Press Release

White & Case Advises Methanol Holdings (Trinidad) Limited on US$590 Million Refinancing

Global law firm White & Case LLP has advised Methanol Holdings (Trinidad) Limited on its US$590 million refinancing.

The refinancing, which is governed by New York law, comprises a US$300 million revolving credit facility with a five-year term and a US$290 million Term Loan B with a seven-year term.

Methanol Holdings (Trinidad) Limited is a Trinidad-based producer of methanol. The new credit facilities were used to repay existing loans with an outstanding balance of approximately US$590 million which were originally made by KfW, a German government-owned development bank based in Frankfurt.

The new lenders are a syndicate of banks comprised of J.P.Morgan, Morgan Stanley, Credit Suisse, Deutsche Bank, Sumitomo Mitsui Banking Corporation as well as local banks in Trinidad and other institutional investors.

The White & Case team which advised on the refinancing was led by partner Gernot Wagner (Frankfurt) and included partners Bodo Bender, Tom Oliver Schorling (both Frankfurt), John Donovan, Raymond Simon (both New York) and Justin Wagstaff (London), local partners Vanessa Schürmann and Rebecca Emory (both Frankfurt), counsels Sibylle Münch, Alexander Born (both Frankfurt), Glen Cuccinello, Paul Milmed, Amy Delsack (all New York) and Kristina Zissis (Washington, DC), as well as associates Danister de Silva, Antony Serban, Robert Zehbe, Mareile Müller-Felsch (all Frankfurt), Robert Amdursky, Isaac Tendler, Kellie Thomas, Chazmon Gates, Daniel Kozin, Narissa Lyngen and William Prins (all New York).

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