Norton Rose Fulbright advises on six TXF News Deals of the Year

Global law firm Norton Rose Fulbright has advised on six award winning deals as announced by TXF News.

TXF is a leading publication in trade and export finance, supply chain and commodity finance sectors and these awards recognise significant deals across the ECA-backed project finance and commodity finance sectors in 2017.

Deal awards received:

ECA-backed Shipping Deal of the Year
Advised Citibank on the French ECA supported receivable purchase financing and post-delivery financing in a total aggregate amount of approximately €2.5 billion for the acquisition of one Oasis class and two Edge class cruise vessels to be constructed by STX France for Royal Caribbean Cruises Ltd. Lead partner: Simon Hartley

Commodity Acquisition Finance Deal of the Year
Advised global commodity business Louis Dreyfus Company (LDC) on the sale of both its Africa-based fertilizers and inputs operations. Lead partner: Jon Perry

Solar Project Financing of the Year
Advised Marubeni Corporation and JinkoSolar Holding Co., Ltd in relation to the US$ 900 million financing for the Sweihan IPP (independent power project) in Abu Dhabi. Lead partners: Charles Whitney, Chris Down, Peter Hall.

Mining Project Financing of the Year
Advised Nedbank Limited (acting through its Corporate and Investment Banking division), Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V (FMO) and Deutsche Investitions-und Entwicklungsgesellschaft mbH (DEG) (the Lenders) in relation to the project financing of the development, construction, operation and maintenance of a greenfield fluorspar mine located in Gauteng, South Africa. Lead partner: Jackie Midlane.

Asia-Pacific ECA Finance Deal of the Year
Advised Citibank, Australia and New Zealand Banking Group, Banco Santander, ING Bank and Standard Chartered Bank on a K-Sure covered export credit financing to Kia Motors India Private Limited, a wholly-owned subsidiary of Kia Motors Corporation. The dual-currency facility for up to US$648 million is for the purpose of financing Kia Motor’s US$1.1 billion automobile manufacturing facility in Andhra Pradesh, India which will have a production capacity of 300,000 vehicles per year. Lead partner: Nick Merritt

European/Eurasian ECA Finance Deal of the Year
Acted for SMBC, as lender, in a Sinosure-supported term loan facility to Development Bank of Kazakhstan for the purpose of on-lending to PetroKazakhstan Oil Products LLP (a joint venture between CNPC and KazMunaiGas-Refinery and Marketing) in connection with the reconstruction and upgrading of its Skymkent Oil refinery in Kazakhstan, the EPC Contractor for which was China Petroleum Engineering and Construction Corporation, a division of CNPC. Lead partner: Peter Haslam

Norton Rose Fulbright continues to rack up the awards and accolades in the sector including winning Global Law Firm of the Year, Europe and Africa Law Firm of the Year and 15 Deal of the Year Awards at the annual IJ Global Awards. The firm was also named Law Firm of the Year by Project Finance International. Clean Energy Pipeline has placed Norton Rose Fulbright first in Project Finance Legal Advisers league tables by deal credit.

For further information please contact:

Kate Farrell, Public Relations Executive
Tel: +44 (0) 20 7444 3724; Mob: +44 (0) 7515 324 290 
kate.farrell@nortonrosefulbright.com

Notes for editors:

Norton Rose Fulbright

Norton Rose Fulbright is a global law firm providing the world’s preeminent corporations and financial institutions with a full business law service. The firm has more than 4,000 lawyers and other legal staff based in Europe, the United States, Canada, Latin America, Asia, Australia, Africa and the Middle East.

Recognized for its industry focus, Norton Rose Fulbright is strong across all the key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and life sciences and healthcare. Through its global risk advisory group, the firm leverages its industry experience with its knowledge of legal, regulatory, compliance and governance issues to provide clients with practical solutions to the legal and regulatory risks facing their businesses.

Norton Rose Fulbright operates in accordance with its global business principles of quality, unity and integrity, aiming to provide the highest possible standard of legal service in each of its offices and to maintain that level of quality at every point of contact.

Norton Rose Fulbright Verein, a Swiss verein, helps coordinate the activities of Norton Rose Fulbright members but does not itself provide legal services to clients. Norton Rose Fulbright has offices in more than 50 cities worldwide, including London, Houston, New York, Toronto, Mexico City, Hong Kong, Sydney and Johannesburg. For more information, see nortonrosefulbright.com/legal-notices.