Australia: Clayton Utz advises Origin Energy on A$500 million hybrid raising
Last Updated: 18 November 2011

Sydney, 17 November 2011: Clayton Utz has advised Origin Energy Limited on its A$500 million offer of hybrid notes to be listed on the ASX, announced to the market on 15 November.

Clayton Utz partner Stuart Byrne led the firm's team, with partners Graeme Gurney and Louise McCoach, together with senior associates Patricia Paton, Richard Knott, Stratos Karousos and Alex Chernishev. Clayton Utz's role follows that as adviser to Woolworths Limited on its current A$500 million offer of subordinated notes announced to the market on 18 October, with the same team acting on that transaction.

Origin's A$500 million offer is one of several raisings announced to the market this week on which Clayton Utz has advised. They include:

  • Pharmaxis Ltd's up to A$80 million pro rata accelerated non-renounceable entitlement offer, announced to the market on 16 November (advising the joint lead managers Merrill Lynch International (Australia) Ltd and Wilson HTM Corporate Finance Ltd; lead partner Stuart Byrne with support from lawyer Addison Ma);
  • Silver Lake Resources Limited's A$70 million institutional share placement, announced to the market on 16 November (advising the global lead manager; lead partner Stuart Byrne with support from senior associate Stratos Karousos), and;
  • Ramelius Resources Limited's A$40 million institutional share placement announced to the market on 7 November (advising the lead manager; lead partner Stuart Byrne with support from lawyer Cameron McCoy).

Mr Byrne said the recent offers demonstrated the depth and flexibility in Australian capital markets and continued interest from foreign investors, particularly in the US, in targeted sectors such as resources.

To print this article, all you need is to be registered on

Click to Login as an existing user or Register so you can print this article.

Some comments from our readers…
“The articles are extremely timely and highly applicable”
“I often find critical information not available elsewhere”
“As in-house counsel, Mondaq’s service is of great value”

Press Releases from this Firm
Recent Content from this Firm
By Peter Sise
By Brendan Bateman, Kristina Tomas
By Hannah Kimber, Stuart Byrne
By Brendan Bateman
By Dan Howard, Faith Taylor
By Mihkel Wilding, Noni Nelson, Naomi Zhang
By Fred Hawke, Nina Krys
By Brendan Bateman, Faith Taylor, Dan Howard
By Clayton Barrett, Andrew Hay, Sonia Goumenis
By John Carroll
Font Size: