Abu Dhabi, 26 May 2015 - Dentons has advised on a US$550 million conventional and Islamic multi-tranche facility to Dubai-based oilfield services firm Topaz Energy and Marine, completed on 30 April 2015. The facility was arranged over three tranches lasting between five and seven years and will be used principally to refinance existing debt and fund its expansion plans.

Dentons advised the Joint Lead Arrangers Standard Chartered Bank and HSBC, who acted together with Gulf International Bank, Emirates NBD, Noor Bank and First Gulf Bank as the arrangers on the deal.

Dentons Asset Finance Partner and Head of Banking in the Middle East, Paul Jarvis, commented, "We are proud of our involvement in one of the largest ship finance deals in recent years. We have advised on a number of highly complex Islamic and conventional ship financings over the past few years, and are delighted to have been involved in this ground breaking transaction. "

The Dentons team was led by Paul Jarvis working with Senior Associate Helen Munro and Trainee Lawyer Zaid Khonji. Holman Fenwick Willan, led by Partner Tien Tai, acted for Topaz Energy and Marine, together with a number of its subsidiaries.

For further information, please contact:
Muireann Kelleher
Head of Business Development & Marketing  - Middle East
Dubai
+971 4 402 0870
muireann.kelleher@dentons.com

Judith Green
Director of PR & Communications - EMEA
London
+44 20 7246 7082
judith.green@dentons.com

About Dentons
Dentons is a global firm driven to provide a competitive edge in an increasingly complex and interconnected marketplace. It was formed in March 2013 by the combination of international law firm Salans LLP, Canadian law firm Fraser Milner Casgrain LLP (FMC) and international law firm SNR Denton. Dentons is built on the solid foundations of these three highly valued law firms. Each built an outstanding reputation and valued clientele by responding to the local, regional and national needs of a broad spectrum of clients of all sizes - individuals; entrepreneurs; small businesses and start-ups; local, regional and national governments and government agencies; and mid-sized and larger private and public corporations, including international and global entities.

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© Press Release 2015