Financial and Debt Advisory
Successful refinancing executed at peak of COVID-19 market turbulence
Construction of the purpose-built Headquarters Joint Operations Command (HQJOC) facility was completed for the Australian Defence Force in 2008. Praeco Pty Ltd (Praeco) owns, operates and maintains HQJOC under a 30-year availability-based PPP arrangement with the Commonwealth Government of Australia.
Acton Advisory acted as Financial Adviser to IFM Investors, Infranexus Management and Praeco on the refinancing of bullet and amortising bonds maturing in 2020.
Acton Advisory remained flexible in adjusting the refinancing strategy and process to maintain execution certainty as COVID-19 negatively impacted liquidity and pricing at a critical point in the refinancing process. The bonds were successfully refinanced on the schedule maturity date.