Andrew Brereton

Key recent matters

• Advising Apollo in relation to the acquisition, financing, and subsequent disposal of IGT Systems
• Advising CarVal in relation to the acquisition and financing of an integrated development in the Philippines
• Advising Cerberus in relation to the acquisition and financing of a strategic infrastructure asset in the Philippines
• Advising the liquidators of Hyflux

Leveraged and acquisition financing

• Advising Batavia Oil in connection with the financing of its acquisition of Perenco Rang Dong Limited which owns a key production sharing contract in offshore Vietnam
• Advising Greenko Ventures Limited in relation to a US$980 million strategic sale of warrants and shares in Greenko Energy to Orix Corporation
• Advising the lenders on the financing of the acquisition of a stake in India's largest landfill mining company
• Advising a renewable energy client on the financing for its proposed acquisition of a US geothermal business
• Advising AION in relation to the financing for its acquisition of Interglobe Techologies Limited in India and the Philippines
• Advising the Star Energy, Ayala and EGCO consortium in relation to the US$1.25 billion financing for the acquisition of Chevron’s Indonesian geothermal assets
• Advising the lead arrangers in relation to the financing for the acquisition of Global Logistics Properties
• Advising the lenders in relation to the financing for the acquisition by Lam Champion of shares in Thanh Thanh Cong Education Joint Stock Company in Vietnam
• Advising the lenders in relation to the financing for the take-private of OSIM and subsequent refinancing
• Advising the lenders in relation to the financing for the acquisition by Warburg Pincus of a minority holding in Computer Age Financial Services Pvt Ltd
• Advising the lenders in relation to the financing for the acquisition by Chrys Capital of a minority holding in Mankind Pharma Limited
• Advising Dynapack Asia in relation to the financing for its acquisition of King Plastic Pte Ltd and K-Plastic Industries Sdn Bhd
• Advising the lenders in relation to the US$50 million financing for the acquisition by Warburg Pincus of 14% of the shares in PVR Limited
• Advising the senior lenders in relation to the US$192,500,000 senior conventional loan facility, RM430,000,000 Master Murabaha Facility and US$135,000,000 junior conventional loan facility in connection with a subscription for shares in Air Asia Berhad

Structured Lending

• Advising Apollo in connection with its investment by way of redeemable preference shared into Global Schools Group
• Advising Princeton Digital Group in respect of a S$70 million financing related to the expansion of its data centre assets in Singapore
• Advising Clifford Capital in relation to a US$100 million super senior revolving credit facility in connection with the restructuring of Floatel International
• Advising the lenders in relation to a US$100 million facility for one of Philippine’s largest multinational food and beverage companies
• Advised Bumi Armada on its US$64.3 million secured term loan facility with ING Singapore and related interest rate hedging arrangements
• Advised a number of borrowers and lenders in relation to share-backed financings secured against shares listed on the Indonesian, Australian and Philippines stock exchanges
• Advising a credit fund on a mezzanine financing for the promoters of an Indian solar business
• Advising a credit fund in relation to a second-lien financing for an Asian food and beverage business
• Advising MUFG in relation to a US$150 million financing for an Indonesian mining company
• Advising an investment bank in relation to a structured financing to fund the international investments of a Pakistan-based company, including related credit support and funding arrangements
• Advising a US credit fund in relation to a mezzanine financing for a leading regional education provider
• Advising an investment bank in relation to a share-backed financing for the holding company of an Indonesian mining business
• Advising an investment bank in relation to a series of secured financings for an international real estate investor
• Advising an international credit fund in relation to a structured financing for a regional telecommunications company
• Advising an investment bank in relation to a share-backed financing relating to a Hong Kong listed company for Junson Development
• Advising an investment bank on a structured debt co-investment in an Indonesian retail real estate developer alongside a private equity sponsor
• Advising a US credit fund in relation to a mezzanine financing for an Asian group in the food and beverage sector
• Advising an investment bank in relation to a financing for Sri Lankan Airlines backed by IATA receivables
• Advising the lenders in relation to a financing for the Pakistan Water and Power Development authority, supported by partial guarantees from both the Government of Pakistan and the International Development Association of the World Bank

