Nathaniel Crowley

Derivatives

• MidOcean Energy (an EIG portfolio company) on its proposed acquisition of Origin Energy Limited in consortium with Brookfield Transition Fund. The transaction was intended to occur by scheme of arrangement valuing Origin at over AUD 18 billion (about US$12 billion). The M&A did not close due to shareholder non-approval but Nate led the Hong Kong Derivatives team in advising in the context of the transaction on a complex novation structure for an extensive pool of commodity and foreign exchange hedging.
• A US-headquartered global alternative investment firm on two structured participation arrangements linked to its investments in the debt facilities (loan and bond, respectively) of: (1) an Indonesia-based KKR portfolio company and (2) an Indonesian investment vehicle of Provident Capital.
• Various Middle Eastern sovereign wealth funds and local banks on their hedging and related collateral arrangements and funding transactions.
• Goldman Sachs Hong Kong on a USD/RMB FX Facility linked to a US$60 million NPL portfolio purchase for Oaktree Capital.
• A Singapore unit of an Indian educational technology company in relation to series of secured fundraisings, the proceeds from which were used to fund the acquisition of shares in another Indian educational institution. The transaction was significant as it involved a novel derivative-supported structure.
• A leading global bank on three funded total return swap transactions entered into by an Isle of Man-based investment vehicle involving the shares of a leading Malaysian leisure and hospitality group as well as the related security arrangements.
• The Reserve Management Team of the Central Bank of the United Arab Emirates on multiple OTC derivatives and repo documentation and related regulatory matters with over 30 global banks across the Americas, EMEA and Asia-Pacific.

Securitization

• BNP Paribas in Hong Kong as arranger and initial note purchaser on the refinancing of a US$120 million securitisation warehouse for Hong Kong credit card receivables originated by Prime Credit Limited.
• The lead arranger, initial purchaser and cross-currency swap provider in respect of a credit card securitisation transaction with receivables originated from a credit card company headquartered in South Korea.
• BNP Paribas as lead arranger, initial purchaser and cross-currency swap provider in respect of a US$300 million credit card securitisation transaction with receivables originated from SamsungCard Limited in South Korea rated by Moody's. The transaction was one of the first sustainability-linked ABS transactions in Asia-Pacific.