Ropes & Gray Advises InfraBuild on Consent Solicitation and Additional $150 Million Note Issuance

Ropes & Gray has advised InfraBuild, Australia’s only fully vertically-integrated steel manufacturing, distribution and recycling business, on a transaction seeking consents from the holders of its 14.500% Notes due 2028, with a significant majority of noteholders voting in favour of providing greater flexibility and liquidity for InfraBuild. The transaction also included the issuance of an additional $150 million of InfraBuild’s 14.500% Notes due 2028.

The outcome of the transaction allows InfraBuild to invest in growth and innovation, positioning itself as Australia’s leading sustainable steel company and a key partner to the country’s building, construction and engineering industries.

The Ropes & Gray team was led by finance partner Michael Kazakevich and counsel Alexandru Mocanu with support from associates Clara Melly, Alma Yasin and Anushka Shah. Additional support was provided by litigation & enforcement partners David Hennes and Lisa Bebchick, counsel Casey Lee, and associate Deanna Beck, restructuring partners Ryan Preston Dahl, Daniel Gwen and Cristine Schwarzman, and associate Lucas Brown, tax partner David Saltzman, counsel Ariella Mutchler and Sara Clevering, and associate Michelle Perry, and finance associate Alice Sun.