Claire Matheson Kirton

Partner, Dubai

Biography

Overview

Claire Matheson Kirton is a Partner in White & Case LLP's Global Debt Finance Practice, based in Dubai. She has considerable experience advising sovereigns and corporations as well as international and regional financial institutions on a variety of conventional finance transactions across Africa, as well as advising clients with respect to Sharia-compliant transactions throughout the Middle East, Europe and Africa.

Claire maintains a particular focus on leveraged finance and syndicated debt finance. In addition, Claire has been involved in a broad range of structured finance, real estate finance including hotel, hospitality and retail financing and restructuring and workouts. She has practiced in Dubai for 14 years and London prior to that. In that time she has worked on some of the most innovative Islamic finance deals closed to date. She is named by Islamic Finance News as a "leading lawyer" in the fields of Banking & Capital Markets, Energy and Infrastructure and Structured Finance. Claire is "highly regarded" for banking and finance by IFLR1000 and more recently, she was recognised as a "leading individual" for Banking and Finance in the UAE by The Legal 500, 2020.

Bars and Courts
England and Wales
Education
LPC
College of Law
LLB (Hons)
University of Leicester
Languages
English

Experience

Representation of Arabian Centres Company (ACC), Saudi Arabia's leading shopping mall owner, developer and operator, on its dual currency US$1.9 billion refinancing package. The refinancing consists of a senior unsecured US$500 million debut Reg S/144A five-year Sukuk issuance, alongside a senior secured dual (USD and SAR) currency US$1.2 billion (equivalent) Ijara and Murabaha term facilities and senior secured dual (USD and SAR) currency US$200 million (equivalent) revolving Murabaha facility.

Representation of Fawaz Abdulaziz Al Hokair Co., a leading diversified fashion, beauty, and food retailer in Saudi Arabia with international operations across 13 countries and long term relationships with more than 80 leading international retail brands, on its dual-currency US$800 million refinancing package. The refinancing consists of a senior secured dual-currency (USD and SAR) US$650 million (equivalent) Murabaha term facility and a senior secured dual-currency (USD and SAR) US$150 million (equivalent) revolving Murabaha facility.

Representation of IHS Towers (IHS Netherlands Holdco B.V.) on its US$500 million and US$800 million dual-tranche bond issue and on its US$500 million (equivalent) US dollar and Nigerian Naira pari passu senior credit facilities agreement, which will together provide IHS Towers with an aggregate US$1.8 billion (equivalent).

Acting for certain Islamic creditors in relation to the ongoing restructuring and administration of NMC. 

Acting for the Lender Co-ordinating Committee in relation to a restructuring and settlement of long term financing with a UAE based industrial company.

Representation of the heirs of Abdul Latif Ibrahim Galadari in connection with the acquisition finance facility for the 58.5% stake in Galadari Brothers Co LLC, a diversified business conglomerate with operations spread across multiple business verticals. The AED1.675bn 3-month Bridge Loan with a take-out under a 10-year term and 5-Year bank guaranteed deferred payment facility was one of the largest acquisition finance transactions in the region (Local Currency Deal of the Year 2018, Bond, Loans & Sukuk Middle East).

Representation of United Arab Shipping Company (UASC) and its major shareholders QIA and the PIF on the restructuring of all ship and container financings of UASC as part of the multi-billion dollar merger with Hapag-Lloyd AG, a listed company headquartered in Hamburg, Germany. This deal was named "Restructuring Deal of the Year" by Islamic Finance News (2018).

Representation of Standard Chartered Bank in connection with a US$200 million financing to United Energy Group; a Hong Kong based upstream oil & gas group with investments across Pakistan.

Representation of The Government of the Sultanate of Oman in connection with the separated ECA (UKEF) dual tranche and commercial financings for the US$873.7million design, construction and development of three hospitals in Oman in Salalah, Suwaiq and Khasab (Global Trade Review 2020 Deal of the Year).

Awards and Recognition

Leading Individual - Banking and Finance: Corporate Finance (including Islamic Lending): UAE
The Legal 500, 2020

Up & Coming – Banking & Finance: UAE

"Increasingly prominent finance practitioner."
"Very approachable and very friendly. She knows how to manage difficult situations and how to get her point across."
Chambers Global, 2020