Deal Profile | Gadens advises Study Loans on new debt facility and capital raise

Gadens has advised Study Loans in respect of its $50 million debt facility with Alceon and $6 million equity raise.

Study Loans, which is backed by the Simonds Family Office, provides unique, tailored funding solutions to education providers, enabling them to grow enrolments and address challenges in the sector. The loan facility will allow Study Loans to support more education providers and their students and continue to grow their portfolio.

Commenting on the successful transaction, partner Elliot Raleigh said:

“We are pleased to have advised Study Loans on the debt facility and capital raise. This provides an excellent opportunity for Study Loans to continue to grow and to support education providers and their students on their path to further education.”

Deal value: $50 million debt facility / $6 million capital raise.

Practice groups involved: Banking and Finance / Corporate

Key team members: Partner Elliot Raleigh led on the debt financing aspects of the transaction, with support from Clive Robért (Lawyer). Partner Jol Rogers led on the equity raise with support from Melissa Phillips (Special Counsel) and Steve Wambeek (Senior Associate).