Banking and Finance

Advised EBRD on three loan agreements with the National Bank of Egypt (“NBE”). The financing package was up to USD 80 million.

Advising (with Skadden) Shelf Drilling, on obtaining $600 Million facilities, advising on securities package and issuing a capacity opinion.

Advising a syndicate of Indian and Egyptian banks on a project financing to TCI Sanmar Chemicals in excess of USD 1 billion to finance the construction of a new petrochemicals processing plant in Port Said, Egypt.

Advising a syndicate of Egyptian and international banks led by Societé Generale on the USD 1 billion financing of EAgrium petrochemicals project in Egypt; and subsequently advising the banks on the recovery strategy of the disbursed funds following the nationalization of the project – believed to be the largest project financing in Egyptian history. Our work included full due diligence on the project documents (gas supply, usufruct, port concession etc…), reviewing the financing agreements in addition to drafting and perfecting the security package.

Advising (with Clifford Chance) Deutsche Bank as the lead arranger on the USD 1.2 billion financing to Abraaj Capital for the acquisition of Egyptian Fertilizers Company and advising on the USD 400 million sharia’a compliant partial refinance of this deal using novel and complex finance structures.

Advising IFC in relation to the project finance to Galaxy Chemicals (a subsidiary of Galaxy Surfactants Ltd., India) for the construction and equipping of a 60,000 mpta surfactant production plant located in the Suez Public Free Zone in Egypt.

Advising on a number of Oil and Gas financing

Publications

  • “Assessment of Insolvency Office Holders” EBRD

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