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APMacao – pre-payment facility
26 March 2010
Sustaining the financing line
|
MLAs: WestLB; Credit Suisse
Borrower: AP Enterprises (Macao)
Amount: $300 million
Tenor: 4-years
Lawyers: Wong Partnership |
Given the global economic conditions of last year, the coordinating mandated lead arranger and bookrunner in this transaction – WestLB – did a remarkable job in structuring a $300 million financing facility for Asian pulp producer AP Enterprises (AP Macao). The financing displays unique structural features and strong covenants.
This deal structure is a combination of structured commodity finance with a pre-payment facility for four years, and a commodity trade finance feature that captures a continuous annual export trade flow of...
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