Asialaw Profiles
The Guide to the legal markets of the Asia-Pacific

Mayne Wetherell is “a top banking and finance firm, one of the best in New Zealand”, says one client. Renowned for “its very high standards in the practice”, the team has continued its “excellent banking and finance work”, says one client.

The team acted for Bank of New Zealand and Westpac in respect to the US$165.7 million standby facility for Combined Building Society. This unique transaction with Combined represents the merger of Marac Finance with Southern Cross Building Society and Canterbury Building Society.

Another deal highlight was acting for 2degrees, the new mobile telecommunications company in New Zealand, in relation to project financing to fund the expansion of its mobile network. The successful financing will allow 2degrees, which has quickly developed market share in the New Zealand mobile telecommunications market, to mount a strong challenge to the two large incumbents.

“Mayne Wetherell is starting to win significant projects off the back of the excellent reputation it has built in recent years for its commercial acumen,”,says one client.

The firm acted for the senior syndicate agent in relation to the debt for equity restructure of Yellow Pages Group. The most highly leveraged acquisition in Australasian history lasted 12 months, with senior creditors taking full ownership of the business.