Buddle Findlay is pleased to have acted for Aotea Asset Management (as exclusive lead arranger, underwriter and lender) and ASB Bank (as lender) in connection with its successful debt refinancing of the InterGroup group. InterGroup is a leading provider of critical infrastructure, industrial, waste, and coating services to a range of corporate and government customers, with a national footprint across New Zealand. The debt refinancing helped optimise InterGroup’s capital structure and position the group for future growth.
The Buddle Findlay team was led by partner Paul Farrugia and included senior solicitor Seamus Barnett and solicitor Ness Scully. The InterGroup team were represented by Steve Gallaugher and Aminder Patwalia, from MinterEllisonRuddWatts.
InterGroup’s CEO Byron Hill complimented the deal teams, saying: “It’s great to work with advisors who work collaboratively and commercially to deliver an excellent outcome for InterGroup.”
Aotea Asset Management’s Will Carnachan also commented: “We’re thrilled to be working alongside ASB to support InterGroup, a key player in the New Zealand industrial services sector, with a funding package that will help the company achieve its growth objectives. This refinancing is a testament to InterGroup’s strong operational foundation and leading market position in the maintenance of essential infrastructure.”
