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Chapman Tripp is pleased to have advised Infratil on its $1.15 billion equity raising to help fund growth across its global portfolio.
The equity raising comprises an underwritten $1bn placement, which will be followed by an approximately $150m non-underwritten retail offer. The transaction is one of the largest secondary equity raisings in New Zealand's history and will allow Infratil to continue to fund the accelerating growth of its data centre platform CDC, as well as its other renewables, digital and healthcare platforms.
Jason Boyes, Infratil CEO said, “The NZ$1,150 million we are raising today will not only support the CDC team to address this growth, but also strengthens our ability to expand our renewables, digital and healthcare platforms. This additional capital, combined with the significant growth opportunities ahead, makes it an exciting time to be an Infratil shareholder.”
The Chapman Tripp team was led by partner Josh Blackmore with support from senior associates Tom Jemson and Julia Carrington, solicitor Hye-Song Goo and law clerk Josef Strauss.
Josh Blackmore said, “We are proud to have supported Infratil on this significant capital raising focussed on growth, continuing our role for Infratil on previous capital raisings in 2019, 2022 and 2023.”
Russell McVeagh acted for the underwriters. Baker McKenzie and Sidley Austin advised Infratil on the international aspects of the capital raising.
