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Saudi Oger project finance facilities

US$1,800.00 m
  • Entry date - Wednesday, 16 November 2011
  • Jurisdiction - China
  • Practice - .
  • Saudi Oger project finance facilities

  • Firm
    Allen & Overy
  • Client
    Deutsche Bank
  • Lead Lawyers
    Ian Ingram-Johnson
  • Role
    International counsel to lenders
  • Firm
    Norton Rose
  • Client
    Saudi Oger
  • Lead Lawyers
    Ali Tiptree
  • Role
    International counsel to borrower
  • Firm
    White & Case
  • Client
    China Development Bank, Industrial and Commercial
  • Lead Lawyers
    Euan Pinkerton, John Shum, Waleed Al-Nuwaiser
  • Role
    International counsel to lenders


DEAL SUMMARY
·         Two project facilities to support Saudi Oger’s financing of the King Abdullah project 2

·         Structured as a $800 million senior secured term loan facility and a $1.06 billion advance payment guarantee facility 

·         Deal was complicated by its cross-jurisdictional nature – bringing together financial institutions across China, Europe and the Middle East


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