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White & Case advises Energean on loan from Black Sea Trade Development Bank

Global law firm White & Case LLP has advised Energean Oil & Gas S.A. (Energean) on the provision of a loan from the Black Sea Trade Development Bank, which is supported by a guarantee and subordinated loan from the Greek State.

Energean is a wholly owned subsidiary of Energean PLC, a London-based independent oil and gas company. Energean will use the loan to fund its investment plans, in particular the development of the Epsilon and Prinos fields, including upgrades to the existing Prinos complex. It will also use the loan to support its opex and working capital needs.

White & Case previously advised Energean PLC on its US$450 million offering of Rule 144A/Reg S high yield senior secured notes.

The White & Case team in London that advised on the transaction was led by partner Jason Kerr, with support from associates James Foo and Kian Newlyn.

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