Nic Kennedy

Associate, London

Biography

Overview

Nic is a senior associate in the Project Development and Finance Group in the London office. Nic has experience advising lenders (including export credit agencies, commercial banks, and development banks), sponsors in domestic and international projects, focusing chiefly on emerging markets. Nic has previously worked in our Abu Dhabi office and also completed a secondment with UniCredit in London.

Bars and Courts
England and Wales
Education
Legal Practice Course
College of Law, London
BA Jurisprudence
Brasenose College
Oxford University
Languages
English

Experience

Qatalum
Representation of Qatar Aluminium Limited on the US$1.2 billion facility to refinance its existing project finance debt.

Fertilizer Production Facility
Representation of IFC and a syndicate of around 20 development financial institutions and commercial lenders on the financing of the US$1 billion expansion of a world-scale urea fertilizer production facility near Port Harcourt, Nigeria.

Nacala Port and Rail Corridor
Representation of Vale S.A. and Mitsui & Co., Ltd. on the development and US$2.73 billion financing of the landmark Nacala Corridor Railway and Port Project, an integrated and transformative infrastructure project supporting growth along a regional corridor shared by two countries, Mozambique and Malawi.

Chrysaor RBL
Representation of Harbour Energy and Chrysaor on the up to US$1.5 billion senior secured reserved based lending, together with a US$400 million junior facility, for the purpose of acquiring certain North Sea assets from Shell. The transaction is the 5th largest UK North Sea acquisition ever and the 2nd largest in the last 10 years, the largest private equity investment for a UK North Sea acquisition and the largest RBL for a UK North Sea acquisition. 

Shuweihat 2 IWPP in UAE
Advised the sponsors, ADWEA, TAQA, GDF Suez, Marubeni and Osaka Gas, on the partial bond refinancing of the US$2.3 billion Shuweihat 2 IWPP. This deal was awarded the Middle East Bond Deal of the Year by Project Finance International and Project Finance magazine.

Emirates Aluminium Project (Phase II) in UAE
Representation of the lenders, including commercial banks and export credit agencies EDC, US Ex-Im, Bpifrance, Euler Hermes and K-Exim, in connection with the financing of Phase II of the US$10 billion Emirates Aluminium Project in the UAE. This deal was awarded "Middle East Industrial Deal of the Year" by Project Finance International.

New World Resources
Representation of New World Resources group, the central European hard coal producer, on the restructuring of its balance sheet via a UK Scheme of Arrangement and a Rights Issue and Placing as well as its subsequent review of strategic options.