KWM has been recognised as Syndicated Project Finance Law Firm of the Year, at the 2023 The Asia Pacific Syndicated Loan Market Awards in Hong Kong SAR.
The award strengthens KWM’s reputation as a market leader in project finance. Over the past 12 months, the KWM Asia Pacific team has worked on such matters as:
- Acted for two Chinese State-owned banks in connection with the RMB393 million term project loan financing for the 120.85km hard paved auto road construction from Darkhan-Selenge to Zelter, Mongolia, which is the main route for transporting harvests. The team included David Lam (Partner, Cross-Border Finance) and Yinghao Lv (Partner, Beijing).
- Acted for Castle Peak Power Company Limited as Borrower on a HK$1.6 billion export credit agency supported energy transition term loan facility to finance the construction and operation of a second additional gas-fired generation unit using a 602.8 megawatt (nominal rating) combined cycle gas turbine together with associated equipment within the Borrower’s Black Point Power Station in Hong Kong SAR. This project follows another green financing where KWM acted for CAPCO as the controlling shareholder of a joint-venture borrower on HK$5.246 billion syndicated, revolving and term loan facilities for the construction and procurement of a regasified LNG subsea transportation pipeline to a regasified LNG receiving station at CAPCO’s Blackpoint power station in Hong Kong SAR. The team included Richard Mazzochi (Partner, Hong Kong SAR) and Claire Potter (Registered Foreign Lawyer, Hong Kong SAR).
- Acted for HK Electric Investments Limited as the Borrower of three bilateral term and revolving loan facilities with: (i) DBS Hong Kong as Lender (HK$700 million – term loan); (ii) Bank of China (Hong Kong) Limited as Lender (HK$6 billion – term loan); and (iii) Mizuho Bank as Lender (HK$2 billion – revolving loan). The team was led by Richard Mazzochi (Partner, Hong Kong SAR) and also included Claire Potter (Registered Foreign Lawyer, Hong Kong SAR), Evangeline Chee (Senior Associate, Hong Kong SAR).
- Advised 8F Asset Management, an asset manager focused on impact investing, on the project financing of a Recirculating Aquaculture System for the cultivation of Atlantic salmon in Mie Prefecture, Japan. The team was led by John Shum (Partner, Singapore) and also comprised Andrew Deszcz (Partner, Melbourne) and Yoshiki Tsurumaki (Partner, Tokyo).
- Advised Banco Santander, S.A., China Minsheng Banking Corp. Ltd Shenzhen Branch and Standard Chartered Bank as Mandated Lead Arrangers and Lenders, and Société General Hong Kong SAR Branch as Lender, on a US$195 million term loan financing to Ha Noi Thien Y Environmental Energy Joint Stock Company, a subsidiary of China Tianying Inc, for the development of a 75 MW Waste-to-Energy plant in Hanoi, Vietnam. This deal was backed by China Export & Credit Insurance Corporation, Sinosure. The team was led by John Shum (Partner, Singapore) and included Yinghao Lv (Partner, Beijing) and Joaquin Sales (Partner, Madrid).
- Advised Reliance Rail on the successful refinancing of its AUD$1.8 billion bank debt. The refinancing was undertaken with a new AUD$1.8 billion, 21-year Green Sustainability-Linked Loan (‘GSLL’). Reliance Rail’s GSLL is one of the first of its kind in the Asia Pacific market given it is certified as a ‘Green Loan’ by the Climate Bonds Initiative under its Low Carbon Transport criteria, as well as being a Sustainability-Linked Loan. The team included Andrew Maynes (Partner, Sydney) and Jade Chow (Solicitor, Sydney).
- Advised Lightsource BP, the largest solar developer and owner in Australia, on its Wellington North and Wunghnu Solar Farms projects. This included the preparation and negotiation of EPC Contracts and O&M Contracts, and assisting with the procurement of project financing. KWM also assisted in financing and executing contracts for over 517MW of solar generation, and are supporting with the negotiation of contracts for a further 905MW of solar generation. Lightsource BP’s aim is to accelerate Australia’s transition to a low carbon future through solar power and wants to achieve 25GW of solar generation by 2025. The team was led by Chris Dynon (Partner, Melbourne).
The Asia Pacific Syndicated Loan Market Awards recognise outstanding achievements in a total of 32 categories and are voted for by the Asia Pacific Loan Market Association’s (APLMA’s) membership.
Any reference to "Hong Kong" or "Hong Kong SAR" shall be construed as a reference to "Hong Kong Special Administrative Region of the People's Republic of China".
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