Hogan Lovells Reps Lenders In $252M Oil Storage Financing

Law360, Los Angeles (February 22, 2013, 5:22 PM EST) -- Several banks and a special-purpose borrower have agreed to a $251.8 million financing deal for the Fujairah Oil Terminal in the United Arab Emirates, one of the largest crude-oil and petroleum-product storage terminals in the Middle East, the banks' counsel Hogan Lovells said Friday.

The complex loan, security and swap package was arranged by Credit Agricole Corporate and Investment Bank; First Gulf Bank PJSC; Maybank Investment Bank Berhad; National Bank of Fujairah PSC; Natixis SA, Dubai Branch; and The Bank of Tokyo-Mitsubishi UFJ Ltd., Dubai Branch,...
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