A&O Shearman advises Impala on its USD 1.26bn debt refinancing and senior secured notes issuance

The financing (which was oversubscribed) was documented under a new common term secured debt platform and comprised USD 560 million in term and revolving bank facilities and USD 700m in multi-series U.S. private placement notes issued across a range of tenors.

Proceeds were used principally to refinance existing borrowings and for general corporate purposes.

Impala operates a significant international network, with assets and operations spanning 20 countries. Through this network, the company manages a portfolio of 30 strategically located terminals. This extensive geographical footprint enables Impala to facilitate the efficient movement of goods across key global trade routes, supporting both producers and consumers in accessing international markets.

A&O Shearman partner and transaction lead, Tim Conduit commented: “We are delighted to have advised on this transaction, and immensely proud to have supported Impala. Our international teams worked seamlessly to deliver a complex financing platform.”

The A&O Shearman team was led by energy, natural resources and infrastructure partner, Tim Conduit with support from senior associate Chinedu Ihenetu-Geoffrey associate David Lekashingo and trainee Misha Radkevitch, all in London. Local law support was provided by senior associate Cees van Ginneken and associate Simon Heerschop in Amsterdam, and senior associate Nicolas Madelin, associate Jaime Rodriguez Garcia, and trainee Hugo Series in Luxembourg.

Specialist advice was provided by partner Parya Badie and senior associate Michel Abi-Saab (derivatives), partner James Burton (tax), and partner Jeff Hendrickson and law clerk Raphael Montes (U.S. securities), all in London