Allen & Overy’s Thailand office acted for Mizuho Corporate Bank, Ltd (as arranger and facility agent) on a $179 million facility provided to Thai Olefins Public Company Limited.
The syndicate of banks consisted of Mizuho Corporate Bank, DBS Bank, Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank Nederland), Singapore Branch, The Bank of Tokyo-Mitsubishi, Bangkok Branch, Oversea-Chinese Banking Corporation Limited, the Singapore branches of The Sumitomo Trust & Banking Co, Chang Hwa Commercial Bank, The Bank of East Asia, the offshore banking branch of Chiao Tung Bank, the Singapore branch of DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt AM Main, the offshore banking branch of E.Sun Commercial Bank, Ltd, The Export-Import Bank of the Republic of China, the offshore banking branches of First Commercial Bank, The International Commercial Bank of China, Land Bank of Taiwan, The Shanghai Commercial and Savings Bank, Ltd, Hua Nan Commercial Bank, Ltd, and Bank of China Limited, Bangkok Branch and BIBF.
Thai Olefins Public Company Limited will use the loan to finance its general corporate expenses including capital expenditure. The Bangkok team comprised banking partner Stephen Jaggs and associates Sean Conaty and Sirirat Cheongvivatkit.