You have0 free article left this month.
Register for a free account to access unlimited free content.
You have 0 free article left this month.
Register for a free account to access unlimited free content.

Lawyers Weekly - legal news for Australian lawyers

Powered by MOMENTUM MEDIA
lawyers weekly logo

Powered by MOMENTUM MEDIA

Goodbye job applications, hello dream career
Seize control of your career and design the future you deserve with LW career

Clutz advises on $US30 million borrowing

Clayton Utz has acted on Nido Petroleum Limited's facility to fund Galoc oil field Phase II development, located in the offshore North West Palawan Basin in the Philippines.

user iconDigital 25 July 2012 Big Law
Clutz advises on $US30 million borrowing
expand image

Firms: Clayton Utz (Nido Petroleum), Herbert Smith Singapore

Deal: Senior secured borrowing base facility of up to $US30 million provided by Standard Bank

Area: Corporate banking

Value: $US 30 million

Key players: Clayton Utz banking partner Rohan Mishra (pictured) led the firm's team, which included senior associate Kate Casellas and lawyer Amanda Bedford

Deal significance: The facility will fund a significant portion of Nido Petroleum Limited's share of funding for the Galoc oil field Phase II development, located in the offshore North West Palawan Basin in the Philippines.

Mishra said the transaction reflected the ability of oil and gas exploration and production companies to secure funding on attractive terms for projects, despite the current uncertain market conditions for financing.

Tags
Comments (0)
    Avatar
    Attach images by dragging & dropping or by selecting them.
    The maximum file size for uploads is MB. Only files are allowed.
     
    The maximum number of 3 allowed files to upload has been reached. If you want to upload more files you have to delete one of the existing uploaded files first.
    The maximum number of 3 allowed files to upload has been reached. If you want to upload more files you have to delete one of the existing uploaded files first.
    Posting as
    You need to be a member to post comments. Become a member for free today!