KatieHiggins

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Sydney + 61.2.8272.0531

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Katie Higgins has extensive experience advising companies, financiers, insolvency practitioners, investors, and directors on restructuring and insolvency matters. She also advises companies and financiers on a wide variety of debt and structured capital markets transactions. Katie is consistently recognized as a leading insolvency, restructuring, and finance lawyer by legal directories.

Some of Katie's recent transactions include acting for the largest single creditor in the Virgin Australia administration; a large medical imaging diagnostics company in the restructuring of a A$260 million facility provided by Dignari Capital; the administrators of Topshop/Topman, Payless Shoes, and American Apparel; the Insurance Commission of Western Australia in the $1.8 billion settlement of the Bell Group liquidation proceedings; Electricite de France in relation to the Paladin Energy administration; Peabody Energy Corporation in the Australian aspects of its U.S. chapter 11 filing and financing associated with its emergence from chapter 11; a major investor and financier in the administration of Aussie Farmers Group; and a key shipper and owner of WICET (Wiggins Island Coal Export Terminal) in the 2018 restructure of WICET's senior debt facilities.

Katie's recent transactions also involve a number of debt financing matters, including acting for Hornblower Group in the financing of its acquisition of Australia's leading experiential travel group, Journey Beyond; Ansarada in various pre-listing convertible note rounds; Coronado Global Resources in acquisition financing provided in connection with its $700 million acquisition of Curragh mine and the 2021 refinancing of its facilities with US$350 million high yield bonds and US$100 milllion asset-backed loan; and Peabody in its US$250 million receivables finance facility with PNC Bank.

