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Paolo Curiel Joins TDJ
as Senior Associate Taylor-DeJongh (TDJ) is pleased to announce that Paolo Curiel has joined the company as a Senior Associate at corporate headquarters in Washington, DC. Mr. Curiel has 6 years of experience advising companies and governments on private investments in energy and infrastructure, including structuring and executing project/structured financings and M&A transactions, performing financial due diligence, developing complex financial models, performing credit analyses, drafting valuations reports and information memoranda, and negotiating term sheets and closing documents. He has worked on projects in several emerging markets including Argentina, Brazil, Jamaica, Panama, Jordan, UAE, Russia, Romania and Vietnam. Prior to joining Taylor-DeJongh, Mr. Curiel was a consultant at the World Bank, where he analyzed investments in emerging markets and Risk Mitigation Instruments and their application in energy and infrastructure sector transactions. At PricewaterhouseCoopers Corporate Finance LLC, he was an Investment Banking Associate in Energy and Infrastructure, where he executed a variety of structured and project finance and M&A transactions. Projects included acquisitions of power plants in the Middle East and China, equity placement and advisory services for the raising of a $290 million private equity fund that invests in energy projects in MENA and East Asia, the first toll road project in Jamaica and the financial plan for the expansion of an airport in Vietnam. Prior to that, he participated in several project financing transactions including the Brazil Eletronet Power Project for AES, a regional airline based in Tbilisi, Georgia, and a feasibility study for a marine oil terminal for Rompetrol. Mr. Curiel has an M.A. in International Business from the School of Foreign Service, Georgetown University, and a Business Degree from the Business School of the Universita degli Studi di Firenze, Italy, and a year of study in economics as an Erasmus Scholar at Reading University, United Kingdom. "We are delighted to have another excellent
addition on board the team. Paolo has a strong project finance background
and will provide experienced support to our clients and projects
in the energy, oil and gas, and transportation sectors" said
Terry Newendorp, Chairman and CEO. June 30, 2005. TDJ Awarded U.S. Ex-Im Saudi Telecom Advisory Taylor-DeJongh has been selected to be a financial adviser to the U.S. Export-Import Bank on a telecommunications project in the Kingdom of Saudi Arabia (KSA). The project aims to enhance wireless communication facilities in the KSA through the implementation of a nationwide iDEN system. Taylor-DeJongh's role in the project will include financial analysis, risk evaluation and structuring of the security package. The project's kick-off meeting was recently held in mid-June in London and was attended by Terry Newendorp, Chairman and CEO and Afonso Reis e Sousa, Vice President. Public Telecomunications Company (PTC), the borrower, presented details of the proposed network, which will use equipment supplied by Motorola. The network will offer the Push-to-Talk (PTT) services known to the U.S. public as Nextel's DirectConnect facility. TDJ and the other parties are now embarking on the due diligence process with a view to reaching financial close by the end of the year. This transaction represents the first-ever commercial or project financing in Saudi Arabia by U.S. Ex-Im Bank. The structuring of Ex-Im Bank's terms and security package could well lay the groundwork for U.S. Ex-Im Bank's participation in some of the massive petrochemical financings to come in that country. The legal advisors to U.S. Ex-Im Bank are Allen & Overy, and the technical and market advisors are Yankee Group. Terry Newendorp and Afonso Reis e Sousa are leading TDJ's efforts with analysis support from Shilpa Shah. "The importance of this project is that it
represents the first-ever project finance loan in Saudi Arabia for
U.S. Ex-Im Bank and we are going to be part of some ground-breaking
work on structuring and security package issues that will impact
a number of future financings." said Terry Newendorp, Chairman
