22 03 2016

Saudi Electricity refinances $1.14 bln loan for gas power plant

White & Case LLP has advised the commercial lenders, Islamic financiers and Export-Import Bank of the United States on the refinancing of the Riyadh PP11 Independent Power Project in the Kingdom of Saudi Arabia.


The refinancing comprises a U.S. dollar tranche and an Islamic tranche. The dollar tranche totalled $505 million, with participating banks including Sumitomo Mitsui Banking Corp, Mizuho, Sumitomo Mitsui Trust Bank, Mitsubishi UFJ Financial Group, Export Development Canada, KfW IPEX, Societe Generale and Standard Chartered. Two different Islamic portions totalled $635 million, with the banks involved including Saudi Arabia's National Commercial Bank and Alinma, Samba Financial Group, Banque Saudi Fransi and Saudi British. PP11 is a gas-fired independent power project which achieved commercial operation in 2013. The White & Case team was led by partners Mark Castillo-Bernaus (Picture) and Tom Bartlett and associate Meredith Campanale, with assistance from partner Adam Pierson, association partner Zeyad Al-Salloum and associates Sherief Rashed, Dina Elshurafa and Hiba Abdullahi. Involved fees earner: Mark Castillo-Bernaus - White & Case; Tom Bartlett - White & Case; Adam Pierson - White & Case; Meredith Campanale - White & Case; Zeyad Y. Al-Salloum - White & Case; Sherief Rashed - White & Case; Dina Elshurafa - White & Case; Hiba Abdullahi - White & Case;

IAIR TV

see all videos

LATEST ISSUE
Powered by Share Trading

Everlasting
POPULAR ARTICLES
Le Fonti IAIR Awards Take Hong Kong By Storm

21/03/2017

Hong Kong has become a city of bright expansion, culture, and futuristic innovation. Fr

Will Brexit break London's place as FinTech Capital?

17/11/2016

Fintech, it’s described as the disruption in financial services pushed by consume

Le Fonti IAIR Awards 2016 celebrates excellences in London.

17/10/2016

On October 14th, 2016, the world’s leading corporate stars aligned for a momentou

IAIR AWARDS 2016 IN NEW YORK: EMONEY ADVISOR, C.A.S.H., CREDIT SUISSE AND CHEETAH MOBILE AMONG THE WINNERS

15/04/2016

More than 19 Excellences in the global economy at the VI Annual Edition of IAIR AWARDS&

IAIR AWARDS & CEO SUMMIT 2015 IN DUBAI

20/11/2015

It took place on 19 November 2015 at Palace Downtown in Dubai the 19th edition of the I