Fund Financing

• Advising the lenders in relation to a $100m capital call facility for OCP Asia Fund III (SF 1) Pte Limited
• Advising the lenders in relation to a US$50 million capital call facility for Orchard Landmark
• Advising a private equity fund manager specialising in the oil & gas sector on its capital call financing arrangements
• Advising the lenders in relation to a US$40 million portfolio financing facility for Koi Structured Credit Pte. Ltd.
• Advising the lenders in relation to a US$150 million portfolio financing facility for OL Master Limited
• Advising the lenders on a revolving capital call facility for Prime Property Fund Asia Limited Partnership
• Advising the lenders in relation to a US$85 million capital call facility to Everstone Capital Partners III LP
• Advising the lenders in relation to a capital call facility for IndoSpace Logistics Parks II LP
• Advising the lenders in relation to a US$125 million capital call facility for Baring India Private Equity Fund III Limited and Baring India Private Equity Fund III Listed Limited

Restructuring and Insolvency

• Advising Clifford Capital in relation to a US$100 million super senior revolving credit facility in connection with the restructuring of Floatel International
• Advising MMI in relation to its US$358 million debt restructuring
• Advising Bumi Armada Berhad in relation to its US$660 million debt restructuring
• Advising a lender in relation to various exposures to Hyflux and its subsidiaries
• Advising the largest shareholder in relation to the restructuring of Madagascar Oil
• Advising a Singapore-listed upstream oil & gas group in connection with the restructuring of its entire capital structure and various related arrangements
• Advising the facility agent and the lenders under a reserve-based financing for the owner of a working interest in an Indonesian PSC in connection with the restructuring/ rescheduling of its financing arrangements
• Advising an international financial institution on the disposal of a portfolio of distressed loans and other investments
• Advising the informal steering committee of lenders under the US$222 million facilities agreement for the Maxpower group (a gas-to-power specialist with operations in Indonesia and Myanmar) in connection with the restructuring/ rescheduling of its financing arrangements
• Advising an international commercial bank on various exposures to Aavanti Industries Pte Ltd and Ruchi Soya Industries Limited
• Advising the liquidators of OW Bunkers Far East in the liquidation of one of the largest bunker supply companies in the world
• Advising the lenders in relation to the closeout and enforcement of various advance payment financings
• Advising two syndicates of lenders in relation to the restructuring of PT Bumi Resources Tbk
• Advising the lenders in relation to the US$600 million debt restructuring of Bukit Makmur Mandiri Utama
• Advising two syndicates of lenders in relation to the restructuring of US$250 million of external commercial borrowings of Jindal Stainless Limited
• Advising the agent and the lenders in relation to the restructuring of Continental Chemicals, a petrochemicals company operating in seven Asian countries

Trade Finance

• Advising a bank in relation to a prepayment transaction to a multi-metal company producing nickel, zinc, cobalt and copper at its mine and metals production plant located in Sotkamo, Finland
• Advising a lender in relation to an innovative working capital financing for a Malaysian refinery
• Advising a bank in relation to a prepayment transaction with Reliance and related sub-participation arrangements
• Advising an investment bank in relation to a trade finance facility for Triumph Metals & Minerals
• Advising an international bank in relation to its advance payment and supply arrangements with various Indian commodity exporters, and related funded participation arrangements
• Advising the lenders in relation to a receivables financing for a leading international commodity trading group
• Advising a leading international trading company in relation to advance payment and supply arrangements with an Indian oil exporter and related funding arrangements
• Advising various banks in relation to the financing arrangements relating to a number of advance payment facilities
• Advising a leading global supplier of telecoms equipment in relation to its receivables financings
• Advising RZB-Austria, Singapore Branch, in relation to a US$150 million working capital facility for Thai Copper Industries PCL. RZB-Austria provided import LC issuance and inventory finance facilities, delivering essential working capital for the import of copper concentrate for TCI