and CEO of Taylor-DeJongh. June 6, 2005. Official Press Release from SAMIR on Refinery Progress Société Anonyme Marocaine de l'Industrie du Raffinage SAMIR and the international consortium comprising the Italian company Snamprogetti S.p.A and the Turkish company Tekfen Construction and Installation, Inc., signed on this day, May 31st 2005, an important lump sum Contract equivalent to 5,4 billion Dirhams for the design, construction and commissioning of the Mohammedia Refinery Upgrading Project. The official signing ceremony was held in the international conferences centre Mohammed VI in Skhirat between Mr. Jamal BA-AMER, General manager of SAMIR on the one hand, and Mr A. Caridi and Mr U. Ozdemir, respectively President of the Snamprogetti and President of Tekfen on the other hand; in the presence of the Minister of Energy and Mines, Mr. Mohamed BOUTALEB, as well as the Ambassadors accredited in Morocco of Saudi Arabia, Italy and Turkey, and the key players in the national economic sector. This project perfectly meets all the elements of the national oil strategy as identified by the High Royal Directives of May 4, 2004. Its implementation will allow Morocco to possess a modern and efficient refining tool that will contribute to improving the quality of refined products as well as reducing air emissions and achieving environmental objectives. The project is part of the large modernization program of Mohammedia refinery, estimated to 6,7 billion Dirhams, achieving the objective of the investment Convention signed on December 20, 2004 between the Moroccan Government and SAMIR. The implementation of this project will enhance
the country's security of supply in oil products, strengthen the
protection of environment, adapt the profile of the production to
the local demand and improve the operational performances of the
company to face the total opening of the hydrocarbons market by
2009. In the same way, the realisation of this project will produce
positive repercussions on the Moroccan economy, especially by increasing
the added value and the jobs created. The financing of the project will be assured by SAMIR equity of up to 2,7 billion (of which 700 million of dirham has already been committed), while the Moroccan banks will contribute up to 2 billion Dirhams, the African Development Bank will contribute with 700 million Dirhams, and the international banks will contribute the balance of funding required. During the same ceremony, SAMIR signed with the engineering company Foster Wheeler Italia S.p.A a Project Management Consultant (PMC) contract for a value equivalent to 127 millions Dirhams. According to this contract, FWI specialists will form with SAMIR engineers the joint Project Management Team, who will be responsible for the supervision of all the design, construction and commissioning works. The implementation of this major project, enrols in the framework of SAMIR commitments and those of its main shareholder, CORRAL Group, in favour of the development of the National Refining Industry with the aim to hoist it to the level of the most modern refineries in Europe, pursuing by the same opportunity its sustained contribution to the Moroccan economic growth. For further information, please contact Mr. Guy
Ranawake, Director, at Taylor-DeJongh Ltd., 44-0207-233-4000. Taylor-DeJongh (TDJ) announced that Afonso Reis e Sousa has joined the company as a Vice President in the London office. Mr. Reis e Sousa's role with Taylor-DeJongh will be to create commercial and financial solutions for clients in their complex infrastructure projects, focusing in the oil and gas and transportation sectors. Mr. Reis e Sousa has 11 years of experience as an international investment banker with experience in advising sponsors on the financing of major capital projects, as well as the evaluation of bids on behalf of concession authorities. Mr. Reis e Sousa's core skills cover project analysis, financial structuring, negotiation of financing terms, transaction agreements, valuations, and financial modelling. He has worked on the financing of infrastructure projects in Russia, Angola, Southern Africa, Kuwait, Saudi Arabia, Portugal, Pakistan and the UK. Prior to joining Taylor-DeJongh, Mr. Reis e Sousa was a consultant (Vice President equivalent) at Dresdner Kleinwort Wasserstein (London) in the Natural Resources, Corporate Finance & Origination Group. Previously, he was part of the Project Finance and Advisory Group at Deutsche Morgan Grenfell (London), where he worked on numerous UK transportation projects and South Asia power projects. Mr. Reis e Sousa holds an MSc in Economics and Finance from the Warwick Business School, University of Warwick and a BSc (Econ) in Industrial and Business Economics from the London School of Economics. He is fluent in Portuguese, French and Spanish and also speaks some German. "We are delighted to have another excellent
addition on board the team. Afonso brings extensive project finance
and advisory experience to further expand Taylor-DeJongh's capabilities
in the global market place." said Terry Newendorp, Chairman
