Legal DealFolio - Acquisition of Abbot Point Coal Terminal

Allen & Overy recently acted for Standard Chartered Bank (SCB) as lender to Adani Enterprises Ltd (Adani, ADE IN), India's biggest coal importer, on the acquisition of Abbot Point Coal Terminal in Queensland, Australia. Allen & Overy advised SCB on the provision of a USD1 billion loan facility to assist Adani in its bid, as well as a letter of credit facility for the required bid bond. Financial Close occurred on 1 June. Allen & Overy's partner Chris Robertson commented: "We are seeing increasing interest from Indian corporates in Australian assets, particularly infrastructure assets and natural resources, with initial acquisition financing arranged by the purchaser's relationship banks. Closing such a significant financing in a very short time frame and across multiple jurisdictions was pretty satisfying and involved spending considerable time getting to understand how the terminal operates and the future expansion plans, as well as taking account of some of the legal issues that are peculiar to financing provided to an Indian buyer." The Allen & Overy team were led by partners Chris Robertson (Sydney) and Kayal Sachi (Singapore), who were assisted by senior associate Simon Gutkin and senior lawyers Dan Lee and James Gibson.

Deal Date:	15-06-2011	Practice Area:	Project Finance and Infrastructure
Deal Title:	Acquisition of Abbot Point Coal Terminal	Industry:	Mining
Description:	Allen & Overy recently acted for Standard Chartered Bank (SCB) as lender to Adani Enterprises Ltd (Adani, ADE IN), India's biggest coal importer, on the acquisition of Abbot Point Coal Terminal in Queensland, Australia. Allen & Overy advised SCB on the provision of a USD1 billion loan facility to assist Adani in its bid, as well as a letter of credit facility for the required bid bond. Financial Close occurred on 1 June. Allen & Overy's partner Chris Robertson commented: "We are seeing increasing interest from Indian corporates in Australian assets, particularly infrastructure assets and natural resources, with initial acquisition financing arranged by the purchaser's relationship banks. Closing such a significant financing in a very short time frame and across multiple jurisdictions was pretty satisfying and involved spending considerable time getting to understand how the terminal operates and the future expansion plans, as well as taking account of some of the legal issues that are peculiar to financing provided to an Indian buyer." The Allen & Overy team were led by partners Chris Robertson (Sydney) and Kayal Sachi (Singapore), who were assisted by senior associate Simon Gutkin and senior lawyers Dan Lee and James Gibson.
Financial Center:	Sydney	Value:	100.01-500.00
Advised Party:	Purchaser	Law Firm	Allen & Overy
Assets Jurisdiction	Australia	Purchaser Jurisdiction	India
Classification:	Transfer of Infrastructure Assets Port and Terminal Assets	Lawyer	Chris Robertson

Practice Areas -

Project Finance and Infrastructure Law Firms and Lawyers

Practice Areas - Project Finance and Infrastructure Law Firms and Lawyers