ADNOC Global Trading Ltd.’s USD1.2 Billion Club Facility

ADNOC Global Trading Ltd.'s USD1.2 Billion Club Facility

In UK Allen & Overy, Shearman & Sterling, advised on the matter.

Allen & Overy advised Abu Dhabi Commercial Bank, Deutsche Bank, HSBC, Société Générale Corporate & Investment Banking, Standard Chartered, Sumitomo Mitsui Banking Corporation, UniCredit Bank AG with a team including Paul Cluley (Finance).

Shearman & Sterling advised ADNOC Global Trading with a team including Patrick Clancy (Finance), Philip Stopford (Finance).

ADNOC Global Trading (AGT) was incorporated in 2020 and is a joint venture between ADNOC, ENI and OMV, trading in refined products, supply feedstock and paper markets for third party barrels as well as derivatives. This is the debut financing which is considered the cornerstone for its ambitious business plan and the facility will support the progress and expansion of AGT.

The club of seven major banks included Standard Chartered Bank, HSBC, Abu Dhabi Commercial Bank, Deutsche Bank, Societe Generale Corporate & Investment Banking, SMBC and UniCredit Bank.

Partner Samer Eido (Picture) led the A&O Banking team based in Dubai, Abu Dhabi and London, assisted by partner Paul Cluley, senior associates Afsha Karim and George Chrysospathis and associates Imogen Parmar, Ramone Bedi and Zaid Al Shammary.

The Shearman & Sterling group included Philip Stopford, Renad Younes, Laleh Shahabi, Patrick Clancy, Sara Couling, Patrick Clarke, Katherine Mcalinden, Claire Hunter, and Eoin Coffey.

Involved fees earner: Zaid Al Shammary – Allen & Overy; Ramone Bedi – Allen & Overy; George Chrysospathis – Allen & Overy; Paul Cluley – Allen & Overy; Samer Eido – Allen & Overy; Afsha Karim – Allen & Overy; Imogen Parmar – Allen & Overy; Patrick Clancy – Shearman & Sterling; Patrick Clarke – Shearman & Sterling; Sara Couling – Shearman & Sterling; Claire Hunter – Shearman & Sterling; Katherine McAlinden – Shearman & Sterling; Laleh Shahabi – Shearman & Sterling; Philip Stopford – Shearman & Sterling; Renad Younes – Shearman & Sterling;

Law Firms: Allen & Overy; Shearman & Sterling;

Clients: Abu Dhabi Commercial Bank; ADNOC Global Trading; Deutsche Bank; HSBC; Société Générale Corporate & Investment Banking; Standard Chartered; Sumitomo Mitsui Banking Corporation; UniCredit Bank AG;

Author: Giulia Di Palma

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