Expérience

  • Journey Beyond Group obtains A$495 million financingJones Day advised the Journey Beyond Group on a A$495 million syndicated facility, arranged and underwritten by Jefferies Finance LLC.
  • Intelligent Monitoring Group acquires Adeva Home Solutions, ACG Integration and AAG and completes associated equity raiseJones Day advised Intelligent Monitoring Group Ltd in connection with the acquisitions of three separate security businesses known as Adeva Home Solutions, ACG and AAG and also advised on an associated AU$20 million capital raising by placement of ordinary shares to eligible institutional and sophisticated investors to fund the acquisitions.
  • Journey Beyond acquired by Crestview AdvisorsJones Day advised Journey Beyond Group in relation to the acquisition of the Journey Beyond Group by Crestview Advisors, LLC. and its affiliated funds (Crestview) from the Hornblower Group as a component of the financial restructuring of Hornblower Group and certain of its subsidiaries via a Chapter 11 process.
  • Receivables financier provides AU$100 million debtor finance facility to Slade Health SPVJones Day advised a receivables financier in connection with a AU$100 million secured debtor finance facility to a special purpose subsidiary of Slade Health, a supplier of pharmaceutical compounding services.
  • Mayur Resources obtains US$155 million financing to complete Central Lime ProjectJones Day advised Mayur Resources Limited on the debt financing agreements with Appian Capital Advisory LLP and combined equity funding from Vision Blue Resources, a clean energy battery metals transition investment vehicle led by Sir Mick Davis, for a total of approximately US$155 million to complete the Central Lime Project.
  • Direct lender provides $87 million senior secured credit facility to large private equity-backed provider of medical supplies to companies in commercial cruise and shipping industriesJones Day advised a direct lender, as administrative agent, collateral agent, sole lead arranger, and lender, in connection with a $87 million senior secured credit facility provided to a large private equity sponsored company that provides medical supplies to companies in the commercial cruise and shipping industries.
  • Newell Brands amends $1 billion revolving credit facilityJones Day represented Newell Brands Inc. (“Newell”), a leading consumer products company, in connection with the amendment restructuring its existing revolving credit facility.
  • Peabody Energy obtains $320 million revolving credit facilityJones Day represented Peabody Energy Corporation in connection with the establishment of a $320 million revolving credit facility with PNC Bank, National Association, as administrative agent.
  • SingTel sells Trustwave to The Chertoff GroupJones Day represented Singapore Telecommunications Limited, southeast Asia’s largest telecommunications company, in the sale of Trustwave, a cyber security and managed security services business, to funds affiliated with The Chertoff Group for $205 million. In connection with the sale of Trustwave, Jones Day represented SingTel, as lender, in connection with a unique $195 million senior secured term loan and $40 million unsecured multiple draw term loan facility provided to Trustwave.
  • Coronado Global Resources completes US$150 million financingJones Day represented Coronado Global Resources, Inc. in connection with the replacement of its existing US$100 million asset-based lending facility maturing in May 2024 with a new US$150 million asset-based lending facility maturing in May 2026.
  • Intelligent Monitoring Group acquires ADT security businessJones Day advised ASX-listed Intelligent Monitoring Group Ltd on its A$45 million acquisition of the ADT security monitoring business in Australia and New Zealand (through the acquisition of Tyco Australia Group Pty Ltd) and the associated A$80 million acquisition finance facility and A$17 million equity raising undertaken by accelerated entitlement offer and a top-up placement.
  • Stellex completes buyout of David Brown Santasalo GroupJones Day advised Stellex Capital Management LLC on its buyout of DB Santasalo S.à r.l from N4 Partners.
  • Marelli Group first-ever use of simplified rehabilitation proceedings in Japan to cram-down creditorsJones Day represented Marelli Holdings Co., Ltd. in the restructuring of its US$7 billion senior debt facilities, which included the coordination and implementation of a sponsor selection process, an out-of-court Turnaround ADR process, and the first-ever use of simplified rehabilitation proceedings in Japan to cram-down creditors, and the subsequent implementation and documentation of its restructured financing arrangements across sixteen different jurisdictions outside Japan.
  • Direct lender provides $100 million term loan facility to designer and developer of enterprise softwareJones Day advised a direct lender, as administrative agent, collateral agent, and sole lead arranger, in connection with a $80 million senior secured term loan facility and $20 million senior secured delayed draw term loan facility provided to a designer and developer of enterprise software, the proceeds of which were used, in part, to finance the acquisition of a data technology provider.
  • KeyBank amends and restates $250 million secured revolving credit facility for cloud infrastructure providerJones Day represented KeyBank National Association, as administrative agent, in connection with an amended and restated $250 million secured revolving credit facility provided to a cloud infrastructure provider.
  • OakNorth finances management buyout of Mr Fothergill's SeedsJones Day advised OakNorth Bank plc in connection with its financing of the management buyout of UK-based horticulture company, Mr Fothergill's Seeds by Harwood Private Capital.
  • Hornblower Group acquires Journey BeyondJones Day advised Hornblower Group, Inc. in its acquisition of Australia's leading experiential travel group, Journey Beyond.
  • Beforepay completes A$35 million IPO on ASXJones Day advised Beforepay Group Limited, a leading provider of Pay on Demand services in Australia, in connection with its A$35 million initial public offering on the ASX.
  • Coronado Global Resources completes US$550 million in combined financingJones Day represented Coronado Global Resources Inc., in connection with (i) an offering of US$350 million aggregate principal amount of 10.750% Senior Secured Notes due 2026, (ii) a secured asset-based revolving credit agreement in an initial aggregate principal amount of US$100 million, and (iii) an offering of US$100 million aggregate principal amount of shares of its Common Stock in the form of CHESS Depositary Interests, which are listed on the Australian Stock Exchange.
  • Pepper Global restructures corporate groupJones Day advised Pepper Global, a leading diversified global loan servicer and lender, on a major restructure of its corporate group.
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    March 2024 Alert

    Singapore Court Issues Landmark Decision Recognizing Indonesian Restructuring Plan

    March 2024 Newsletters

    Business Restructuring Review Vol. 23 No. 2 | March–April 2024

    May 2023 Commentary

    Pay Now, Argue Later—Even if the Contractor is Going Bust: The NSW Security of Payment Regime and Distressed Contractors

    March 2023 Commentary

    Australian High Court: No Statutory Set-Off Against Unfair Preference Claims

    March 2023 Commentary

    Stick to the Statute: No "Peaking" Around in Australia

    August 2022 White Paper

    An Update on Insolvency in the Australian Construction Industry

    January 2022 Commentary

    Set Aside: Australian Creditors Unable to Rely on Statutory Set-Offs to Defend Unfair Preference Claims

    October 2021 Commentary

    Australia Introduces the Offshore Electricity Infrastructure Bill 2021

    July 2021 Commentary

    After a Peak Comes the Fall: Australian Federal Court Rejects "Peak Indebtedness Rule"

    March 2021 Newsletters

    Business Restructuring Review | March–April 2021
    Voir toutes les publications

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