Trade & Export Credit Agency Finance

Our ECA-supported financings experience includes:

• Aviation Matters
  • Served as counsel to Atlas Air in connection with the U.S. Ex-Im Bank financing of six Boeing 747-8F aircraft and issuance of Exim bonds.
  • Counseled Atlas Air in one of the first Eximbond refinancings, including acquisition of equity in an SPV that leases a Boeing 777-F aircraft to Emirates and refinanced guaranteed loans with Exim bonds.
  • Represented Avions de Transport Regional in connection with Export Development Canada supported financing of five ATR 72-600 aircraft for Azul Airlines.
  • Advised Biman Bangladesh Airlines in connection with the U.S. Ex-Im Bank financing of Boeing 777-300ER aircraft.
  • Counseled Cargolux Airlines regarding U.S. Ex-Im Bank financing of Boeing 747-8F aircraft.
  • Advised CSA Czech Airlines in relation to its ECA financing of Airbus aircraft.
  • Represented EgyptAir in an U.S. Ex-Im Bank financing of five Boeing 737-800 aircraft.
  • Served as counsel to a Middle Eastern airline in connection with the U.S. Ex-Im Bank direct financing of three Boeing 737-800 aircraft.
  • Advised Ethiopian Airlines in connection with the U.S. Ex-Im financing of 10 Boeing 787 aircraft.
  • Represented Ethiopian Airlines in connection with the U.S. Ex-Im Bank financing of Boeing 777-200LR aircraft.
  • Advised Ethiopian Airlines in connection with the Export Development Canada financing of eight Bombardier Q400 aircraft.
  • Counseled Etihad in connection with its ECA financing of A330 aircraft.
  • Advised Nok Air in connection with the Export Development Canada and Investec lease financing of two Bombardier Q400 aircraft.
  • Served as counsel to Philippine Airlines in connection with the U.S. Ex-Im Bank financing of Boeing 777-300ER aircraft.
  • Represented Pluna Lineas Aereas Uruguayas S.A., as lessee, in connection with the Export Development Canada financing of three Bombardier CRJ900 aircraft.
  • Represented Rolls Royce in connection with the ECA financing of Boeing 737-800 aircraft for LOT Polish.
  • Counseled Sun Express in the Ex-Im Bank-supported French tax lease financing of five new Boeing 737-800 aircraft.
  • Represented Sun Express in connection with the Ex-Im Bank-supported Euro-denominated financing of five Boeing 737-800 aircraft.
  • Counseled WestJet in connection with the U.S. Ex-Im Bank financing of Boeing 737-800 aircraft.
  • Counseled Turkish Airlines in connection with the first U.S. Ex-Im Bank financing for spare engines for Airbus aircraft.
• ECA and DFI Representation
  • Advised the lenders in connection with a £29 million ECA facility made available to a Brazilian group of companies. The facility was supported by a guarantee provided by Eurler Hermes.
  • Advised BNDES in connection with financings for Azul, American Airlines, Hong Kong Aviation Capital, JetBlue and Republic Airways.
  • Counseled Development Bank of Japan, as guaranteed lender, in connection with over 20 U.S. Ex-Im Bank financings.
  • Represented Export Development Canada on the finance leases for five ATR72-500 aircraft.
  • Represented Export Development Canada on the financing of four Bombardier aircraft for an Italian carrier.
  • Represented Export Development Canada on financing of ten Bombardier CRJ 900 and Q400 aircraft.
• Financial Institution Representation
  • Advised JP Morgan and other investors on the purchase of Iraqi and Russian debt claims.
  • Advised Habib Bank AG Zurich in relation to certain of its standard form trade finance documentation.
  • Advised a major UK clearing bank on the standardisation of its trade finance documentation including the drafting of general terms which will apply to all trade transactions undertaken by the bank for its customers on a global basis.
  • Advised the lenders in respect of revolving credit facilities and receivables discount facilities made available to JCB Limited (a UK yellow goods manufacturer).
  • Advised a major European bank on a standard form template for forfaiting.
  • Advised JP Morgan in relation to certain standby letter of credit facilities made available to the investors for the acquisition of ProSiebensAT.1 Media AG.
  • Represented ABN-Amro in connection with the U.S. Ex-Im Bank financing of three Boeing 777 aircraft for Pakistan International Airlines.
  • Represented Apple Bank in connection with the financing of two Boeing 747-8F aircraft for Cathay Pacific Airways Ltd.
