Hamad M. Al-Hoshan
Hamad Al-Hoshan is a partner 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 Global Infrastructure Partners on its agreement to acquire Medallion Gathering & Processing, LLC (Medallion), the owner of the largest, privately held crude oil transportation system in the Midland Basin of West Texas and the related stapled debt financing provided by Jefferies. GIP acquired Medallion from sellers, The Energy & Minerals Group and Laredo Petroleum, Inc. (NYSE: LPI), for a cash purchase price of US$1.825 billion plus additional cash consideration that is linked to GIP’s realized profits at exit. Jefferies LLC provided US$725 million of stapled debt financing.
Represented Saudi Refining Inc. (SRI), a wholly owned subsidiary of Saudi Arabian Oil Company (Saudi Aramco), in the discontinuation of Motiva Enterprises LLC and the division of Motiva's assets, liabilities and businesses between SRI and affiliates of its joint venture partner, Royal Dutch Shell PLC.
Representation of Freeport LNG in connection with entering into a subscription agreement and related documentation with Industry Funds Management (IFM) whereby IFM acquired an undisclosed percentage of the equity of FLNG Liquefaction 2, LLC (FLIQ2) in consideration of a US$1.3 billion investment which FLIQ2 will use to fund the development of the second liquefaction train at Freeport LNG’s natural gas liquefaction, LNG export, LNG regasification, and LNG import terminal at Quintana Island near Freeport, Texas.
Representation of Freeport LNG and its subsidiary, FLNG Liquefaction 2, LLC, in connection with the $4.025 billion debt financing of the second train of Freeport LNG's multi-train natural gas liquefaction and export facility.
Representation of FLNG Liquefaction 2, LLC (FLIQ2), a subsidiary of Freeport LNG and IFM Investors, in the private placement of US$1.25 billion of investment grade project bonds. The proceeds of the issuance were used to refinance a portion of the US$4.025 billion senior secured loans incurred by FLIQ2 to initially finance the development and construction of the second liquefaction train of the multi-train natural gas liquefaction and LNG export facility being constructed at Quintana Island near Freeport, Texas. The 4.125% Senior Secured Notes due 2038 were rated BBB by both S&P and Fitch.
Representation of Freeport LNG Expansion, L.P. (Freeport LNG) and its subsidiary, FLNG Liquefaction 3, LLC, in connection with the $3.64 billion debt financing of the third train of Freeport LNG's multi-train natural gas liquefaction and export facility being constructed at Freeport LNG's existing LNG regasification facility at Quintana Island near Freeport, Texas.