Trade and Emerging Markets finance transactions demand a combination of legal expertise and commercial awareness across a wide range of demanding jurisdictions.
Linklaters has trade and export finance experience in virtually every market in the world, allowing us to deliver a complete service on cross-border transactions. While the market has been significantly affected by the global downturn, in recent months we have advised on a wide range of commodity-based financings with particular emphasis on advising clients in the distressed environment.
Recent trade and developing markets finance transactions include:
- BP plc - advised BP plc on the multi award-winning up to US$5.25 billion pre-export finance facilities for BP Angola and BP Caspian
- Jubail Export Refinery and Petrochemical Project - advised the finance parties (including credit agencies, commercial lenders, ECAs, Islamic financing institutions, sukuk holders and the Public Investment Fund of the Kingdom of Saudi Arabia) on the US$14 billion Jubail Export Refinery and Petrochemical Project in Saudi Arabia
- Petropavlovsk - advised ING and Unicredit on a US$150 million pre-export facility for Petropavlovsk, the London-based Russian gold mining company, secured on its gold exports
- Kazakhmys plc - advised Kazakhmys plc on its US$2.7 billion financing
- Glencore A.G. - advised the lenders ( BNP Paribas as lead MLA) on the US$1.7 billion committed secured borrowing base facility (commodities and receivables) for Glencore A.G by a sixteen bank club
- Mechel - advised BNP Paribas, Commerzbank, HSBC, ING, Natexis, RBS, SocGen and Unicredit on the award-winning US$2 billion pre-export finance facility for Mechel
- Petroplus Group - advised BNP Paribas and ING on the refinancing on an existing US$1.05 billion revolving credit facility by the Petroplus Group
- Glencore - advised Glencore on a $6.65 billion Forward Start Facility and an $815million Short Term Facility, the largest forward start facility to date in the market
- Sociedade Nacional de Combustiveis de Angola - advised the banks on a US$3 billion term loan facility for Sociedade Nacional de Combustiveis de Angola (Sonangol), first unsecured deal to be publicly syndicated
- OAO Severstal - advised the mandated lead arrangers on the award-winning up to US$2.5 billion pre-export financing for Russian steel and mining group, OAO Severstal
- Rompetrol Group - advised the lenders on the US$2.5 billion Rompetrol refinancing, after working on the original US$3.1 billion financing in 2007 used to finance the purchase of the Rompetrol Group
