The recent introduction of a number of economic initiatives and reforms in Egypt create an attractive environment for foreign investment.
Over the last 15 years White & Case has been working with Egyptian companies to support their overseas investments, as well as working with local and global corporates, financial institutions, government related enterprises and government bodies on innovative and complex transactions and high stakes disputes in Egypt.
We cover a wide range of project development and finance, banking and Islamic finance, equity and debt capital markets, and corporate, joint venture and M&A matters.
Tahrir Petrochemical Project
Representation of Tahrir Petrochemicals Company in connection with the development and financing of a US$7 billion petrochemical complex in Egypt, including proposed financing from US Ex-Im, UKEF and SACE. This work follows our representation of the sponsor on the development and financing of a nitric acid and ammonium nitrate complex, as well as an ammonia complex at the Suez Industrial Area on the Gulf of Suez in Egypt.
Ayoun Moussa Power Plant
Representation of the sponsor in connection with the development and financing of a 2640 MW coal fired power project to be located at Ayoun Moussa on the Sinai Peninsula, Egypt.
Gulf of Suez Reserve Based Lending
Representation of HSBC Bank plc, International Finance Corporation and the European Bank for Reconstruction and Development in connection with an up to US$500 million secured revolving reserves based lending facility in respect of borrowing base assets located in the Gulf of Suez, Egypt. This transaction was recently awarded “Middle East and North Africa Oil & Gas Deal of the Year” by IJ Global Awards 2015.
Representation of J.P. Morgan and EFG Hermes, acting as Joint Global Coordinators and Joint Bookrunners, and Emirates Financial Services PSC, acting as Lead Manager, for the IPO and Egyptian Stock Exchange listing of the ordinary shares of Emaar Misr for Development S.A.E. The offering consisted of a public offering in Egypt and a private placement to institutional investors in various jurisdictions, including to qualified institutional buyers in the United States.
Representation of the sponsors in connection with a solar power project under the Feed in Tariff program in Egypt.
Ministry of Finance
Representation of the Ministry of Finance in connection with issuance of US$1.25 billion Government guaranteed bonds.
National Bank of Egypt
Representation of National Bank of Egypt in connection with the issuance and offering of up to US$ 1 billion Notes (senior unsecured, Reg S).
Representation of Orascom Telecom and and its parent company, Weather Capital on a US$3.575 billion refinancing, consisting of a new US$2 billion senior secured credit facility for Orascom Telecom Holding; an €825 million 4.75% exchangeable bond offering by Weather Capital Finance, S.A; and a €500 million amended and restated term loan facility by Weather Capital.