Practice Areas - International Finance and Bank Credit Law Firms and Lawyers
| Deal Date: | 13-07-2020 | Practice Area: | International Finance and Bank Credit |
| Deal Title: | Ineos Borrowing Base, Term Loan and Revolving Credit Facilities | Industry: | Chemicals |
| Description: |
Ineos, a global leading chemical company, completed a comprehensive approximately USD950 million financing and refinancing, comprising a USD750 million amendment and reinstatement of its existing borrowing base facility, and a new GBP155 million term loan and revolving credit facility.
The facilities were to be used by Ineos to develop its Forties Pipeline System, the largest pipeline system in the UK North Sea. This transformational improvement program would extend the life of the pipeline by an extra 20 years, supporting North Sea Oil and Gas production into the 2040s.
Latham & Watkins advised the banking syndicate on the transaction
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| Financial Center: | London | Value: | 1000.01-5000.00 |
| Advised Party: | Lender | Law Firm | Latham & Watkins |
| Borrower | United Kingdom | Lender | United Kingdom |
| Classification: |
Syndicated and Bilateral Loans Syndicated Loans |
Lawyer | John Balsdon |
