property Group becoming one of the biggest land developers in Australia.
- Acted for Emigrant Bank, a private US bank, in connection with its inaugural investment into Australia, an investment into Koda Capital (a financial services business) by means of an equity-linked loan.
- Acted for Onsite Rental Group Limited in connection with its unitranche term and super senior revolving facilities.
- Advised ATI on both its initial and subsequent $A and US$ Term Loan B raisings. The initial A$ transaction was the first ever stand-alone domestic Term Loan B deal for a corporate borrower which was both Australian-dollar denominated and also governed by Australian law.
- Acted for BW Ventures Limited in connection with several rounds of venture capital financing to BioGill Environmental Pty Ltd (including the issue of warrants and convertible loan notes).
- Acted for the Clean Energy Finance Corporation in relation to a term debt facility made available to Pro-Invest to develop Pro-Invest’s Holiday Inn Express in Melbourne Southbank, which was the CEFC's first investment in the hotel sector and positioned Pro-Invest as a finalist in the Urban Developer Awards (2019) for its leadership in ‘green’ design.
Insights
Media Release: Clayton Utz congratulates Blackstone on successful implementation of Crown Resorts scheme
24 Jun 2022 | Media Release
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Syndicated Facility Agreements and the section 128F public offer test exemption: The cornerstone investor
3 Mar 2022 | Article
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Media Release: Clayton Utz announces 1 January 2021 partner appointments
11 Dec 2020 | Media Release
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