ADES International $600 million refinancing

31/5/2018

Refinancing

Value:

$ 600 million

Status:

Completed

Date:

31/5/2018

Overview:

ADES International, a company that extends oil and gas drilling and production services through its subsidiaries, has obtained a $600 million refinancing.
The facility is structured with two Islamic tranches with different structures, Murabaha and Musharaka/Ijara.

Laura Mendes - Researcher

Jurisdiction:

Egypt

Deal type:

Refinancing

Practice area:

Banking

Governing law:

Egypt

Industry sector:

Oil and gas

Firms:

Linklaters

Party: EBRD (Lender)

Party: JP Morgan (Lender)

Party: Islamic Corporation for the Development of the Private Sector (Lender)

Party: Al-Inma Bank (Lender)

MHR & Partners

Party: ADES International (Borrower)

Lawyer: Sherief Rashed

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