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Apical – borrowing-base facility
26 March 2010
Strong structure gives roots for growth
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MLA: WestLB
Borrower: AAA Oils & Fats (Singapore); Global Advance Oils & Fats (Macao)
Amount: $125 million (debt) $151 million (equity)
Tenor: 2-years
Lawyers: Rajah & Tan |
Within this transaction, WestLB’s Asia-Pacific commodity finance team based in Singapore structured a seamless borrowing-base facility for two trading companies involved in trading oils and fats – namely, AAA Oils & Fats (Singapore) and Global Advance Oils & Fats (Macao), both part of the Apical group. The facility is unique, and well-structured on a transactional basis with Basel II compliant securities.
WestLB is acting...
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