Global legal practice Norton Rose Fulbright advised a syndicate of lenders on a limited recourse financing
to PT Hoegh LNG Lampung for the purpose of financing the construction of one LNG Floating Storage and Regasification Unit (FSRU) under construction in Korea and the procurement of a tower yoke mooring system.
The Sarulla project will obtain construction and term loans under a limited recourse financing
package of direct loans from JBIC and ADB, as well as loans from the Covered Lenders backed by political risk guarantees from JBIC.
Internationally, Rabobank is a premier bank to the food, beverage and agribusiness industry, as well as a leading financial partner in the renewable energy and project finance area, offering non- and limited recourse financing
to solar, onshore and offshore wind, and bioenergy projects.
Jeff is experienced in limited recourse financing
structures of all types, including asset-backed loans and asset-backed securities," stated Rocky Lee, Head of Cadwalader's Asia practice.
In order to observe prudence, while undertaking Limited Recourse Financing
for Infrastructure Projects, banks/DFIs shall secure their interest by Primary Security/Collateral, besides either one or a combination of the Secondary Securities/Collateral.
He added that Emirates Steel's limited recourse financing
is scheduled to reach financial close before the end of August 2010.
And in July last year GDF Suez, the French-based energy company, along with Gulf Investment Cooperation (GIC) completed limited recourse financing
for the $2.
Last July, GDF Suez, the French-based energy company, along with Gulf Investment Co-operation completed limited recourse financing
for the $2.
5 billion through limited recourse financing
to cover the financing needs of the first and second phases of the expansion.
Large power stations are expensive and limited recourse financing
may be required, whereas project sponsors may wish to finance the LNG terminal on a recourse basis.
The debt facility is structured as a limited recourse financing
consisting of a pre and post-completion construction financing of up to US $300 million that converts into a 5-year US $300 million amortizing term loan following delivery of the Sevan Voyageur to Oilexco North Sea.
The funding is the first limited recourse financing
deal in the Ukrainian renewable energy sector, which means that Novoazovskiy Wind Park established solely to generate electricity does not require external guarantees for the purposes of loan repayment.