James Hardy

Partner, London

Biography

Overview

James Hardy is a partner in the Firm's Debt Finance Group in London. He is an emerging markets specialist with an established track record of advising both lenders and borrowers on a diverse range of financing arrangements in mature and (especially) developing or frontier markets throughout the financial cycle. Product coverage includes: corporate and sovereign lending; sustainability-linked and green or social proceeds loan products; the full spectrum of structured trade and commodity finance (including: commodity prepayments; pre-export finance; borrowing base; receivables purchase); other structured finance (including margin loans); acquisition-driven financing; restructuring; and refinancing.

James sits on the LMA's documentation committee for both Developing Markets and Commodity Finance and has advised on financings with a value of: over US$94 billion in the emerging markets (of which approximately US$20 billion in Sub-Saharan Africa since 2008; over US$23.5 billion in the CIS and over US$14.5 billion in Latin America), over US$53 billion in the commodities sector and over US$44.6 billion of acquisition-driven financings. 

Bars and Courts
England and Wales
Education
LPC
College of Law, Guildford
CPE
College of Law, Guildford
BA (Hons)
Modern Languages (French and Russian)
Oxford University
Languages
English
Russian
French

Experience

Afreximbank on: US$650 million secured corporate loan financing to the Dangote Group; multiple term loan financings to Bank of Industry Limited (Nigeria), structured with credit support from the Central Bank of Nigeria (Debt Deal of the Year, African Banker Awards 2020; International Syndicated Loan Deal of the Year, Bonds & Loans Africa Awards 2021-2022); and a range of other corporate and structured trade financings.

Trafigura on: confidential oil and metals prepayment financings for commodities sourced in Russia, Africa, Latin America and elsewhere; and on secured borrowing base and other structured trade financings (including their up to US$2 billion refined metals borrowing base financing from a syndicate co-ordinated by Deutsche Bank. "Best Commodity Working Capital Deal of the Year 2015", Trade & Export Finance).

 Puma Energy on substantially all of core corporate syndicated facilities since 2015; and various structured, trade and corporate financings.

JP Morgan on the 'POEMS' transactions, innovative £3.5 billion financings that used mandatory exchangeable bonds issued by Volcan Holdings plc to finance the purchase of shares in Anglo American plc.

 The Ministry of Finance of Ukraine on: a US$250m capital markets funded conduit structured term loan financing to Energoatom to fund nuclear storage facilities on the Chernobyl site; and US$400million and US$600million equivalent EUR term loan facilities arranged by Deutsche Bank and covered by a partial IBRD policy based guarantee.

Noble Group on the trade finance aspects of its financial restructuring, including its up to US$700 million committed structured trade finance facility.

the arranger on a bespoke commodity financing to an African miner, with physical offtake, commodity hedging and loan-style financing all documented under ISDA terms

Nostrum Oil & Gas group on up to US$3 billion structured financing arranged by VTB Capital plc.

Umeme Limited and Actis LLP on up to US$190 million DFI and commercial bank long term capex financing.