Representative Transactions

  • Represented Saudi sponsor in negotiating $580 mm USD murabaha bridge financing for major petrochemical complex in Saudi Arabia, currently representing same Saudi sponsor in overall project financing with ECA cover and participation of the Saudi Industrial Development Fund (“SIDF”) and Public Investment Fund of Saudi Arabia (“PIF”).
  • Lead in-house counsel in negotiating $24 billion leveraged finance package in connection with a major refinery/chemical company acquisition.
  • Represented foreign sponsor in negotiating the first major (1.1 billion USD) Shari’ah compliant project financing in Saudi Arabia, involving the SIDF and PIF.
  • Lead in-house counsel in negotiating €1 billion bond issuance and €1.9 billion term loan and revolving credit facility in connection with a leveraged buy out od leading petrochemical company.
  • Represented foreign sponsor in negotiating the then largest private non-recourse project financing (2.5 billion USD) in Saudi Arabia involving commercial banks with ECA cover, SIDF and PIF.
  • Represented foreign sponsor in obtaining non-recourse project financing for significant expansion for leading Thai petrochemical joint venture.
  • Represented the foreign sponsor in refinancing, on an Islamic basis, US$ 525 million of debt for the expansion of leading private Saudi Arabian petrochemicals company.
  • Represented Korean Borrower on initial international bank-lead project financing, and subsequently on Korean bank corporate refinancing.
  • Represented foreign sponsor in first major private petrochemical joint venture in Saudi Arabia negotiating USD 280 million project financing involving the SIDF.
  • Represented multiple European Sellers in two separate pan-European €450 million asset securitization programs.
  • Negotiated British Aerospace-guaranteed local Saudi financing for foreign shareholder in leading private Saudi Arabian petrochemicals company under the British “Offset” Programme.
  • Represented Thai petrochemical joint venture in local bank project financing.
  • Represented Malaysian petrochemical joint venture in obtaining international bank lead project financing.
  • Represented Australian borrower in A$70 million corporate financing.
  • Represented foreign sponsor in ECA-lead project financing for Brazilian petrochemicals joint venture.
  • Negotiated on behalf of several European, Asian and US companies in corporate, structured and leveraged financing transactions, including $8 billion “Debtor-in-Possession” financing upon filing for Chapter 11 protection, $750 million 144A bond issuance; $1.6 billion/Italian Lire 600 million corporate credit facilities; and various US asset securitization programs and corporate financings.
  • Currently representing Saudi shareholder in US$1.9 billion multi-party integrated petrochemical complex in Saudi Arabia; drafted and negotiated project documents for all aspects of the project, including shareholders agreements, supply agreements, offtake agreements, license and related technology agreements and PMC/EPC contracts. Also involved in bridge and project financing.
  • Drafted and negotiated shareholders agreement and other project documents and represented foreign shareholder in negotiations for gas supply agreement for a US$6 billion greenfield petrochemicals project in Kazakhstan.
  • Drafted and negotiated shareholders agreement, EPC documentation and other project agreements for a US$2.5 billion Saudi Arabian cracker and polyethylene joint venture. Also represented the foreign sponsor in negotiating the largest private non-recourse project financing in Saudi Arabia involving commercial banks with ECA cover.
  • Managed the sale process for several business units of a leading petrochemical company in the US, Europe and Australia.
  • Drafted and negotiated share purchase agreement, shareholders agreement and feedstock supply agreement with PTT (the state oil company of Thailand) in connection with PTT’s acquisition of an interest in and the subsequent expansion of Thai polypropylene JV. Represented sponsors in negotiating US$ 475 million project financing.
  • Drafted and negotiated exclusive marketing arrangement with major petrochemical producer in China.
  • Drafted and negotiated shareholders agreement, EPC documentation and other project agreements in a US$ 1.2 billion Saudi Arabian propane dehydrogenation plant and polypropylene joint venture. Also represented the foreign sponsor in negotiating the first Shari’ah compliant project financing in Saudi Arabia.
