Refinancings and high energy costs set to drive Australian restructurings in the year ahead

David Walter of A&O Shearman observes that 2026 Australian restructurings are likely to be driven by looming refinancing walls, elevated energy costs and grid constraints impacting renewables and energy-intensive manufacturers, alongside sponsor-backed maturities, with outcomes increasingly shaped by regulatory clearance, workforce liabilities and careful forum selection in cross-border cases involving New York or English law debt.