Buddle Findlay acts on establishing a common terms deed for Tainui
24 February 2022
Buddle Findlay is delighted to have acted for the finance parties in establishing a secured common terms structure for TGH Property (TGH), the parent company of the newly-reorganised Tainui property division.
This structure is an enduring financing structure which provides TGH with flexibility to enter into a range of financing products now or in the future.
Lyndon Settle, general manager, finance and investments, TGH, praised the collaborative effort of the parties involved commenting "the support of the TGH business will enable us to execute on some significant projects that will have a lasting impact for our whaanau, iwi and community".
Raynor McMahon, executive director, Cube Credit, advisors to TGH said: " Cube Credit was pleased to act as debt advisor on this transformative financing arrangement that will unlock significant value for Waikato-Tainui."
Paul Farrugia, partner, said "Buddle Findlay is proud to work with the banks to support TGH in their kaitiaki role of protecting, growing and sustaining their tribal wealth for future generations".
The Buddle Findlay team who acted for the finance parties included Paul Farrugia, partner and Paul Appleyard and Nathan Hansen-Thorpe, senior associates. The Bell Gully team, who acted for TGH included David McPherson, partner and Sam Dykes, senior associate.