White & Case Advises Natgasoline on US$900 Million Financing | White & Case LLP International Law Firm, Global Law Practice
White & Case Advises Natgasoline on US$900 Million Financing

White & Case Advises Natgasoline on US$900 Million Financing

Global law firm White & Case LLP advised US methanol producer Natgasoline LLC and its shareholders, OCI N.V. and Consolidated Energy Limited, on an approximate US$900 million optimization of its capital structure.

The financing comprises a US$565 million Term Loan B with a seven-year term, a US$60 million revolving credit facility with a five-year term, and a US$336 million bond with a 13-year term, which was issued in the US market.

The proceeds were used to refinance Natagasoline's existing debt, and the transaction was underwritten by a consortium of banks including Citigroup Global Markets Limited, Morgan Stanley, J.P. Morgan and Goldman Sachs.

The White & Case team which advised on the transaction was co-led by partners Vanessa Schürmann and Rebecca Emory (both Frankfurt), and included partners Gernot Wagner (Frankfurt), Justin Wagstaff (New York), Bodo Bender and Karsten Wöckener (both Frankfurt), local partner Andreas Lischka (Frankfurt) and associates Daniel Hobbs, Domingo de Prada, Daniel Rogits (all Frankfurt), Graham Silnicki and Evan Rahn (both New York).

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