Partnered to structure a A$190 million facility for the equipment company to refinance its existing debt.

In September 2021, Gordon Brothers, in partnership with global financial services group Nomura and in coordination with investment firm OCP Asia, structured, arranged and participated in a A$190 million syndicated facility to support Australian heavy earthmoving equipment company National Group with the refinancing of its existing debt facilities.

National Group comprises leading companies from the mining, resources, transport and logistics industries. The company is a leading supplier of large and extra-large, including ultra-class, heavy earthmoving and ancillary equipment for the Australian mining industry.

Our firm provided A$30 million of the total A$190 million three-year, tailor-made syndicated term loan. The Valuations team provided an independent appraisal of 250 assets to syndicate lenders and the full facility was secured against the plant and equipment and accounts receivables.

Additionally, we were appointed as valuer for the syndicate lenders and will conduct annual equipment appraisals. Additionally, our firm is the equipment collateral monitoring agent and asset remarketing agent for the term of the facility.

We performed multiple roles within a short period to support the syndicate lenders, demonstrating speed and flexibility and further strengthening our existing relationship with Nomura. In addition to funding the debt refinancing, the facility enabled National Group to unlock capital and support its growth ambitions and ongoing operational requirements.