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29Apr

A&Q REPRESENTS LENDERS IN PKR 1 BILLION SYNDICATED ISLAMIC MUSHARAKA FACILITY TO LEADING PHARMACEUTICAL COMPANY TO SUPPORT EXPANSION OF WAREHOUSE AND AMPOULE LINE

With A&Q as legal counsel, a syndicate of banks have successfully disbursed a PKR 1 billion Islamic long-term facility to a leading pharmaceutical company with manufacturing facilities in Karachi, for the purpose of funding:(1) the expansion of the borrower's warehouse, and(2) the extension of its ampoule line.Being a shariah compliant...

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01Feb

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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01Feb

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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31Jan

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...

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31Jan

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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