31 Oct New Era Lawyers advises on $70 million capital raising
New Era Lawyers recently advised public company, Investors Central on a $70 million capital raising. The capital raising involved the offer of $70 million of debt securities to investors under two separate prospectuses.
This is the largest capital raising completed by an Australian law firm which is not based in a capital city and demonstrates that this type of work is not solely the province of the large international legal practices.
Investors Central is the parent company of Finance One, a non-bank lender with a loan book currently valued at more than $120 million.
Finance One specialises in consumer motor vehicle loans but has recently expanded into commercial motor vehicle loans. Finance One is also planning to release new commercial and personal lending products during the 2018/19 financial year.
Investors Central and Finance One are long standing clients of New Era Lawyers. In addition to capital raising advice, we also advise Finance One on its lending documentation, credit licensing issues and more generally in relation to compliance with the National Consumer Credit Protection Act.