WiseTech Global ISDA negotiation and documentation

Baker McKenzie has advised WiseTech Global (ASX:WTC), a leading developer and provider of software solutions to the logistics execution industry globally, on the negotiation and documentation of ISDA agreements in connection with its USD 3 billion (AUD 4.7 billion equivalent) debt financing supporting the acquisition of E2open Parent Holdings, Inc. (NYSE:ETWO) (e2open).

Founded in 2000, e2open is headquartered in Addison, Texas with operations in over 20 countries globally. e2open provides a connected supply chain software platform that enables companies to transform the way they make, move, and sell goods and services and connects more than 500,000 manufacturing, logistics, channel, and distribution partners as one multi-enterprise network tracking over 18 billion transactions annually.

The acquisition facility was structured as a syndicated debt facility comprising multiple tranches with staggered maturities of up to five years, providing funding and cost certainty while maintaining prudent liquidity and balance sheet flexibility. In connection with the entry into the facility, a panel of relationship banks entered into the bespoke ISDA documentation to support IR and FX derivative execution.

Baker McKenzie's structured finance and derivatives team was led by partner Hamish McComack, special counsel Teresa Ientile, and associates Stephanie Vesel and Difan Li.