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About Mark
Mark represents lenders, sponsors/borrowers, trading companies and international financial institutions in a variety of traditional and creative secured and unsecured credit transactions. He has experience in a broad range of financings, including reserve-based and borrowing base lending, pre-export and prepayment financings, letter of credit and guarantee issuance facilities and traditional corporate facilities. Much of Mark’s practice consists of representing international banks in connection with structured syndicated and cross-border credit facilities to exploration and production companies, midstream companies and commodity trading and storage companies, including in emerging markets.
Experience
Recent Notable Matters
Neptune Energy — as borrower in connection with a syndicated USD 1,500,000,000 borrowing base facility and a syndicated EUR 200,000,000 reserve-based letter of credit facility
Lekela Power — acting for Mauritius Commercial Bank and ABSA Bank as arrangers, bookrunners and structuring banks for the multi-currency, structurally subordinated holdco financings to a consortium led by Infinity Power and AFC for the acquisition of Lekela Power and its $2 billion pan-African portfolio of renewable energy projects from Actis, a leading emerging markets private equity firm
A syndicate of lenders — in relation to up to £400,000,000 term and revolving facilities to a UK operator of combined heat and power (CHP) facilities
Hellas Gold Single Member, S.A. — €680 million project financing facility for a subsidiary of Eldorado Gold Corporation for the development of the Skouries gold and copper mine in Northern Greece
Norwegian bank — in relation to a syndicated USD 5,000,000,000 multicurrency term and revolving credit facilities to a Swedish oil and gas exploration and production company*
UK bank — in connection with syndicated USD 1,725,000,000 revolving borrowing base facilities to an international banking group, to finance physical and paper trading activities relating to agricultural, energy and metals commodities*
UK bank — in relation to a syndicated USD 350,000,000 facility to an East African pipeline company*
Central African oil trader — as buyer on a USD 250,000,000 prepayment agreement with a Central African oil company, and as borrower under a USD 90,000,000 limited recourse facility agreement with a pan-African development finance institution*
Trading company — as borrower in relation to a USD 169,000,00 limited recourse facility extended by a syndicate of banks and as lender in relation to a USD 179,000,000 guarantee issuance facility to a West African oil producer*
A syndicate of lenders — in connection with an up to EUR 150,000,000 syndicated borrowing base facility to a leading agricultural chemicals and inputs distributor in certain OHADA jurisdictions in Africa*
Middle Eastern oil trader — as buyer on a USD 100,000,000 prepayment agreement for the development of hydrocarbon assets in the Middle East*
Japanese bank — in relation to a syndicated USD 50,000,000 facility to an international commodities trader for the financing of prepayments to a metals producer*
Japanese trading company — in relation to a USD 50,000,000 prepayment agreement relating to the offtake of aluminium from a South African seller*
* Work completed prior to Bracewell