APM Human Services’ A$810 Million Debt Refinancing

Gilbert + Tobin acted for APM Human Services International Limited.

APM Human Services International Limited (ASX: APM) successfully completesd its debt refinancing.  

The Company has secured committed funding to refinance its Term Loan B debt facilities with A$ 810million syndicated multi-currency revolving corporate facility, which is the first Social Loan linked corporate debt facility in Australia in accordance with the Asia Pacific Loan Market Association’s Social Loan Principles and APM’s Social Loan Framework.

Current net debt is approximately A$450 million with approximately A$360 million of liquidity available post financial close.

Skye Capital Advisory acted as debt advisors to APM. Completion of the refinancing is expected to occur in mid-July.

APM was founded by Megan Wynne in 1994, and now operates in 11 countries offering a broad range of services focused on enhancing an individual’s employability, health & wellbeing, and social and economic participation in the community.

The G+T team was led by partner and Head of Banking, Gail Christopher (Picture), supported by a team of lawyers comprising Michael Spurritt, Callum Hinwood, Kim Nguyen and Emily Donaldson.

Involved fees earner: Gail Christopher – Gilbert + Tobin; Callum Hinwood – Gilbert + Tobin; Kim Nguyen – Gilbert + Tobin; Michael Spurritt – Gilbert + Tobin;

Law Firms: Gilbert + Tobin;

Clients: APM Human Services International Limited ;

Sonia Carcano

Author: Sonia Carcano