Perth Stadium Refinancing (2018)

Mandated by Westadium Project Co Pty Ltd and equity sponsors John Laing Group plc and Aberdeen Standard Investments to refinance the Perth Stadium PPP Project. Tetris Capital leveraged its extensive network of financiers and investigated a range of financing products including local/international bank debt, superannuation funds, insurance company investors, and the USPP bond market. In August 2018, Tetris Capital successfully refinanced circa $400M of debt with a mix of local and international lenders at some of the most competitive terms seen on a PPP Asset within Australia.

The process required a significant amount of legal and financial analysis, and was complicated by the fact that the Project had only recently commenced operations. Through close collaboration between all parties, including the Western Australian Government, the refinancing achieved an outstanding result for investors and the broader WA community.

Perth Stadium is a 60,000 seat multi-purpose venue (3rd largest in Australia) located approximately 4km west of the Perth CBD. The contract for the Project was awarded in August 2014, and the facility commenced operations in January 2018.