White & Case LLP advised Pareto Securities as Arranger, Nordic Trustee as Bond Trustee and HSBC Bank as Security Agent and Account Bank on the offering.
Brooge Petroleum and Gas Investment Company FZE (BPGIC), a subsidiary of Brooge Energy Ltd., executed the issuance of USD$200 million five-year secured Norwegian law-governed notes. The bonds were settled on September 24, 2020 and have a fixed coupon of 8.5 percent per annum.
At the time of the transaction, Brooge Energy Ltd conducts all its business and operations through its wholly-owned subsidiary BPGIC, a Fujairah Free Zone Entity. BPGIC is a midstream oil storage and service provider which provides bulk liquid storage facilities and serves customers worldwide.
The White & Case team which advised on the transaction was led by partner Debashis Dey (Dubai & London; Picture) and included local partner Louise Vun (Dubai) and associates Greg Pospodinis and Mikaela Nikolausson (both Dubai).
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