Norris, Peter J.

Peter J. Norris

Counsel

peter.norris@lw.com
    Norris, Peter J.

    Peter J. Norris

    Counsel

    peter.norris@lw.com
    "Advises on murabaha and syndicated facilities. A major portion of his workload also relates to Saudi restructuring or refinancing agreements."

    Chambers Global 2024

    Profile

    Peter Norris advises clients on a broad range of complex banking and finance transactions, both in the GCC region and internationally.

    Mr. Norris draws on more than a decade’s experience in the Middle East and a sophisticated understanding of the local market to guide governments, companies and sponsors, and financial institutions on matters spanning bank finance, Shari’ah-compliant structures, project finance, capital markets, and restructurings.

    He has served on the firm's Recruiting Committee and maintains an active pro bono practice, including representing the Africa Eye Foundation, a Swiss nonprofit corporation, on a performance-based loan for the Magrabi ICO Cameroon Eye Institute. 

    Experience

    Mr. Norris’ representative transactions include advising:

    Bank Finance

    • Commercial banks 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
    • The 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

    • PT Pertamina EP Cepu (PEPC), a subsidiary of the Indonesian state-owned energy producer PT Pertamina, on a wakala tranche to finance the Jambaran-Tiung Biru field in East Java, marking 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 (and subsequent refinancing exercises) 
    • Export credit agencies, commercial banks, and underwriters on financing the PNG LNG project in Papua New Guinea
    • Lead arrangers and agents on the financing of four ultra-deep-water drill ships for Pacific Drilling 
    • 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

    • 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 Finance News
    • Jabal Omar Development Company on various financing and refinancing matters

    Qualifications

    Bar Qualification

    • England and Wales (Solicitor)
    • Saudi Arabia (Foreign Consultant)

    Education

    • Legal Practice Course, College of Law, London
    • LL.B., College of Law, London

    Languages Spoken

    • English
    • French

    Practices

    News & Insights