Global law firm White & Case LLP has advised VTTI on its US$1.7 billion refinancing.
The new financing consists of a mix of institutional and bank debt to finance VTTI's growth plans. A new common terms platform has been put in place which will allow for more debt to be raised in the future.
VTTI is a global leader in independent energy and now develops the critical energy infrastructure needed to move towards a carbon neutral future. The company safely provides and expands access to essential energy, including fuels, chemicals, gasses and other energy derived products, and accelerates the transition to sustainable sources for customers and partners. VTTI is headquartered in Rotterdam, the Netherlands, and the company is owned by Vitol, IFM Investors and ADNOC.
The White & Case team which advised on the transaction was led by partners Katie Hicks and Elizaveta Bazarova (both London) and included partners Anthony Colegrave, Will Smith (both London), Elodie Gal (New York), Armando Rivera Jacobo (Washington, DC) and William Watson (Dubai), counsel Henrikki Harsu (New York) and Willem Van de Wiele (Brussels, Luxembourg) and associates Jonathan Toffolo, Miles Tonkin, Azamat Gaysenov, Nada Hussein, Luke Allen, Ashwati Venkatesh, Eric Burke-Arevalo, Hannah Bragge, Lara Taylor, Alex Buchanan (all London), Jared Metzker (New York), Maxim Arrazola de Onate (Brussels, Luxembourg), Kacper Sztejter, Scott Goldner (both Brussels), Sam Manful and Daniel Faber (both Dubai).
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