and CEO. Taylor-DeJongh has been awarded a five-year Indefinite Delivery / Indefinite Quantity (ID/IQ) contract by the United States Department of Transportation (USDOT). Through this contract, TDJ will have the opportunity to act as financial advisor to the Federal Highway Administration (FHWA) for their Transportation Infrastructure Finance and Innovation Act of 1998 (TIFIA) Program and to the Maritime Administration (MARAD) with their Maritime Guaranteed Loan (Title XI) Program. TDJ will assist USDOT with applications for credit assistance under these USDOT credit programs. Types of assistance may include: evaluation of the economic soundness of the project and creditworthiness of the applicant for credit assistance; analysis of financial performance of the borrowers; preparation of amortization schedules for the proposed credit facility that also show the debt service coverage; and assist DOT with credit agreement negotiations with the borrower, including performing financial analysis in support of the negotiations and assisting in negotiating the terms of the credit agreement and other documents to be executed by the credit applicant. "Taylor-DeJongh is enthusiastic about this opportunity to assist the US Government with its innovative financing programs for the transportation sector", said Terry Newendorp, Chairman and CEO of Taylor-DeJongh, "because we feel that significant innovation in transportation financing techniques will be vital in the coming years." Taylor-DeJongh is one of the top independent financial advisors in the world. Taylor-DeJongh provides global merchant banking and financial structuring services to a multinational clientele in the development, structuring, negotiating and financing of major capital investments around the world. The firm has over 20 years of experience in structuring successful capital investment transactions in more than 100 countries, with an aggregate value of over US$70 billion. The firm is a global leader in project and structured finance transactions, especially in the oil & gas, power, petrochemical, transportation, telecommunications and other infrastructure sectors. TDJ has offices in Washington, DC and London. Taylor-DeJongh announces the promotion of Roxanne Suratgar to Project Manager in the Washington office. Ms. Roxanne Suratgar has been promoted to Project Manager and is currently acting in that capacity for the team of TDJ, SALANs, ICF Consulting and PFC Energy for the evaluation of restructuring options for SOCAR, the state oil company of Azerbaijan. She also recently managed the Merchant Power Study for the ADB and Financing for Renewables project for APEC. She brings 8 years of international project management experience to the position from Snamprogetti, SINNEA International and Nomisma SpA, where she focused on Central and Eastern Europe. Ms. Suratgar has a BSc in Mechanical Engineering from the University of Exeter, UK and an MBA from Profingest, Bologna, Italy.
TDJ closed QatarGas II
Advisory
December 28, 2004. TDJ closed QatarGas II Advisory Taylor-DeJongh represented U.S. Ex-Im Bank and SACE in connection with the record-breaking U.S. $7.6 billion Qatargas II project financing, which is believed to be the largest ever project energy financing. Qatargas II project (QGII), a joint venture between Qatar Petroleum and ExxonMobil Qatargas II Limited for the production of condensate and LPG, and the supply of liquefied natural gas to the United Kingdom reached financial close on December 15th, 2004. The QGII project breaks new ground in several ways: it is the first LNG project with full net-back pricing along the energy chain; the two trains are the largest LNG process trains constructed anywhere; and the financing includes the largest long-term Islamic Project financing. Taylor-DeJongh assisted the export credit agencies in negotiating the detailed financing terms and documentation. Over a six month period, Taylor-DeJongh performed extensive analysis of the underlying price risk and advised on appropriate financial structures to mitigate these and other risks. These terms and conditions were subsequently released to the commercial bank market once the negotiation with the export credit agencies and transaction structure were completed. December 3, 2004. TDJ awarded Q-Chem II financial advisory Taylor-DeJongh has been awarded another landmark advisory engagement to represent U.S. Ex-Im Bank on the Q-Chem II project. The Q-Chem II Project is the follow-on project to the Q-Chem I Project, a joint venture between Qatar Petroleum ("QP") and Chevron Phillips, which commenced operations in 2003. The Project facilities consist of a petrochemical complex, an ethylene plant ("Cracker"), an ethylene pipeline ("Pipeline") connecting the plant to the complex, and facilities to be shared by Q-Chem I and Q-Chem II. Taylor-DeJongh's responsibilities include detailed analysis of the project structure, and project agreements and negotiation of the financing terms. Taylor-DeJongh has advised both sponsors and lenders on multiple petrochemical and LNG transactions including three projects in Qatar. Currently, Taylor-DeJongh is advising U.S. Ex-Im Bank and SACE on the Qatargas II project. Taylor-DeJongh is one of the top independent financial advisors in the world, having been ranked #1 Oil & Gas Advisor for the past 2 years, and ranked #1 Power Advisor over the period of 1994-2003. Taylor-DeJongh