March 2005
Inexus Group (Holdings) Limited
Inexus refinanced its secured indebtedness achieving a significant increase in the quantum of debt and providing the opportunity for a significant return of capital to shareholders. The replacement debt was a bridge to a securitisation. Ultimately the debt was repaid when Inexus was sold in September 2005.
As exclusive financial advisor Canaccord Genuity assisted the company in developing a detailed corporate model which was the basis of the refinancing. Canaccord Genuity conducted an auction between different potential debt providers and assisted the company in negotiating the detailed terms of the new financial arrangements.