July 15, 2022

Omni Bridgeway has established a A$250 million institutional debt facility. The facility has been used in part to redeem certain bonds and wholesale notes prior to their scheduled maturity. The facility also includes an additional commitment of A$102 million of debt capital to enable the company to optimise its medium-term capital management. The debt facility was provided by funds managed by Northleaf Capital Partners and Pacific Equity Partners. Law firm G + T advised on the financing, acting as lead counsel across eight jurisdictions.
CMS has published its European Class Actions Report 2022. It notes that 2021 saw a record high for the number of collective proceeding order (CPO) applications filed in the Competition Appeal Tribunal (CAT) in the UK. 85% were stand-alone claims - a marked change from 2016 to 2020 when the majority of claims filed were follow-on claims. Stand-alone claims are often seen as attractive for claimant law firms and funders in that regulatory scrutiny attracts attention from various potential claimants.

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