provides global merchant banking and financial structuring services to a multinational clientele in the development, structuring, negotiating and financing of major capital investments around the world. The firm has over 20 years of experience in structuring successful capital investment transactions in more than 100 countries, with an aggregate value of over US$70 billion. The firm is a global leader in project and structured finance transactions, especially in the oil & gas, power, petrochemical, telecommunications and other infrastructure sectors. September 10, 2004. TDJ and SALANS awarded SOCAR restructuring advisory Taylor-DeJongh, together with SALANS, and in collaboration with ICF Consulting and PFC Energy, have won an advisory mandate through the EBRD, to assist SOCAR, the state oil company of Azerbaijan, in streamlining its operations. The scope of work includes establishing a road map for SOCAR that conforms to best international oil and gas industry practices, identifying options and creating a detailed plan to implement the restructuring. Working in close collaboration with senior SOCAR management, the project team will look at all aspects of the State Oil Company, including upstream and downstream aspects of the region which will be of increased international focus. "Taylor-DeJongh and SALANS have an excellent working relationship, and this is an excellent opportunity for us to combine our expertise for the considerable advantage of SOCAR," Terry Newendorp, Chairman and CEO of Taylor-DeJongh. Natiq Aliyev (President of SOCAR) and Dilek Macit (Head of Consultancy Services Unit of EBRD) were the signatories at the project agreement signing ceremony on Sept. 6 in Baku, Azerbaijan. August 25, 2004. TDJ and China Mercants Bank Signed a Cooperation Agreement China Merchants Bank and Taylor-DeJongh signed a Cooperation Agreement in Shenzhen on August 19, 2004. In accordance with the Cooperation Agreement, a mutually beneficial cooperation of the parties will help realize Chinese-American trade and investment projects and facilitate the development of economic relations between the People's Republic of China and the United States, including those under the framework of the existing inter-governmental agreements. China Merchants Bank is one of the leading commercial banks in mainland China and the largest one listed and traded on the Shanghai Securities Exchange. It is the sixth largest bank, the most technologically advanced and the most profitable bank in mainland China and has extensive experience in trade and project finance. The Banker magazine has ranked CMB in the top 200 banks of the 1000 largest banks of the world by capital. China Merchants Bank has 370 offices in China and a Head office, China Merchants Bank Tower, in Shenzhen representative office in New York, New York. The formation of this partnership demonstrates the depth of commitment of both firms to the growing capital requirements and the attractive opportunities throughout the power, LNG, oil and gas, petrochemical and water and wastewater sectors in mainland China. In addition, the Agreement anticipates cooperation of the Parties in such areas as international capital markets, trade and pre-export financing for Chinese companies. Terry Newendorp, Chairman and CEO of Taylor-DeJongh says, "The teaming of China Merchants Bank's balance sheet strength (assets of $60.5 billion as of end of 2003) and TDJ's expertise in structured and project finance, capital raising, M&A and energy sector investment banking, is a powerful combination for companies investing into the Greater China area and for Chinese companies seeking to expand abroad."
Washington-based graphic arts and PR firm, Dittus Communications, was honored recently with the "2004 Gold Astrid Award" for "Outstanding Achievement in Design Communications" for their design work on behalf of Taylor- DeJongh. Dittus Communications supported Taylor- DeJongh in its advertising campaign and the redesign of the corporate Website, implementing qualities of creativity, craft, innovation and originality in design. Taylor-DeJongh's website was submitted along with over four hundred entries from 15 countries. Taylor-DeJongh CEO Terry Newendorp said "I am pleased that the TDJ message is conveyed in such an artistic and professional manner. What a tremendous honor for Taylor-DeJongh and Dittus Communications to be recognized globally by peers in the industry." MerComm, Inc., which sponsors the ASTRID competition, states that the ASTRID Award winner delivers top quality work and that it is the ultimate accolade for international excellence in design. Judging was carried out by leading designers, art directors, and graphic artists from Australia, Canada, Hong Kong and all across the United States. For more information on Dittus Communications,
a 2003 Public Affairs Agency of the Year honoree, please visit www.dittus.com. February 20, 2004.