  • Served as counsel to CACIB in connection with the U.S. Ex-Im Bank financing for AWAS.
  • Advised a multinational financial institution in connection with the U.S. Ex-Im Bank financing of Boeing aircraft for Vietnam Airlines.
  • Represented a multinational financial institution in the U.S. Ex-Im Bank financing of the purchase three Hawker aircraft for Aerolíneas Ejecutivas.
  • Represented a multinational financial institution in the U.S. Ex-Im Bank financing of the purchase of three Boeing 747-400F aircraft for China Airlines.
  • Represented Banco Latinoamericano de Exportaciones in connection with the U.S. Ex-Im Bank financing of two GE CF34-10E5 engines for Copa Airlines.
  • Represented a multinational financial institution in the U.S. Ex-Im Bank financing of the purchase of three Boeing 747-400ERF and one Boeing 777-200ER aircraft for Korean Air Lines.
  • Represented multinational financial institution in connection with the U.S. Ex-Im Bank financing of eight Boeing 737-800 aircraft for South African Airways.
  • Served as counsel to a multinational finance company in connection with its development of the U.S. Ex-Im capital markets product and financing for Emirates.
  • Counseled a multinational bank in connection with the U.S. Ex-Im Bank financing of one Boeing 747-8F aircraft and two Boeing 777 aircraft for an airline based in Hong Kong.
  • Advised Nedbank in its capacity as senior guaranteed lender in the U.S. Ex-Im financing for four Boeing 737-800.
  • Represented the guaranteed lenders in connection with the U.S. Ex-Im Bank financing of two Boeing 747-8F aircraft operated by Korean Air Lines.
  • Represented a multinational financial institution in connection with the U.S. Ex-Im Bank financing of engine restoration services for Pakistan International Airlines.
  • Represented a multinational financial institution in the $366 million U.S. Ex-Im Bank financing of the purchase of three Boeing 777-300ER aircraft and one spare engine for Air India Limited.
  • Represented the ECA lender on an Euler Hermes-backed A320-232 lease financing guaranteed by U.S. Ex-Im Bank for Cathay Pacific Airways Limited.
• Energy Projects
  • Represented Tozzi Green and Ergon Peru on the financing of three off-grid solar power concessions in Peru by commercial banks and Peru development finance institution COFIDE.
  • Represented Globeleq, Inc., in connection with its purchase, development and financing by U.S. Ex-Im Bank and CABEI of a 200 MW portfolio of wind generation assets in Central America.
  • Represented a global banking and financial services company in connection with the U.S. Ex-Im Bank loan to Abener Energia S.A. and Instalaciones Inabensa S.A. in connection with the construction of two solar parabolic trough plants totaling 100 MW.
  • Represented FMO and ABSA Bank Limited on refinancing arrangements in relation to the management buy-out of Copperbelt Energy Corporation (Zambia).
  • Represented JBIC, NEXI, K-Exim and the corporate lenders on the proposed financings for the Hassyan IPP in Dubai.
  • Represented JBIC in relation to its direct investment in the US$3.5 billion Ras Laffan C IWPP in Qatar.
  • Represented the JBIC and the leading Japanese commercial banks on the Sinop nuclear project.
  • Represented multinational financial institution, as U.S. Export-Import Bank facility agent and intercreditor agent, regarding financing of the Talas de Maciel I Wind Project in Uruguay.
• Telecommunications Projects
  • Represented a multinational financial institution in connection with a $214 million senior secured multi-currency term loan financing for cellular provider Digicel Honduras, involving international finance agencies, including the International Finance Corporation.
  • Represented a multinational financial institution in connection with a $170 million senior secured term loan financing for cellular provider Digicel Panama, involving international finance agencies, including the International Finance Corporation.
  • Represented the co-lender in an OPIC-supported financing of a mobile telecommunications project in Lithuania.
• Infrastructure Projects
  • Represented affiliates of American Commercial Lines as borrowers on the project financing by the International Finance Corporation of two port terminals on the Orinoco River.
  • Represented Samsung Engineering, United Utilities and Invest AD regarding the development and financing led by KEXIM of the Muharraq sewage treatment plant in Bahrain.
  • Represented JBIC and the commercial lenders on equity bridge arrangements for proposed financings for Bahrain’s Muharraq wastewater treatment project) and Oman’s Sur IPP.