Freshfields advises Ratio Oil on $650m loan for the Leviathan Gas Field project in Israel
Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised Ratio Oil on the signing of a $650m loan to refinance an existing construction bridge loan, for their interest in the Leviathan Gas Field project in Israel.
Ratio Oil is a leading energy partnership based in Israel, which focuses on the exploration and production of hydrocarbon in the Eastern Mediterranean Sea. The Leviathan gas project, which exports gas to Jordan and Egypt and also produces gas that is consumed domestically in Israel, is an important part of the further development of cross-border hydrocarbon relationships in the East Mediterranean.
The Freshfields team was led by Tim Pick, Massimo Amoruso, James Chapman, Alli Yen and Fanni Kohlhoffer.
“We are delighted to have been able to support our friends at Ratio in closing their refinancing in challenging market conditions. The East Mediterranean continues to deliver exciting new opportunities across the gas value chain”, said Freshfields partner Tim Pick, who is the firm’s global sector group leader for Energy, Resources and Infrastructure.
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