TDJ Named Global
Oil & Gas Advisor of the Year—2003 Taylor-DeJongh has been awarded an assignment to advise the Government of Jamaica on the development and financing of an LNG receiving terminal and associated infrastructure Project. Jamaica imports US$600 million to US$700 million of petroleum each year and is pursuing the Project as part of a plan to diversify its energy consumption profile. The Project will also support development of an industrial park for energy intensive industries and may serve as the center for a regional energy hub. Jamaica, which has begun discussions with interested LNG suppliers, will complete technical studies of the Project feasibility in 2004 and begin importing LNG in late 2006. The Cabinet has approved formally the contract appointing Taylor-DeJongh as Financial Advisors to the Government of Jamaica on the project to introduce LNG into Jamaica's energy supply mix as of February 10, 2004. Taylor-DeJongh will advise Jamaica regarding commercial and financial arrangements required to support the development and financing of the Project and will provide financial analysis to support investment decisions and the arrangement of long term debt. Participants in the energy intensive bauxite and aluminum sectors have indicated their interest to convert to gas to reduce their variable costs of production. Existing power plants will be converted to gas from oil, and new power capacity will be gas-fired. Conversion to LNG will satisfy a number of Jamaica's development goals including: improvement of security of energy supply; management of exposure to international energy prices; and increased efficiency of energy consumption; and reduction in green house emissions. February 3, 2004. BTC Pipeline Financing Closes The financing documentation for the Baku-Tbilisi-Ceyhan ("BTC") Pipeline Project was signed today in Baku, Azerbaijan. The BTC pipeline will transport one million barrels of oil per day over a 1,780 km route from the Sangachal Terminal near Baku in Azerbaijan, through Georgia, to an export terminal to be developed at Ceyhan on the Mediterranean coast of Turkey. The project is currently under construction and is expected to achieve commercial operation in 2005. The project is being developed by a consortium of international oil companies including BP, Socar, Unocal, Statoil ASA, TPAO, TOTAL, ConocoPhillips, Eni, Inpex and Itochu, and Amerada Hess. For the past 22 months, Taylor-DeJongh has served as financial advisor to seven Export Credit Agencies providing approximately $1 billion of direct loans and cover for the financing of the $3.6 billion pipeline. In addition to this ECA group—comprised of Coface, ECGD, Hermes, JBIC, Nexi, Sace, and US Ex-Im Bank—IFC, EBRD, OPIC, certain of the project sponsors, and a group of commercial banks are providing loans and political risk insurance, for a total of about $2.6 billion of senior debt commitments overall. The BTC Project is one of the most challenging project financings in recent years considering: the multi-jurisdictional issues arising from the route through three countries; size of undertaking (cost and scope); political risk considerations given the location of the pipeline; inter-linked commercial issues involving the pipeline, shared facilities and upstream/offshore production facilities; large and diverse sponsor group; complex funding structure; innovative pipeline tariff arrangements; and environmental challenges and visibility among a diverse group of stakeholders.
SAMIR
Advisory with BMCE Capital
December 30, 2003. SAMIR Advisory with BMCE Capital Taylor-DeJongh and BMCE Capital have been appointed joint financial advisor to Societe Maroccaine de l'Industrie du Raffinage (SAMIR) for Samir's $550 million Upgrade Project. Samir is the largest refiner in Morocco. Its Upgrade Project will contribute to the company's goals of increasing efficiency and environmental quality of its facility at Mohammedia. TDJ and BMCE will advise on project structuring, commercial arrangements and raising more than $350 million of long-term debt from a variety of international, regional and local sources including banks, export credit agencies and possibly the capital markets "Taylor-DeJongh and BMCE Capital have an excellent working relationship, and this is an excellent opportunity for us to combine our expertise for the considerable advantage of Samir", Terry Newendorp, Chairman and CEO of Taylor-DeJongh. December 30, 2003. QatarGas II Advisory Taylor-DeJongh has been awarded another landmark joint advisory engagement to represent U.S. Ex-Im Bank and SACE (the export credit agency of Italy) on the QatarGas II project. The project is a proposed joint venture between Qatar Petroleum and ExxonMobil Qatargas II Limited for the production of condensate and LPG, and the supply of liquefied natural gas from the State of Qatar to the United Kingdom from natural gas sourced from Qatar's North Field. Taylor-DeJongh's responsibilities include detailed analysis of the project structure, project agreements, credit structure and financial analysis. Taylor-DeJongh is currently advising sponsors on multiple LNG transactions including three in the Atlantic Basin. In addition, the firm has previously represented U.S. Ex-Im Bank and was principal liaison among the other ECAs (Hermes, ECGD, SACE, and COFACE) for the financing of QatarGas Upstream project. Furthermore, Taylor-DeJongh was financial advisor to Qatar Petroleum with Goldman Sachs for the US$1.4 bn Ras Laffan LNG Train 3 project. December 30, 2003. Ibiritermo Closes Ibiritermo S.A., a 226 MW, US$200 million