William Watson is a local partner in our Debt Finance practice, based in our Dubai office. William has extensive experience across a broad range of issues in debt finance, including restructurings, leveraged-finance and general corporate finance in the Middle East, London and Africa. William has experience advising banks, ECAs, sponsors and borrowers (corporate and sovereign) in relation to conventional and Sharia-compliant transactions. William has been seconded to financial institutions in both Dubai and London.
Representation of Arabian Centres Company (ACC), Saudi Arabia's leading shopping mall owner, developer and operator, on its dual currency US$1.9 billion refinancing package. The refinancing consists of a senior unsecured US$500 million debut Reg S/144A five-year Sukuk issuance, alongside a senior secured dual (USD and SAR) currency US$1.2 billion (equivalent) Ijara and Murabaha term facilities and senior secured dual (USD and SAR) currency US$200 million (equivalent) revolving Murabaha facility.
Representation of Fawaz Abdulaziz Al Hokair Co., a leading diversified fashion, beauty, and food retailer in Saudi Arabia with international operations across 13 countries and long term relationships with more than 80 leading international retail brands, on its dual-currency US$800 million refinancing package. The refinancing consists of a senior secured dual-currency (USD and SAR) US$650 million (equivalent) Murabaha term facility and a senior secured dual-currency (USD and SAR) US$150 million (equivalent) revolving Murabaha facility.
Representation of the heirs of Abdul Latif Ibrahim Galadari in connection with the acquisition finance facility for the 58.5% stake in Galadari Brothers Co LLC, a diversified business conglomerate with operations spread across multiple business verticals. The AED1.675bn 3-month Bridge Loan with a take-out under a 10-year term and 5-Year bank guaranteed deferred payment facility was one of the largest acquisition finance transactions in the region (Local Currency Deal of the Year 2018, Bond, Loans & Sukuk Middle East).
Representation of SACE and the Finance Parties in connection with a SACE supported USD term facility for the Government of Sharjah, acting through the Sharjah Finance Department.
Representation of The Government of Kenya through the National Treasury in connection with the US$250 million refinancing of a loan from the Eastern and Southern African Trade Development Bank.
Representation of Drydocks World in relation to the first restructuring in Dubai involving a filing under Decree 57. The US$2.2 billion transaction represented the first time a court-based process was used in the UAE to rescue a UAE business.*
Representation of Dubai Group LLC in relation to the financial restructuring of US$10 billion of syndicated debt, implemented by 100% creditor agreement. *
*Deals done whilst at another Firm