Adrianne Reid

Assisting New Zealand Green Investment Finance Limited (NZGIF), the green investment bank established by the Government to accelerate investment to enable New Zealand’s low carbon future, with its debt and equity investment transactions. This included a combined debt and equity investment in low emissions vehicle advisory and financing business Carbn Group, and a mezzanine debt facility provided to ‘solar-as-a-service’ provider solarZero.

Appointed by The Treasury to assist with the Business Finance Guarantee Scheme (BFGS), a key component of the Government’s COVID-19 support package.  The BFGS provides for up to NZD6.25 billion of Government supported loans to be made by participating banks, and was implemented following negotiation with New Zealand’s major trading banks in a matter of weeks during the 2020 Level 4 lockdown.

Key legal advisor to The Treasury on this high profile and highly sensitive matter relating to the Tiwai smelter, a significant regional employer with material impacts on New Zealand’s electricity infrastructure. We provided advice on options for structuring any potential deals, the commercial terms of potential deals, negotiating with the owners, and Government rights with regard to environmental remediation.

Advising the Ministry of Business, Innovation and Employment and The Treasury on the Government’s funding of NZ Post.  This took the form of a NZD130 million services contract to support the continued provision of mail services in the face of a changing mail environment, and an equity injection of up to NZD150 million to strengthen NZ Post’s position in response to COVID-19.

Acted for TAB New Zealand to negotiate with The Treasury and the Department of Internal Affairs regarding financial support provided by the Crown in response to the impacts of COVID-19 on TAB New Zealand’s business. Successfully agreed and documented a NZD50 million financial support agreement between TAB New Zealand and the Crown, which allowed TAB New Zealand to continue to operate.

Primary legal advisor regarding the design and structure of Kāinga Ora’s progressive home ownership scheme, as well as its funding arrangements with the Ministry of Housing and Urban Development.