Cross-border team advises ED&F Man on refinancing of commodity finance facilities

Global law firm Norton Rose Fulbright advised ED&F Man on the refinancing of its commodity finance facilities, including a US$300m injection of new money, in connection with the US$1.5bn restructuring, completed on 31 March 2022.

The international structured trade and commodity team advising on the deal was led by partner Andrew Wood with assistance from, amongst others, counsel Mark Brighouse, senior associate Tudor Plapcianu, associate Shivani Patel and associate Nadim Somani.

Andrew Wood commented: “This is a hugely successful outcome to a complex transaction with critical importance for ED&F Man. We are delighted that this transaction has concluded smoothly across 30 jurisdictions involving multiple facilities and lender groups”.

Norton Rose Fulbright’s structured trade and commodity finance practice is ranked Tier 1 by both Chambers & Partners and Legal 500. The firm’s lawyers cover the full range of commodities work for clients including financial institutions, alternative financiers, commodity producers, traders, corporations, export credit agencies and other multilateral institutions. They have significant experience advising on structured transactions and devising legal and practical solutions across a variety of products, both in established and emerging markets.