Debt facility financing agreement for regional bank
Piper Alderman advised Bendigo Bank in relation to a provision of a new debt facility to Adelaide Football Club, which will ensure it can maintain its financial independence well into the future.
Bendigo and Adelaide Bank Ltd (ASX: BEN) (Bendigo Bank) is one of Australia’s largest banks, with over 2 million customers, 100,000 shareholders, 7000 employees and gross assets under management in excess of $76 billion.
Piper Alderman advised Bendigo Bank in relation to the provision of a new debt facility to the Adelaide Football Club, which would ensure it can maintain its financial independence well into the future. As the Adelaide Football Club’s trusted official banking partner, Bendigo Bank worked with the Club and Piper Alderman to deliver a new financial package to enable it to take charge of its future and manage its way through this challenging period with the Bank by its side.
Piper Alderman was involved in all aspects of the deal and provided significant guidance to both Bendigo Bank and the Club. Working collaboratively with all stakeholders under time constraints, we provided the expertise needed to document the loan agreement. Piper Alderman’s involvement in this new deal demonstrates our shared community values and commitment to contributing to matters that are important to our state.
What our client said:
Bruce Speirs, Executive Business Banking, Bendigo Bank, said:
“On behalf of the Bank, I’d like to thank the whole team at Piper Alderman for its professional advice and guidance throughout the process, and for assisting both parties reach a mutually beneficial agreement.”