combined cycle power plant in Minas Gerais, Brazil, reached financial close on November 10th and senior debt was disbursed on December 23rd, 2003. Taylor-DeJongh acted as financial advisor to the U.S. Ex-Im Bank's Structured Finance division and SACE, Italy's export credit agency. US Ex-Im Bank, SACE and BNDES, the Brazilian development bank, together committed a total of US$150 million equivalent in limited recourse senior debt to the Project. Ibiritermo is owned 50/50 by Petrobras of Brazil and Edison S.A. of Italy. It is structured as a tolling facility, under which Petrobras provides all required fuel, water and utilities and is responsible to purchase and distribute 100% of the plant's capacity and generated electricity. Ibiritermo's commercial and financial arrangements provide for fixed monthly revenues with adjustments for foreign exchange movements and domestic inflation in proportion to the relative size of the Real, Euro and US$ denominated financial obligations of Ibiritermo. The financing supported development of a strategic asset during a period when the Brazilian power market pricing mechanism was disbanded, and Brazil was suffering a substantial reduction of direct foreign investment. Pursuant to its mandate, Taylor-DeJongh advised and supported the negotiation of the Project financing agreements, including providing detailed analysis of the Project's credit and commercial arrangements. Taylor-DeJongh has long had multiple ongoing projects
in Brazil, representing both Sponsors and Lenders. Taylor-DeJongh
has been ranked repeatedly as the #1 Latin America Adviser in the
league tables and the trade press. October 27, 2003. Vneshtorgbank and TDJ sign a Cooperation Agreement Vneshtorgbank, the largest bank in Russia and Taylor-DeJongh signed a Cooperation Agreement in Moscow on October 22, 2003. The Agreement was signed on behalf of Vneshtorgbank by Mr. Andrei Kostin, President and Chairman of the Board. In accordance with the Cooperation Agreement, a mutually beneficial cooperation of the parties will help realize Russian-American trade and investment projects and facilitate the development of economic relations between Russia and the United States, including those under the framework of the existing inter-governmental agreements. Vneshtorgbank is one of the leading universal banks in Russia and the largest one in terms of capital. It carries the highest credit rating of any Russian bank and has extensive experience as a counter party bank to external lenders into Russia. The formation of this joint venture demonstrates the depth of commitment of both firms to the growing capital requirements and the attractive opportunities throughout the energy and industrial sectors in Russia. In addition, the Agreement anticipates cooperation of the Parties in such areas as international capital markets, trade and pre-export financing for Russian companies. Terry Newendorp, Chairman and CEO of Taylor-DeJongh says, “The teaming of Vneshtorgbank’s balance sheet strength (assets of $7.3 billion) and TDJ’s expertise in structure and project finance, capital raising, M&A and energy sector investment banking, is a powerful combination for companies investing into Russia and for Russian companies seeking to expand.” Vneshtorgbank has been
ranked by The Banker magazine as 168th among the 1000 largest
banks of the world by capital. Vneshtorgbank has 4 foreign subsidiary
banks: Austria, Cyprus, Luxembourg, and Switzerland as well as representative
offices in China, Italy and Ukraine.
Taylor-DeJongh and SPF Partners have entered into an exclusive cooperation agreement to provide project finance and PPP advisory services in Europe and Russia. SPF Partners is a Frankfurt based advisory firm focused on project and structured finance transactions. The know-how and experience of the partners ensure that the most effective financing solution for the clients is identified, structured and implemented. SPF Partners include highly qualified and experienced bank professionals, who have held senior management positions at global commercial banks. SPF's unique track record in the German market consists of years of financing experience and a volume in excess of Euro 20 billion in structuring financings that successfully led to financing close. “We are pleased to be joining with SPF Partners
to continue our efforts in providing high quality, independent advisory
in project and structured finance and PPP transactions throughout
Europe, where the SPF partners have significant experience.”,
said Terry Newendorp, Chairman and CEO of Taylor-DeJongh. Alba closed today on the main debt facilities in the amount of US$1.25 billion of funding: international commercial banks, Islamic finance institutions, and a metal-linked facility. A subscription of local bond will be finalized shortly. Taylor-DeJongh, in association with the Bahrain-based Islamic Finance Consultants (E.C.), has acted as Financial Advisor for Aluminium Bahrain B.S.C. ("ALBA") for the $1.7 billion expansion project financing. The firms provided comprehensive capital raising advice to Alba, including development of the optimal capital structure and financing plan, advice on hedge strategies, and solicitation of financing from the several capital sources. In making the announcement, Terry Newendorp, Chairman and CEO of Taylor-DeJongh, stated “Taylor-DeJongh is proud to be associated with the Alba project. They are an outstanding company, and we are pleased to be part of this major commercial expansion of their already world class facilities.”
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