Sponsored by Novatek (50.1%), CNPA (20%), Total (20%) and Silk Road Fund (9.9%), the project involves construction of a 16.5 mtpa three-train LNG plant with feedstock from the South-Tambeyskoye field in the Yamal peninsula.
The loan has an accordion feature for an extra $300 million.
The cooling and thermal management firm said it will refinance existing debt and will offer additional working capital for future use, at a lower cost of capital.
The bookrunners are Bank of America Merrill Lynch, Citi, JP Morgan, Mizuho and RBS.
Hanjin has KRW5.6 trillion ($4.9 billion) of debt on its books, with KDB being the main creditor.
Proceeds finance the upgrade of the existing plant from open-cycle gas turbine to combined-cycle. In addition new heat recovery and steam turbine generators will be added to the plant, increasing capacity by 500MW.
He will focus on longer-dated origination, structured products and new markets.
The member states of EFTA are Iceland, Liechtenstein, Norway and Switzerland, and the agreement covers trade in goods (industrial and agricultural goods, fish and other marine products), rules of origin, trade facilitation and sustainable development.
Holman Fenwick Willan (HFW) has promoted a number of senior lawyers to partner in sectors including commodities, aviation and shipping.
Gupte was previously regional head of treasury and trade solutions (TTS) in Asia Pacific.
The bridge will connect Tangub City, Misamis Occidental and Tubod City, Lanao del Norte and reduce travel time between Tangub and Tubod from the usual 2.5 hours to seven minutes.
The deal - like Mercuria’s $2.5 billion June 2015 facility – is likely to be top heavy on one-year debt given bank discomfort with the commodities space
He replaces Gareth Williams, who is taking over as head of loan syndicate and sales for the region.
The project will be financed via a combination of equity, ECA-covered debt and commercial bank debt.
The Canadian aerospace firm signed a $400 million revolving credit facility with a three-year and two-month tenor and a $400 million letter of credit facility with the same tenor.
The loan was cut by C$35 million following a devaluation of the company’s assets since the last evaluation in May 2015.
The bookrunner was BNP Paribas while BBVA and Societe Generale were mandated lead arrangers.
The facility refinances the borrower’s existing €750 million five-year RCF signed in November 2011
Negotiations for an international tranche of around $7 billion - with potential ECA backing from Kexim, Sace, JBIC, UKEF and Atradius - are underway, albeit unlikely to be finalised until late 2016.
Banks are being offered the same terms as the previous deal but with an extension fee based on allocations.