Thomson Geer is advising listed Australian technology company Qoria Limited (ASX:QOR) on a A$30 million debt facility provided by London-based debt provider AshGrove Capital.
Qoria (formerly Family Zone Cyber Safety Limited) is the only global provider of digital safety and student wellbeing solutions. Qoria's innovative integrated suite of best-in-class tools supports the needs of both schools and parents and enables a unique collaboration between them. The debt facility allows Qoria to consolidate its balance sheet, manage repayment of convertible notes and provides flexibility to invest in organic growth initiatives, cost out measures and/or acquisitions. Due to the global nature of Qoria's business, the transaction required extensive coordination and collaboration across a range of jurisdictions.
The Thomson Geer team worked with Macfarlanes in the UK, Uría Menéndez in Spain, Gibson Dunn in the United States and Anderson Lloyd in New Zealand. The team consisted of Partners Hedley Roost and Nicholas Creed, Special Counsel Elize Conway, Associates Lawrence Ward and David Thomas, and Lawyers Steven Boughton, Richard Gamayunov.