Project Finance

• Advised PT Armada Gema Nusantara (a joint venture between Bumi Armada and Shapoorji Pallonji) on its US$231.9m secured Shariah-compliant financing of its FPSO “Karapan Armada Sterling III”, located in offshore Indonesia
• Advising the lenders in relation to the financing of the Pertama ferroalloy smelter project in Samalaju, Malaysia
• Advising the commercial lenders on the financing of the Phu My 2.2 power project in Vietnam, which involved ADB, IDA, JBIC and PROPARCO and was awarded Best Project Finance Deal of the Year in Asia by AsiaMoney and FinanceAsia
• Advising the commercial lenders on the US EXIM and COFACE backed financing of the iPSTAR satellite for Shin Satellite Public Co., Ltd., which was named Asia-Pacific Telecom Deal of the Year by Project Finance International
• Advising the borrower, Star Petroleum Refining Company Limited (a Thai joint venture between Chevron Texaco and PTT) in relation to its US$1.3 billion financing arrangements involving JBIC, IFC and Thai and international commercial lenders
• Advising the sponsors, EdF, EGCO and Italian-Thai Development in relation to the financing of the Nam Theun II hydropower project in Laos, involving ADB, IDA, MIGA, AFD, NIB, PROPARCO, COFACE, EIB, and Thai and International commercial lenders

Reserve-based Lending

• Advising Kris Energy in relation to its reserve-based working capital facilities
• Advising Standard Bank in relation to a US$61.25 million term and revolving credit facilities for Risco Energy to finance three separate acquisitions across several jurisdictions, involving a reserve based financing with the borrowing base being calculated by reference to the oil reserves of the targets
• Advising Salamander in relation to a US$140 million acquisition bridge financing arranged by BNP Paribas and Standard Chartered in connection with the acquisition of SOCO Thailand LLC
• Advising Standard Bank plc as arranger of a US$40 million secured borrowing base facility for Risco Energy Indonesia Pte Ltd, the proceeds of which were used to acquire interests in the Offshore North West Java production sharing contract and the South East Sumatra production sharing contract in Indonesia and service contract 14 in the Philippines
• Advising Standard Bank in connection with a US$30 million borrowing base facility for Pan-China Resources, a subsidiary of Canada
• Advising Bayerische Hypo- und Vereinsbank in connection with a proposed borrowing base facility for Lodore Resources, a US oil and gas investment company
• Advising Bayerische Hypo- und Vereinsbank in connection with a US$60 million borrowing base facility to the AIM-listed Leed Petroleum group
• Advising Standard Bank in connection with a US$150 million borrowing base facility for MI Energy Corporation

Andrew Brereton has been based in Asia for over 25 years and focuses on financing work, including acquisition finance, structured lending, fund financing, project finance and trade financing.  He also has extensive experience of special situations investments, restructurings and workouts. 

Andrew is recognised by the main legal directories as one of the leading lawyers in the region and is ranked Band 1 for both
Banking & Finance and Restructuring & Insolvency by Chambers. He is included in the Legal 500 'Hall of Fame' as one of only three international banking lawyers in Singapore, and was named by the Asia Legal Business Journal to its A-List, recognizing the top 100 legal experts practising in Singapore, in each of the last 3 years.

Andrew has advised many of the largest and most sophisticated investors in the region, including global and regional credit funds, private equity firms, banks, and strategic investors, in relation to complex cross-border financing arrangements, investments, debt restructurings and special situations.  He has advised on transactions involving most Asian jurisdictions, including Australia, Bangladesh, Greater China (including Hong Kong), India, Indonesia, Japan, Laos, Malaysia, Myanmar, Pakistan, the Philippines, Singapore, Sri Lanka and Vietnam.