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
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
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