Freshfields advises National Energy Services Reunited Corp. (NESR) on c.$747m secured multicurrency financing

Global law firm Freshfields has advised NESR, a leading NASDAQ-listed provider of oilfield services in the MENA region, in connection with ESG-linked c.$747m multicurrency term, revolving and ancillary credit facilities advanced by a broad syndicate of regional and international banks.

The facilities are being applied towards refinancing NESR's existing indebtedness and funding the growth and working capital requirements of the wider NESR group. The financing also includes a sustainability-linked pricing adjustment component, which is based on the group complying with certain KPI targets across a series of ESG metrics.

The Freshfields team comprised Anna Nersesian (Partner), Tumise Jegede (Senior Associate) and Jeffrey Effah (Senior Associate).