Ropes & Gray has provided legal counsel to InfraBuild, an Australian steel manufacturing, distribution, and recycling company. The firm assisted in a transaction involving consent solicitation from holders of its 14.500% Notes due 2028. A significant majority of noteholders voted in favor of granting greater flexibility and liquidity to InfraBuild.
The transaction also included the issuance of an additional $150 million in 14.500% Notes due 2028. This development is expected to allow InfraBuild to invest further in growth and innovation. The company aims to strengthen its position as Australia’s leading sustainable steel provider and a key partner for the building, construction, and engineering sectors.
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.
