IMF Bentham Limited (“IMF”) is a market leader in the dispute resolution industry and a major diversified global dispute resolution funding platform. IMF is listed on the Australian Securities Exchange (ASX: IMF) with a market capitalisation in excess of A$1bn as at 31 December 2019
For further details view the full company announcement (PDF)
Following IMF’s original FIIG-arranged note issue in 2016, FIIG Debt Capital Markets has arranged a new $72m, 6 year secured note issue to refinance the maturing note. The new note issue provides IMF with long term capital to facilitate its growth objectives.
IMF is the latest corporate to return to the bond market through FIIG Securities following recent issuances from Sunland ($50m), Elanor Wildlife Fund ($25m), Visionfund ($20m), Stockwell ($50m), Workpac ($30m), SCT Logistics ($100m) and Amour Energy ($55m). FIIG has provided a range of funding solutions across different sectors, which have benefited companies by:
- providing funding diversification to refinance and/or complement existing funding lines;
- providing growth funding for capital expenditure and acquisitions; and
- optimising the capital structure through extending maturities, fixed or floating rates, and secured and unsecured funding structures.