Catherine has experience acting on a wide range of international capital markets transactions, with particular focus on infrastructure. Catherine has advised on a wide range of infrastructure transactions including project bonds, private placements and corporate bonds. She acts for a broad range of market participants, including banks, institutional investors, sponsors and corporates.
Recent representative transactions include:
The sponsors on structuring the internationally privately placed notes as part of a c.$2 billion acquisition financing of a project.
Nord Stream AG, the Switzerland-based owner and operator of offshore gas pipelines between Russia and Germany, on its investment-grade €628 million senior secured notes by way of indirect issuance structure, refinancing certain bank facilities under its multi-source financing platform.
The structuring and placement agents on options for the c.€1 billion refinancing of a solar energy operator by way of internationally placed bonds.
Represented the State of Qatar, acting through the Ministry of Finance, as Issuer on the offering of US$12 billion fixed rate interest bonds over three tranches. The deal included the listing of "formosa" bonds on the Taipei Stock Exchange, the first of its kind for a sovereign Issuer.
Represented Abu Dhabi Crude Oil Pipeline LLP, a wholly owned subsidiary of Abu Dhabi National Oil Company (ADNOC), on the inaugural issuance of US$3 billion senior secured bonds. The Rule 144A/ Regulation S bonds were the first capital markets issuance by the ADNOC group and part of ADNOC's program to monetize its mid-stream assets. The bond issuance was also one of the largest non-sovereign bond issuances in history in the Middle East.
Representation of Emirates Sembcorp Water & Power Company PJSC as the issuer of the US$400 million Reg S/Rule 144A bond used for the refinancing of the c. US$2 billion combined cycle power generation and seawater desalination plant in the Emirate of Fujairah.
Representation of Ruwais Power Company PJSC and its sponsors in connection with the Rule 144a/Regulation S offering of US$825 million 6 percent Senior Secured Bonds due 2036 and the related refinancing of the US$2.3 billion Shuweihat 2 IWPP. This transaction represents the first project bond offering by an independent power and water project in the Middle East.
Representation of Saudi Aramco in connection with a US$2 billion Sukuk issuance as part of the proposed US$20 billion financing plan for the construction of the Sadara petrochemical complex.