Practice Areas - Project Finance and Infrastructure Law Firms and Lawyers
| Deal Date: | 26-03-2020 | Practice Area: | Project Finance and Infrastructure |
| Deal Title: | Udenna Corporation Acquisition of Malampaya Gas Field Stake | Industry: | Oil & Gas Producers |
| Description: |
Ashurst advised ANZ and ING as the mandated lead arrangers and bookrunners in relation to a USD400 million reserve based lending facility to finance Udenna's acquisition of Chevron's 45% operating interest in the Malampaya gas field offshore Palawan, Philippines.
The Malampaya gas field was developed and operated by Shell Philippines Exploration BV, which also had a 45% interest. The acquisition marked an important milestone for Udenna's long-term ambitions of developing a sustainable energy business in the Philippines.
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| Financial Center: | Singapore | Value: | 100.01-500.00 |
| Advised Party: | Debt Provider | Law Firm | Ashurst |
| Project Location | Philippines | Equity Sponsor | Philippines |
| Classification: |
Project Finance Oil and Gas |
Lawyer | Alfred Ng |