  • Drafted shareholders agreement and negotiated Thales SA equity participation in Saudi joint venture through the French Offset Programme.
  • Negotiated sale of partial interest in compounding joint venture in India.
  • Negotiated sale of controlling interest in public company in Taiwan.
  • Drafted and negotiated shareholders agreement, EPC documentation and other project agreements with respect to first major private petrochemical joint venture in Saudi Arabia. Also represented foreign sponsor in negotiating US$280 million project financing.
  • Negotiated British Aerospace-guaranteed financing for the foreign shareholder in Saudi JV under the British Offset Programme.
  • Established French holding company together with a Bahraini investor for the purpose of jointly holding investments in the Middle East; drafted and negotiated related documents.
  • Drafted and negotiated shareholders agreement and other project agreements, including EPC contract and negotiated project financing for compounding joint venture in Thailand.
  • Represented foreign investor in acquisition of partial interest in petrochemical company in Korea, drafted and negotiated share purchase agreements and shareholders agreements and related documents following such acquisition, and negotiated acquisition financing. Subsequently renegotiated corporate financing for the JV.
  • Represented foreign investor in acquisition of partial interest in petrochemical company in Japan, drafted and negotiated share purchase agreements and shareholders agreements and related documents following such acquisition.
  • Negotiated acquisition of partial interest in JV in Argentina.
  • Negotiated project documents and financing arrangements for Malaysian joint venture petrochemical company, as well as the subsequent sales of the foreign shareholder’s interest.
  • Negotiated sale of JV interest in propane dehydrogenation unit in Belgium.
  • Drafted and negotiated various preliminary agreements with respect to petrochemical and chemical projects in various countries, including Algeria, Australia, China, India, Nigeria, Russia and Trinidad, as well as several European countries.
  • Currently representing Saudi shareholder, Tasnee Petrochemicals, in complex acrylates project involving Dow Chemcial and Evonik Industries as foreign sponsors, as well as Saudi Kayan (SABIC), and Sadara Petrochemicals (joint venture between Dow and Saudi Aramco). Deeply involved in all aspects of negotiation of project documentation, $600 million Islamic bridge financing and $1.9 billion project financing, involving domestic and international banks, SIDF and PIF.
  • Drafted and negotiated Shareholders Agreement and other project agreements, including EPC documentation, for a US$2.5 billion Saudi Arabian cracker and polyethylene joint venture, Saudi Ethylene and Polyethylene Company. Also represented LyondellBasell as the foreign sponsor in negotiating the largest private non-recourse project financing in Saudi Arabia.
  • Drafted and negotiated Shareholders Agreement, EPC and other project agreements in a US$ 1.2 billion Saudi Arabian propane dehydrogenation plant and polypropylene joint venture, Al Waha Petrochemical Company. Also represented the foreign sponsor in negotiating the first Shari’ah compliant project financing in Saudi Arabia, involving the SIDF and PIF.
  • Negotiated Thales SA equity participation and shareholders agreement in the Al Waha joint venture through the French Offset Programme.
  • Drafted and negotiated Shareholders Agreement, EPC and other project agreements with respect to first major private petrochemical joint venture in Saudi Arabia, Saudi Polyolefins Company. Also represented foreign sponsor in negotiating US$280 million project financing involving the SIDF and PIF.
  • Negotiated British Aerospace-guaranteed financing for the foreign shareholder in Saudi Polyolefins Company under the British Offset Programme.
  • Represented the foreign sponsor in financing, on an Islamic basis, US$ 525 million of debt for the refinancing and expansion of Saudi Polyolefins Company.
  • Established French holding company together with a Bahraini investor for the purpose of jointly holding investments in the region.
  • Drafted and negotiated various preliminary agreements with respect to petrochemical and chemical projects in various countries in the Middle East, including Egypt, Algeria, Oman and Libya.