Private Credit 2025

AUSTRALIA Law and Practice Contributed by: Alastair Gourlay, Lewis Grimm, Joanne Dwyer and Kathryn Sutherland-Smith, Jones Day

Jones Day has an Australia-based private credit team that advises on Australian, New York and English law and on a range of financ - ing arrangements for borrowers, financiers and sponsors. Jones Day’s Private Credit advice encompasses every stage of the debt cycle – from structuring and documentation of initial terms, to advising on complex restructurings,

standstills, and “amend and extends”, through to advising on safe harbour, enforcement, and insolvency/near-insolvency scenarios. Within a global firm of 2,400 lawyers in 40 offices across five continents, the five partners, three of coun - sels and four associates that make up the firm’s Australia-based private credit team often advise on complex cross-border matters.

Authors

Alastair Gourlay is a Financial Markets partner and has over 20 years’ experience representing

Lewis Grimm is a Financial Markets partner and has over two decades of leveraged finance experience working on marquee deals in New York, Europe, and Australia. He

financial institutions, private credit funds and sponsors on cross-border leveraged finance and private credit transactions. In recent years, he has advised on various term loan B and unitranche acquisition financing facilities, including EQT’s acquisition of the Icon Group and TPG’s acquisition of Invocare. Alastair is ranked in the 2025 edition of Chambers Asia-Pacific for both Acquisition Finance and Corporate Finance, and is a committee member of the Asia Pacific Loan Markets Association and the Funds Finance Association.

represents financial institutions, direct and institutional lenders, and corporate borrowers on cutting-edge domestic and cross-border leveraged and investment-grade lending and high yield transactions, as well as high-profile restructuring and bankruptcy matters. Lewis’ high-profile deals include assisting the majority term-loan lenders in the restructuring of the US facility agreement of Atlas Iron through an Australian creditors’ scheme of arrangement.

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