Ahmed & Qazi

Closing of Solar project finance

Led by Nazif Ahmed (Head — Corporate) and Aroma Ali (Senior Associate), A&Q acted as the project financiers’ legal counsel for this solar project finance deal. K-Solar (Private) Limited, a subsidiary of K-Electric is pleased to announce the successful financial close of our renewable energy venture at Bulleh Shah Packaging Pvt. Ltd. (BSP) , a...

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PKR 3.4b project sblc closed in 3 days

Today, with A&Q as legal counsel, a leading bank successfully closed a PKR 3.4 billion project standby letter of credit facility to the majority sponsor of a leading coal production company.The purpose of the SBLC Facility was to secure the sponsor’s equity injection commitments towards the financiers of the coal...

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A&Q engaged by two banks for PKR 600m restructuring

A&Q has been engaged by two banks for bilateral restructuring of liabilities of a poultry and ruminant feed company, for an aggregate amount of PKR 600M.The restructuring involves sponsor support commitment as well as a comprehensive collection account and distribution mechanism across all the R/R lenders.A&Q team for these matters...

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A&Q closes Libor to Sofr transition: cross-border project finance

Representing Islamic Corporation for the Development of the Private Sector (ICD), The OPEC Fund for International Development and DEG Deutsche Investitions und Entwicklungsgesellschaft mbH, A&Q successfully closed the transition from London Inter-Bank Offer Rate (LIBOR) to the Secured Overnight Financing Rate (SOFR) in relation to the following project finance facilities...

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Representing Sindh bank, A&Q closes PKR 4.3b omni group company restructuring

Representing SBL, after the approval of the deal by the Honorable SHC, A&Q has successfully closed a major restructuring of PKR 4.3 billion liabilities of Tando Allayar Sugar Mills Limited, an Omni Group company.The transaction required a number of complex and challenging legal areas to be covered.In order to safeguard...

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