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Hamad Al-Hoshan is a senior associate in the Energy, Infrastructure, Project and Asset Finance practice group as well as the Firm's Oil & Gas and Power industry groups. His practice focuses primarily on domestic and international corporate and commercial transactions.
Hamad has significant experience in representing sponsors, investment banks, commercial banks and investment funds in connection with the development (including related commercial contracts), financing, acquisition and sale of assets within the oil and gas, infrastructure and power sectors. Such assets include liquefied natural gas (LNG) facilities, petrochemical facilities, pipelines and power plants.
Hamad’s experience includes the representation of both borrowers and lenders in commercial bank financings and term loan B financings. Hamad also has ample experience in representing sponsors and other stakeholders in the structuring of joint venture arrangements and merger and acquisition transactions.
Representation of Bayonne Energy Center, LLC (BEC) and its wholly-owned subsidiary, Bayonne Energy Center Urban Renewal, LLC, as co-borrowers, in connection with the arrangement by Morgan Stanley Senior Funding, Inc., Crédit Agricole Corporate and Investment Bank and Macquarie Capital (USA) Inc., as joint lead arrangers, of a US$525 million Term Loan B Facility and a US$30 million Revolving Credit Facility. The proceeds of the Term Loan B Facility were used to finance the acquisition by AL Bayonne Holdings, LLC, an affiliate of BEC, of 100% of Hess Corporation's ownership interest in Hess Bayonne LLC, which entity held a 50% ownership interest of BEC, to refinance certain outstanding debt of the co-borrowers and their affiliates, and to make certain other payments including transaction expenses. The proceeds of the Revolving Credit Facility were used for general corporate purposes of the co-borrowers.
Representation of Deutsche Bank Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated as joint lead arrangers in connection with the arrangement of a US$650 million Term Loan B facility provided to Floatel International Ltd., an exempted company organized under the laws of Bermuda (Floatel), and Floatel Delaware LLC, a Delaware limited liability company, as co-borrowers. The proceeds of the term loans (TLB) were used to repay existing debt secured by three accommodation and construction support or tender support operations vessels flagged in Bermuda and for general corporate purposes of the co-borrowers and their subsidiaries.
Representation of Goldman Sachs Lending Partners LLC, Credit Suisse Securities (USA) LLC, Ares Capital Corporation, Union Bank and Investec as joint lead arrangers in connection with the project financing of Panda Power Funds' planned US$652 million, 829 megawatt natural gas-fired, combined-cycle Patriot generating station being developed in Lycoming County, Pennsylvania.
Representation of Saudi Arabian Oil Company (Saudi Aramco) in relation to the structuring, tendering, development and financing of three cogeneration plants in the Eastern Province of the Kingdom of Saudi Arabia. The US$530 million multi-site project, which is being developed on a build-own-operate-transfer basis, will have a capacity of 876 MW of power and 3.26 million pounds per hour of steam once constructed.
Representation of the Saudi Aramco in connection with the US$ 20 billion joint venture with The Dow Chemical Company.