Biography
Mostafa Mahmoud is an associate of MHR & Partners in association with White & Case.
Mostafa is a member of the Firm's Project Development and Finance Group.
Experience
Representative transactions include:
Advised the African Export–Import Bank (Afrexim) in connection with several facilities with an overall value of approximately US$4 billion, including: Several facilities granted to the National Bank of Egypt, Banque Misr, United Bank and Arab African International Bank with a total value of US$4 billion under the Ukraine Crisis Adjustment Trade Financing Programme for Africa to manage the impacts of the Ukraine crisis on African economies and businesses ("UKAFPA Programme") in June 2023, January 2024 and July 2024. In addition to a US$1 billion facility granted to the Egyptian General Petroleum Corporation (EGPC).
Advised Abu Dhabi Commercial Bank in relation to their facility agreement to the Egyptian Natural Gas Holding Company (EGAS). Our involvement in the financing as lender's local counsel included negotiating [the Facility Agreement], drafting and negotiating the Movables Pledge Agreement, and the Assignment Agreement.
Advised the Egyptian Ethylene & Derivatives Company S.A.E as the Borrower's counsel in relation to a term facility agreement dated 13 September 2023 between amongst others, Mashreqbank PSC. Our involvement in the Project as Borrower's counsel included negotiating and drafting the Facility Agreement, and all related documents.
Representing ORA in relation to EGP 6 billion facility from Commercial International Bank and Banque Misr for the development of O-West facility project in Cairo.
Representing Orascom Development Egypt in relation to a US$155 million loan from International Finance Corporation (IFC) for the refinancing of existing facilities (US$ and EURO tranches) with other lenders and additional tranche to finance capex to renovate hotels.
Advised group of lenders in connections with Working Capital Facility Agreement to one of the largest investment companies in the chemical sector in Egypt.
Advised The Standard Bank of South Africa Limited and a syndicate of lenders on a US$190 million revolving reserve-based lending financing, with an accordion option of up to US$300 million, made available to VAALCO Energy, Inc.
Advising of a purchaser in connection to participating interest in different Oil & Gas concessions in Egypt.
Advised a group of lenders on an accordion process, including onshore depositary for a facility granted to Project Yield Funding Limited.
Represented group of funders in relation to refinancing of existing debt and new credit lines in an aggregate amount over US$290 million to support ongoing development in the energy sector to one of the largest energy companies in Iceland and largest private energy operator.
Advised African Export Import Bank (Afreximbank) in relation to a US$1.7 billion short term facilities to Arab African International Bank, Banque Misr, and National Bank of Egypt. The Facilities will be guaranteed by a guarantee issued by the Central Bank of Egypt.
Advised a state-owned company located in the Caucasus region on selling its participating interest in a gas-condensate field.
Advised ADES Group in connection with a US$3 billion syndicated financing granted to ADES for the financing recent major acquisitions.
Acted for a syndicate of lenders including National Bank of Egypt and Banque Misr in relation to a facility with a value of EGP 1.5 billion granted to a real estate company for the financing of a development project.
Acted for a syndicate of lenders including Commercial International Bank and Banque Misr and a real estate company in relation to a facility with a value of EGP 6 billion granted for the financing of a development project.
Acted for a borrower in relation to a facility with a value of US$1.5 million granted by an off-shore venture capital company.
Advised a US-based international water company on the acquisition of a majority stake in a water company located in the Sultanate of Oman.
Represented incoming lenders under two facilities agreement issued under a new common terms platform in a EUR2.5 billion refinancing for a leading international renewable energy producer.