White & Case has advised Energean Oil & Gas S.A. on the provision of a loan from the Black Sea Trade Development Bank, which is supported by a guarantee and subordinated loan from the Greek State. Watson Farley Williams reportedly advised BSTDB on the deal.
Energean is a wholly-owned subsidiary of Energean PLC, a London-based independent oil and gas company.
According to White & Case, “Energean will use the loan to fund its investment plans, in particular the development of the Epsilon and Prinos fields, including upgrades to the existing Prinos complex. It will also use the loan to support its opex and working capital needs.”
White & Case’s London-based team working on the deal was led by Partner Jason Kerr, with support from Associates James Foo and Kian Newlyn.
