King & Wood Mallesons is advising Australian mass transit company Kinetic on $2.2 billion in financing arrangements, while Allen & Overy and Allens is advising the lenders.

Kinetic, an operator of mass transit systems in Australia, New Zealand, the U.K., and Europe, has raised $2.2 billion to fund its net-zero ambitions. It is owned by Canadian pension fund OPTrust and investment manager Foresight Group.