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Banking & Finance - Capital Markets: Structured/Project Finance

CMS advises EBRD on municipal/infrastructure projects in Lviv and Chernivtsi

28 Jan 2016

CMS Cameron McKenna in Kyiv has advised the European Bank for Reconstruction and Development (EBRD) on two financing projects in Lviv and Chernivtsi aimed at developing and renewing the critical fast tram system and district heating utilities in the cities.

Two loans of EUR 6 million and EUR 10 million have been provided to Lviv and Chernivtsi communal enterprises subject to the issuance of city council guarantees.

WFW advise ABN AMRO on US$200m loan facility to Aurora LPG for four vessels

28 Jan 2016

Watson Farley & Williams LLP (“WFW”) successfully advised ABN AMRO Bank N.V. in relation to a US$200 million loan facility to be made available to Aurora LPG to finance four CBM 84,000 VLGCs under construction at Hyundai Heavy Industries.  The loan facility was signed on 20 January 2016.  Mandated lead arrangers were ABN AMRO Bank N.V. and The Export-Import Bank of Korea.

London-based partner, Michael O’Donnell led on this facility assisted by senior associate, Gary Walsh. Simonsen Vogt Wiig provided the Norwegian law assistance.

ADB and EBRD USD 1 billion financing for Shah Deniz stage 2

26 Jan 2016

We advised a consortium of international financial institutions led by the Asian Development Bank (ADB) and the European Bank for Reconstruction and Development (EBRD) on the Cyprus law aspects of a USD1 billion project financing for the second stage of the of the Shah Deniz gas development project in Azerbaijan. The borrower is Lukoil Overseas Shah Deniz Ltd (LOSD), a subsidiary of Lukoil PJSC, Russia's second largest oil company.

Rabobank - VVT Vasiliko facilities

26 Jan 2016

During 2014 we acted as Cyprus counsel for Rabobank in connection with facilities extended to VTTI, a joint venture between a Swiss company, Vitol Group and a Malaysian company, MISC Berhad, to finance a € 300 million oil storage terminal at Vasilikos, on the south coast of Cyprus. Rabobank is a banking and financial services company headquartered in Utrecht, Netherlands. The terminal, which began operations in November 2014, is strategically located, connecting Europe and the Black Sea with markets in the Middle East and Asia.

Norton Rose Fulbright advises on US$122 million telecom infrastructure funding; one of the first DFI financings in Myanmar

22 Jan 2016

Norton Rose Fulbright has advised a syndicate of senior and mezzanine lenders on a US$122 million financing of mobile communications infrastructure across Myanmar. The financial package consists of a subordinated loan of US$13 million with a tenor of 9 years and a long term senior loan of US$109 million with a tenor of 8 years.

Clifford Chance advises lenders on financing of Nigeria's pioneering, USD 1 billion Azura-Edo power plant

22 Jan 2016

Clifford Chance advised 15 lenders on financing Nigeria's first fully privately financed independent power plant (IPP). The plant will begin with a 450MW open cycle gas turbine power station due to come on-stream in 2017. It represents the first phase of what will ultimately be a 1,500MW power plant.

Slaughter and May advised Attarat Power Company and the project sponsors on the signing of financing agreements with Industrial and Commercial Bank of China and Bank of China

18 Jan 2016

Slaughter and May advised Attarat Power Company ("APCO") and the project sponsors, Eesti Energia AS and YTL Power International Berhad, on the signing of financing agreements by APCO with Industrial and Commercial Bank of China and Bank of China for up to USD 1.6 billion of senior debt (the "Senior Debt") for the 470 megawatt (net) oil shale fired power station to be constructed at Attarat um Ghudran, Jordan (the "Project").  The Senior Debt facility comprises the entire senior debt requirement for the Project and will be provided as a buyer’s credit supported by export credit in