IFLR1000

BIS Industries Group A$820 million restructuring

25/9/2015
Financial restructuring
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A$ 820 million

Completed

25/9/2015

Overview:

  • BIS Industries Group has undergone a A$820 million debt restructuring.
  • The borrower is a provider of specialised logistics and materials handling solutions.
  • BIS Industries was acquired by KKR in 2007 and the original acquisition debt financing was fully refinanced in 2013.  
  • Due to recent volatility in commodity prices in the resource sector, KKR was looking to restructure its existing senior secured financing to accommodate a maturity date extension.

Katrin Kostadinova - Data analyst 

Jurisdictions:

Australia
Indonesia
Singapore

Deal type:

Financial restructuring

Practice area:

Banking

Governing laws:

Indonesia
Australia

Industry sector:

Logistics

Firm:
Ashurst

Party: UBS (Facility agent)

Party: ANZ (Lender)

Party: Bank of America Merrill Lynch (Lender)

Party: CBA (Lender)

Party: Goldman Sachs (Lender)

Party: Mizuho Bank (Lender)

Party: National Australia Bank - NAB (Lender)

Party: SMBC (Lender)

Party: UBS (Lender)

Party: Aozora Bank (Lender)

Party: BNP Paribas (Lender)

Party: Deutsche Bank (Lender)

Party: KGI Bank (Lender)

Party: Dixon (Lender)

Party: Taiwan Business Bank (Lender)

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