EXPERIENCE

Tom's experience includes advising:

Project Development and Finance

• Saudi Aramco on the development and project financing of its landmark carbon capture and sequestration project in Saudi Arabia
• The pathfinder ECAs on a US$20 billion Asian fully integrated LNG project, which includes significant carbon reduction project
• Sponsors on the project financing of the Lobito railway corridor in Angola
• Saudi Aramco on the US$12.5 billion project financing of the world-scale integrated Sadara chemical complex in Jubail Industrial City, Saudi Arabia*
• Saudi Aramco on the US$8 billion SATORP refinery project, Saudi Arabia (including the US$2.3 billion partial refinancing and structuring for the Amiral expansion project)*
• Nord Stream AG in connection with Phase 1 of the €9 billion Nord Stream gas pipeline project connecting the Russian and European gas grids, which raised €6.5 billion of debt in the international project finance market*
• JBIC and the international commercial banks in connection with the US$20 billion project financing of the Sakhalin II (Phase 2) integrated Oil & Gas and LNG Project in Russia*
• Qatar Petroleum in the financing of the QGII LNG trains in Qatar*
• A confidential international marketer and technology licensor in a joint venture for the development of a project for the ownership, financing, construction operation, and maintenance of a world-scale greenfield propane dehydrogenation unit (PDH) and a polypropylene unit (PP) in Saudi Arabia
• The lenders on the proposed project financing of a working interest in the Monument field, US Gulf of Mexico
• Export credit agencies and commercial lenders in relation to the US$1.615 billion financing of the FPSO Alexandre de Gusmão to be deployed in the Mero field offshore Brazil — the transaction was named the Oil & Gas Deal of the Year, FPSO by IJ Global Awards 2023
• Export credit agencies and commercial lenders in relation to the US$1.63 billion financing of the FPSO Almirante Tamandaré to be deployed in the Búzios field offshore Brazil
• Trafigura on the senior debt refinancing and US$100 million mezzanine financing for Genser Energy’s expansion of their existing gas pipeline network with a 100km trunk line to Kumasi (Ghana’s second largest city), the development of a 200mmscf/d gas processing plant in Prestea, and the expansion of a natural gas liquid storage terminal at the Takoradi Port
• Energean on its US$1.25 billion development financing of the Karish and Tanin fields, offshore Israel (and bond refinancing)*
• The lenders to the US$1 billion Shenandoah Oil & Gas Development Project in the US Gulf of Mexico*
• Noble Energy on the Leviathan gas project (including proposed gas offtake arrangements between Israel and Jordan)*

Corporate and Sovereign Lending

• A sovereign wealth fund on multiple multi-billion dollar corporate loan arrangements, including untied arrangements with ECAs
• An energy company on a US$6 billion framework agreement with KEXIM
• SACE and HSBC Bank on a first-of-its-kind SACE guaranteed financing with an Islamic finance structure (Commodity Murabaha) in favor of the IFFCO Group, an international food and beverage group headquartered in the United Arab Emirates, as part of SACE’s Push Program
• Saudi Aramco on its US$2 billion UKEF guaranteed corporate facility*
• Yanbu Aramco Sinopec Refining Company (YASREF) Limited and its shareholders, Saudi Aramco and Sinopec, on its US$4.7 billion syndicated loan facilities
• Luberef on its SAR$1.7 billion and US$150 million syndicated corporate loan facilities*
• Saudi Aramco on its US$10 billion revolving credit facilities, which are divided into two US dollar conventional tranches (in an aggregate value of US$7 billion) and two Saudi Riyal murabaha tranches (in an aggregate value of US$3 billion)*
• Saudi Aramco on its US$10 billion term loan corporate facility*
• Saudi Aramco on multiple corporate ECA framework agreements*
• The commercial banks in connection with the US$10 billion sovereign facility for the Kingdom of Saudi Arabia*

Acquisition Finance

• An energy major and the other lenders on the acquisition financing for a buyer in respect of its proposed acquisition of certain of the energy major's onshore/offshore assets in Nigeria
• EIG on the financing arrangements in connection with the acquisition of a 25% stake in Repsol Upstream, a newly-formed global exploration and production company comprising Repsol’s entire global upstream oil and gas business
• The lenders on the multi-billion acquisition financing of multiple energy storage terminals across the globe
• The lenders to Apex Energy on the acquisition financing of certain oil and gas assets located in Egypt
• Energean Oil & Gas plc on its acquisition of Edison Exploration & Production S.p.A. (Edison E&P) for US$750 million (including bridge facility and take-out financing)*
• Harbour Energy and Chrysaor on the up to US$1.5 billion senior secured reserve-based lending, together with a US$400 million junior facility, for the purpose of acquiring certain North Sea assets from Shell*
• Mandated lead arrangers on a multi-million senior secured borrowing base facility for the purposes of financing the acquisition of assets by Trident Energy from Petrobras located in Brazil. This is the first reserve-based lending to be funded in Brazil*
• The lenders to Trident Energy on an up to US$600 million senior secured borrowing base facility agreement for the purposes of financing the acquisition of assets located in the Republic of Equatorial Guinea*
• The lenders to Cairn and Cheiron on an up to US$325 million senior secured borrowing base facility agreement for the purposes of financing the acquisition of Shell’s assets located in Egypt

