18 05 2016

Peet Limited’s $75 Million Bonds Offering

Gilbert + Tobin has advised National Australia Bank Limited (NAB) , as sole arranger and lead manager, on Peet Limited’s (Peet) $75 million offer of simple corporate bonds


Peet Limited is a property development company that focuses on the residential housing sector. The company, led by Brendan David Gore, Brett Fullarton, Peter James Dumas and Dom Scafetta, is based in Perth. The offer of simple corporate bonds by Peet is only the second of its type in Australia, following the introduction of new legislation introduced to streamline retail debt issues. The bonds will be fixed interest, unsubordinated and unsecured debt obligations of Peet, due to mature in 2021 (unless redeemed earlier). The proceeds of the bond issue will be used to refinance Peet’s existing 2011 convertible notes, to diversity Peet’s debt capital structure and to support its future growth objectives.   The Gilbert + Tobin deal team was led by Banking and Infrastructure partner Duncan McGrath (Picture), working with Corporate Advisory partner Adam D’Andreti. Duncan and Adam were supported by lawyers Jamieson Doyle-Taylor and Lucy Hall. Involved fees earner: Duncan McGrath - Gilbert & Tobin; Adam D’Andreti - Gilbert & Tobin; Jamieson Doyle-Taylor - Gilbert & Tobin; Lucy Hall - Gilbert & Tobin;

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