Mikaela Nikolausson Toumia
Biography
Overview
Mikaela Nikolausson Toumia is an associate in our Debt Finance practice, based in our Dubai office. As well as her experience in the UAE, Mikaela has spent some time in our London office.
Her experience includes advising sovereigns, financial institutions, private equity sponsors and corporate borrowers in relation to a wide range of debt-offerings, banking and finance transactions, including cross-border acquisition finance, refinancing and restructuring projects and general bank lending, under both conventional and Islamic structures.
Experience
Representation of Goldman Sachs Asset Management in respect of a USD 35,000,000 financing and capital investment arrangement in respect of Sunset Hospitality Group, a leading UAE based hospitality provider.
Representation of Gulf International Bank and Bank Muscat in connection with SAR 750,000,000 facilities provided to Shapoorji Pallonji for the purpose of funding the construction of single-family residential units (also known as the ROSHN 2 Phase 2 Project) in Riyadh, Kingdom of Saudi Arabia.
Representation of Investorp Holdings BSC in relation to the refinancing of their dual tranche US$400 million syndicated revolving credit facility and amendment to their US$350 million syndicated revolving credit facilities.
Representation of Investcorp SA and Investcorp Holding BSC in relation to their dual tranche US$250 million syndicated revolving credit facility and their dual tranche US$349 million and €76 million revolving credit facilities.
Representation of Emirates Central Cooling Systems Corporation ("EMPOWER") in connection with its AED5,500,000,000 conventional term loan facilities and standard (long/short) commodity Murabaha Shariah compliant facilities, extended to Empower by Emirates NBD Capital Limited as initial conventional and Islamic mandated lead arranger and Emirates NBD Bank (P.J.S.C.) as original lender and Islamic participant.
Representation of Zakher Marine International, an Abu Dhabi-based offshore vessel service company, in relation to a US$500 million refinancing, consisting of a senior bridge to high-yield facility and senior facilities conventional and Ijarah facilities agreements.
Representation of Fawaz Abdulaziz Al Hokair Co., a leading diversified fashion, beauty, and food retailer in Saudi Arabia with international operations across 13 countries and long term relationships with more than 80 leading international retail brands, on its dual-currency US$800 million refinancing package. The refinancing consists of a senior secured dual-currency (USD and SAR) US$650 million (equivalent) Murabaha term facility and a senior secured dual-currency (USD and SAR) US$150 million (equivalent) revolving Murabaha facility.
Representation of Al Wathba National Insurance Company (PJSC) in respect of a margin loan facility extended by HSBC Bank Middle East Limited.
Representation of The Government of Kenya through the National Treasury in connection with the US$250 million refinancing of a loan from the Eastern and Southern African Trade Development Bank.
Representation of Khalifa Fund for Enterprise Development in relation to a program of bilateral sovereign loans extended to support the establishment of in-country, on-lending platform for micro, small and medium entrepreneurial projects incorporating various ESG principles in countries across Africa, including the Arab Republic of Egypt (US$200 million), the Togolese Republic, the Republic of Mali, the Islamic Republic of Mauritania, the Federal Democratic Republic of Ethiopia (collectively US$165 million) together with additional bilateral loans for the establishment of similar projects in Jordan (US$100 million) and the Republic of Belarus (US$25 million).
Representation of Standard Chartered Bank in connection with a US$200 million financing to United Energy Group; a Hong Kong based upstream oil & gas group with investments across Pakistan.
Representation of the heirs of Abdul Latif Ibrahim Galadari in connection with the acquisition finance facility for the 58.5% stake in Galadari Brothers Co LLC, a diversified business conglomerate with operations spread across multiple business verticals. The AED1.675bn 3-month Bridge Loan with a take-out under a 10-year term and 5-Year bank guaranteed deferred payment facility was one of the largest acquisition finance transactions in the region (Local Currency Deal of the Year 2018, Bond, Loans & Sukuk Middle East).
Representation of ENBD REIT (CEIC) PLC, a leading Sharia-compliant real estate investment trust managed by Emirates NBD Asset Management Limited in connection with (i) a US$177 million (AED 650 million) Sharia-compliant financing facility from Mashreqbank psc, (ii) US$75 million (AED 275 million) Murabaha finance facility from Standard Chartered Bank, and (iii) a subsequent refinancing of both facilities from Emirates NBD through a US$120 million and GBP equivalent of US$80 million Murabaha finance facility from Commercial Bank of Dubai PSC, Emirates NBD Bank (P.J.S.C.) and Emirates NBD Bank (P.J.S.C), London Branch.
Representation of First Abu Dhabi Bank PJSC in its capacity as Arranger, Agent, Security Agent and Lender of a secured US$85 million term loan facility to RAKNOR LLC and guaranteed by the Investment and Development Office, acting on behalf of the Government of Ras Al Khaimah.
Acting for certain Islamic creditors in relation to the ongoing restructuring and administration of NMC.
Acting for the Lender Co-ordinating Committee in relation to a restructuring and settlement of long term financing with a UAE based industrial company.
Representation of Nomura International plc as lender of an unsecured bilateral US$50 million term loan facility to the Commercial Bank of Dubai P.S.C., which was subsequently transferred to National Bank of Kuwait S.A.K.P. (Dubai branch).
Representation of Castik Capital, the German based private equity firm on the debt financing provided by one of Ardian's direct lending funds for the acquisition of the transport and delivery logistics division, Wolters Kluwer Transport Services, from the Wolters Kluwer group.
Representation of HgCapital in a deal where Hg Capital, Cinven and a consortium including Singapore sovereign wealth fund GIC, Montagu Private Equity and Intermediate Capital Group are together investing in Europe's largest software buyout to date, with the NOK 45 billion (US$5.3 billion) acquisition of business technology provider Visma. White & Case acted on the PIK facility and the antitrust aspect of the transaction.
Representation of Cerberus Capital Management, LP, acting via subsidiary Promontoria Holding 202 BV (as a borrower), on Promontoria's acquisition and financing of a portfolio of commercial loans in Germany, Finland, the Netherlands and Denmark from HSH Nordbank AG. Morgan Stanley Bank, N.A. acted as the fronting bank under a trust arrangement in respect of a loan which was unable to transfer from HSH to a non-financial institution either legally or via traditional sub-participation, and as lender under the senior facilities agreement.
Representation of the Republic of Nigeria in connection with the establishment (and upsize) of a US$1.5 billion GMTN programme and subsequent Reg S/144A offering of US$1 billion 7.875% notes due 2032.
Representation of the financiers in the lease financing of an Airbus aircraft to Etihad Airways.
Representation of UKEF and lenders in connection with export credit-supported re-financings including more than 30 Airbus aircraft for AirAsia.
Representation of lenders in connection with limited recourse financings to operating lessors of aircraft portfolios on lease to numerous airlines.