Power/Renewables/Hydrogen

• RWE on project finance matters in connection with their joint venture with Masdar to develop 3 GW Dodger Bank South Offshore Projects
• The commercial banks, Islamic financiers, and hedging banks on the US$1.2 billion refinancing of the Al Dur Independent Water and Power Project (Al Dur IWPP) in Bahrain
• Barakah One on its US$2.42 billion refinancing of the Barakah Nuclear Energy Plant. This project was named ESG Loan Deal of the Year by Bonds, Loans & Sukuk Middle East Awards 2024
• The lenders on the proposed project financing of a gas-fired CCGT power plant in the UK
• The lenders on the financing of a portfolio of UK power assets (including a biomass project)*
• The lenders on the financing of the US$2.2 billion Riyadh PP11 independent power project in the Kingdom of Saudi Arabia*
• A fund on the project financing of a CCGT power project in the Netherlands*
• The project company on the proposed financing of a green hydrogen project in the Kingdom of Saudi Arabia*

Satellite/ Telecommunications / Data Center Finance

• The lenders on a senior secured green term loan financing in connection with the expansion of a data center campus in Iceland, which is wholly powered by renewable energy
• The lenders on the proposed project financing of a constellation of new satellites
• A potential strategic investor on the acquisition of an interest in a satellite project
• A syndicate of banks on the project financing of a new satellite for an Indonesian operator pursuant to a PPP arrangement, with credit support from BPIFAE*
• A syndicate of banks on the project financing of MEASAT M3d satellite, with credit support from BPIFAE, UKEF, and Hermes*
• A syndicate of banks on the project financing of the MEASAT M3b satellite, with credit support from BPIFAE*
• Ovzon on the project financing of the launch and construction of a new satellite*
• A satellite company based in Azerbaijan on its proposed satellite project financing from Export Development Canada*
• BPIFAE lenders and Ex-Im Bank in connection with the financing of the purchase of the Amazonas 3 Satellite by Hispasat Canarias. The financing consists of a term loan facility for up to €165 million, provided by JP Morgan Chase and guaranteed by Ex-Im Bank, and a US$96 million credit facility with credit support from BPIFAE*
• BBVA, BNP Paribas, and Ex-Im Bank on the corporate financing of Hispasat S.A., a leading satellite operator, which included a US$109 million credit facility guaranteed by US Ex-Im Bank and a US$69 million credit facility with credit support from BPIFAE*
• A syndicate of banks including BNP Paribas, Natixis, Société Générale, Calyon, and Crédit Industriel et Commercial in providing a US$586 million credit facility to Globalstar, Inc., a leading provider of mobile satellite voice and data services, with credit support from BPIFAE*
• DNB Bank ASA as mandated lead arranger and lender on the financing of the Arctic Satellite Broadband Mission. The project, which will benefit from support from the Norwegian Export Credit Guarantee Agency (GIEK), is being executed and will be operated by Space Norway, a state-owned limited company that is managed by the Norwegian Ministry of Trade, Industry and Fisheries. Space Norway is building and launching two satellites designed to operate in highly elliptical orbits to offer mobile broadband coverage to civilian, government, and military users in the Arctic*

Mining & Metals

• The issuer with significant resources in Africa on its inaugural bank/bond issuance
• On the financing of numerous greenfield smelters and expansion projects, including Sohar (Oman) and Sarawak (Malaysia)*
• The project company on the proposed financing of a gold project in Kazakhstan*
• The lenders on the financing of a steel project in Ukraine*

Reserve Based/Borrowing Base Lending

• A multinational commodities trader and a distributor of transportation fuels and major biodiesel producer in connection with (i) a US$700 million borrowing base facility secured against refined oil related products, including bioethanol, biodiesel, and used cooking oil, in multiple jurisdictions, and (ii) a related US$75 million term loan facility
• The lenders on a reserve-based lending of a gas project in Romania
• The lenders to Fieldwood Mexico in relation to the US$250 million phase 1 Ichalkil and Pokoch oil and gas development project, Gulf of Mexico*
• HSBC Bank plc, IFC, and EBRD in connection with an up to US$200 million (US$500 million including accordion option) secured revolving reserve-based lending facility to Cheiron Finance Limited in relation to its Egyptian oil and gas assets*
• The lenders on the up to US$500 million reserve-based lending facility in respect of Petroceltic International plc and its portfolio of assets in Romania, Algeria, Egypt, Italy, and Bulgaria (including advising on the debt restructuring)*
• Standard Chartered Bank on the up to US$100 million senior secured term loan facility for the purposes of financing operating assets located in onshore Pakistan. This is the first reserve-based lending to be funded in Pakistan*
• A private equity sponsor and an independent E&P oil and gas company on the proposed RBL development financing of a significant North Sea oil and gas field*
• The mandated lead arrangers on the up to US$200 million reserve-based lending in respect of a major gas field development in the Black Sea, Romania*
• The mandated lead arrangers in respect of a US$200 million senior reserve-based lending facility and a US$130 million junior facility provided to Core Energy AS in respect of a portfolio of assets located in the Norwegian Sea*

*Matter handled prior to joining Latham