Peter Norris advises governments, sponsors, and financial institutions on a range of regional transactions, with a particular focus on banking and finance.
Mr. Norris helps clients doing business in the region on a full complement of financing transactions, including bank and project finance, capital markets, and Shari’ah-compliant structures. He regularly advises:
Governments, including sovereign wealth funds
Companies and sponsors
Banks and financial institutions, including export credit agencies
Resident in the region for more than a decade, he draws on a wealth of local market experience, particularly with clients doing business related to The Kingdom of Saudi Arabia and the United Arab Emirates.
Experience
Mr. Norris’ representative transactions include advising:
Bank Finance
Large sovereign wealth fund on various loan facilities
Commercial lenders and export credit agencies on a covered term loan facility for Saudi Electricity Company
Dar al-Arkan Real Estate Development Company on multiple Ijara facilities
Etihad Etisalat Company (Mobily) on several export credit agency and commercial bank financing arrangements
Lead arrangers and agents on various financing matters for Al-Etisalat Al-Mutanakilah Al-Saudia Company (Zain KSA)
The National Industrialization Company (TASNEE) on its holdco Murabaha financing facilities, and subsequent Sukuk refinancing
Commercial banks on several refinancing matters for Kuwait Food Company (Americana) K.S.C.P
Power and Water Utility Company for Jubail and Yanbu (MARAFIQ) on a Murabaha financing facility
Lead arranger and agents on certain refinancing matters for Emaar Libadiye Gayrimenkul Geliştirme A.Ş. and Emaar Properties PJSC
Commercial banks on a Murabaha financing facility for Almarai Company
Advanced Metals Industries Cluster on a Murabaha financing facility
Commercial banks on financing the Meydan Beach Hotel
Commercial banks on a Murabaha financing facility for Thakher Development Company
Commercial banks on a Murabaha financing facility for Al-Sharah Al-Arabia Real Estate Company
Global Data Hub Company on a Murabaha financing facility
Lead arrangers and agents on various financing matters for International Methanol Company
Microsol International on a term loan facility
Project Finance
Project financing in connection with a 1,500-MW solar photovoltaic electric generating facility located in Saudi Arabia
PT Pertamina EP Cepu (PEPC), a subsidiary of the Indonesian state-owned energy producer PT Pertamina, on a Wakala tranche for the financing of the Jambaran-Tiung Biru field in East Java; the first Islamic financing in the context of an Indonesian trustee borrowing structure
ArcelorMittal Tubular Products Jubail Company and Al-Tanmiah (AMTPJ) for Industrial & Commercial Investment Company on the financing of the world’s largest seamless steel tube plant
Export credit agencies, commercial banks, and underwriters on the financing of the PNG LNG project in Papua New Guinea
Large sovereign wealth fund on a series of restructurings / rescheduling negotiations in relation to a mining company
Lead arrangers and agents on the financing of four ultra-deep-water drill ships for Pacific Drilling Limited
Lead arrangers and agents on multiple financing matters for the Jubail Acetyls Complex
Mandated lead arrangers on the project financing of a polysilicon plant
Capital Markets
Banque Saudi Fransi on its Mudaraba / Murabaha Tier II Sukuk
Dar al-Arkan Real Estate Development Company on several Sukuk matters
Joint lead managers and bookrunners on the Mudaraba Sukuk and the Mudaraba / Murabaha Sukuk of Saudi International Petrochemical Company (now Sahara International Petrochemical Company)
Lead managers and agent on the Musharaka Sukuk of Rawabi Vallianz Offshore Company
The National Industrialization Company (TASNEE) on its Sukuk issuance
Other Transactions
Large sovereign wealth fund on:
Car manufacturing industry project
Several minority investments into India
Public-private-partnership unit of a Middle East sovereign on certain rail projects
The National Titanium Dioxide Company (Cristal) on its Murabaha and Bai Al-Ajal financing facilities; named Restructuring Deal of the Year by Islamic FinanceNews
Jabal Omar Development Company on various financing and refinancing matters
Transaction represents significant milestone for the Middle East’s startup and venture ecosystem.
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