Tom is a finance lawyer with more than 18 years experience. He focuses on project finance, acquisition finance, reserve-based lending, Islamic finance, commodity-based financings, export credit finance and other structured finance transactions across a wide variety of sectors and industries. Tom is described in Chambers UK 2020 as being "an expert in... reserve based lendings" and able to "Help bridge the gap between two sides' diverging desires and interests by being calm and practical…incredibly effective, very responsive and very pragmatic." (Chambers Global 2017)
Reserve Based Lending
Energean's acquisition of Edison Exploration & Production S.p.A.
Representation of Energean Oil & Gas plc on its acquisition of Edison Exploration & Production S.p.A. (Edison E&P) for US$750 million, with additional contingent consideration of US$100 million payable following first gas from the Cassiopea development (expected 2022), offshore Italy.
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.
Representation of the mandated lead arrangers on a multi-million senior secured borrowing base facility for the purposes of financing the acquisition of assets by Trident Energy from Petrobras located in Brazil.
Sadara Chemical Complex
Representation of Saudi Aramco on the US$12.5 billion project financing of the world-scale integrated Sadara chemical complex in Jubail Industrial City, Saudi Arabia.
Nord Stream Gas Pipeline Project
Representation of Nord Stream AG in connection with Phase 1 of the €9bn Nord Stream gas pipeline project connecting the Russian and European gas grids which raised €6.5bn of debt in the international project finance market.
Karish Gas Project
Representation of Energean on its US$1.25 billion development financing of the Karish and Tanin fields, offshore Israel (PFI Awards "EMEA Oil & Gas Deal of the Year 2018").
Representation of DNB Bank ASA as mandated lead arranger and lender on the financing of the Arctic Satellite Broadband Mission. The project, which will benefit from support from the Norwegian Export Credit Guarantee Agency (GIEK), is being executed and will be operated by Space Norway, a state-owned limited company that is managed by the Norwegian Ministry of Trade, Industry and Fisheries.
Representation of a syndicate of banks including BNP Paribas, Natixis, Société Générale, Crédit Agricole and Crédit Industriel et Commercial in providing a US$586 million credit facility to Globalstar, Inc., a leading provider of mobile satellite voice and data services, with credit support from BPIFAE
Representation of a syndicate of banks on the project financing of the MEASAT M3b satellite, with credit support from BPIFAE.
Power / Renewables
Representation of the lenders on the financing of a UK biomass project.
Representation of the lenders on the financing of the US$2.2 billion Riyadh PP11 independent power project in the Kingdom of Saudi Arabia (including financing by way of commercial loans, Islamic financing instruments and export credit from US Ex-Im Bank).
Representation of a fund on the project financing of a CCGT power project in the Netherlands.
Corporate and Sovereign Lending
Saudi Aramco US$2bn UKEF Facilities
Representation of Saudi Aramco on its US$2 billion UKEF guaranteed corporate facility.
YASREF Corporate Facilities
Representation of Yanbu Aramco Sinopec Refining Company (YASREF) Limited and its shareholders, Saudi Aramco and Sinopec on its US$4.7 billion syndicated loan facilities.
Saudi Aramco US$10 billion Revolving Credit Facilities
Representation of Saudi Aramco on its landmark US$10 billion revolving credit facilities which are divided into two US dollar conventional tranches (in an aggregate value of US$7 billion) and two Saudi Riyal murabaha tranches (in an aggregate value of US$3 billion).
KSA US$10 billion Sovereign Loan
Representation of the commercial banks in connection with the US$10 billion sovereign facility for the Kingdom of Saudi Arabia.
Ranked as a leading lawyer in Chambers UK 2020 (Projects), Legal 500 (Trade Finance) and Who's Who Legal (Project Finance and Islamic Finance)