EXPERTISE

Victoria Mesquita Wlazlo counsels lenders and borrowers in the Middle East on complex, cross-border financing and capital markets transactions, including syndicated facilities, leveraged acquisitions, asset-based finance, private placements, and mezzanine financings, both on a conventional and Shari’a compliant basis. Victoria advises a range of clients, including those in the global banking, real estate, construction, telecommunications, transportation, healthcare, water, and energy industries. She also advises lenders, sponsors, developers, and utilities on energy, utilities, transport, and infrastructure project financings, including PPP.

Experience

Projects

  • Represented the project company on a USD 80 million sharia compliant project financing made available by International Finance Corporation and Islamic Development Bank for the development of a 51.75 MW wind power plant to be located in Tafila, Jordan.
  • Represented Dubai Islamic Bank on an AED 397 million sharia compliant project financing for the construction of healthcare facilities in Reem Islands, Abu Dhabi. The project financing is non-recourse and contains a mezzanine financing and a second lien. 
  • Represented a healthcare fund as sponsor in relation to a US$ 75 million project financing for the development and construction of healthcare facilities in Egypt and US$ 50 million project financing for the development and construction of a hospital in Morocco. The facilities were made available by a club of development banks including International Finance Corporation and European Bank for Reconstruction and Development. 
  • Represented the sponsor in relation to a US$ 60 million investment by International Finance Corporation in a healthcare project in Egypt. 
  • Represented Dubai Islamic Bank in connection with a AED240 million Musharaka financing made available to Park Water Limited for the financing of a sewage treatment plant to be developed and operated by Metito.
  • Represented a Canadian energy fund in relation to its proposed acquisition of a portfolio of solar projects across Europe, Asia and Africa. 
  • Represented a Dubai mall operator in an AED 1.6 billion Shari’a –compliant  financing of an expansion of a mall located in Dubai. 
  • Represented GPS Group in a €26 million acquisition financing and a €11.3 million project financing made available by NIBC, a Dutch bank, in relation to the acquisition and development by Global Petro Storage Group, an independent storage and logistics provider of hydrocarbon and chemical terminals, of Hydrocarbon Hotel B.V, a hydrocarbon product blending and storage terminal being developed in the port of Amsterdam. 
  • Represented an independent oilfield services company, on a US$ 150 million commodity murabaha financing to be applied towards project costs across a portfolio of projects across the Middle East. 
  • Represented an independent oilfield services company, on a US$ 80 million financing to be applied towards project costs across a portfolio of projects across the Middle East and Africa. 
  • Represented Barclays bank psc, as lead arranger, in connection with the AED793 million Shari’a-compliant refinancing of project facilities for Emirates District Cooling Company (Emicool) LLC.
  • Represented Dubai Islamic Bank on a US$ 245 million financing made available to Emicool Plus Cooling Co. LLC for the development of a portfolio of cooling plants to be located in Dubai. 
  • Represented Dubai Islamic Bank on an AED 99 million financing made available to Emicool Plus Cooling Co. LLC for the development of a cooling plant to be located in Mirdiff Hills Dubai.
  • Represented Emicool North LLC on an AED 240 million facility made available by Abu Dhabi Commercial Bank for the acquisition and development of a cooling plant to be located in Jumeirah Bay District, Dubai. 
  • Represented Emicool North on the project documents for the development and operation of a  cooling plant to be located in Jumeirah Bay District, Dubai.
  • Represented GPS Group on the project documents for the development and operation of a storage terminal in the port of Hamriya, Sharjah. 
  • Represented Citibank, as lead arranger, in connection with a US$800 million multicurrency syndicated project financing for the development of roads in the United Arab Emirates by the Road and Transport Authority.
  • Represented HSBC, as lead arranger, in connection with a US$215 million project financing for the expansion of a crude oil pipeline and related storage facilities in the Republic of Panama. 

Capital Markets

  • Represented Abu Dhabi Financial Group on a US$ 135 million sukuk originated by a Saudi real estate developer backed by the revenues of real estate projects in the Kingdom of Saudi Arabia. 
  • Represented Al-Bayan Group, the Saudi conglomerate, as issuer, in connection with the MYR1 billion rated Sukuk programme. The first Malaysian Ringgit Sukuk Programme to be established by a Saudi corporate issuer and the first issuance by a Saudi corporate issuer of Malaysian Ringgit denominated sukuk in the Malaysian debt capital market.
  • Represented Islamic Corporation for the Development of the Private Sector and Citibank Senegal S.A. as arrangers, on the inaugural US$200 million sukuk offering by the State of Senegal.
  • Represented Qatar Islamic Bank in connection with the issuance of a series of Shari’a-compliant capital protected notes.
  • Represented HSBC, NBAD, RBSsecure, ADCB and BNP Paribas as dealers in the update of Tourism Development and Investment Company PJSC 144A US$3 billion GMTN programme.
  • Represented Meydan Group LLC, a United Arab Emirates government-related entity, in the AED 1 billion Sharia-compliant hybrid Ijara facility and Ijara sukuk made available by a club of banks led by Abu Dhabi Islamic Bank for the financing of real estate projects.
  • Represented Dubai World Central Corporation in an AED 231 million project sukuk for the financing of the development of staff accommodation.
  • Represented US Bank on the issue of £55,000,000 Secured Indexed Rate Amortising Notes and £20,200,000 Secured Fixed Rate Amortising Notes for the part financing of a portfolio of freeholds and long-term lease holds in the United Kingdom and subsequent GBP 7,975,000 tap issue. 
  • Represented Millennium Private Equity in connection with the US$10 million Sukuk Al-Musharaka financing of International Innovative Technologies, the first in the United Kingdom.
  • Real Estate
  • Represented flydubai in the AED 800 million project financing of its headquarters.
  • Represented Standard Chartered Bank in connection with a US$150 million commodity Murabaha facility backed by revenues of real estate projects and made available to Construction Project Company Holding, a Saudi entity.
  • Represented Dubai Islamic Bank PJSC on a US$ 40 million construction financing made available to an affiliate of Union Properties PJSC. 
  • Represented Meydan Group LLC, a United Arab Emirates government-related entity, in the AED 1 billion Sharia-compliant hybrid Ijara facility and Ijara sukuk made available by a club of banks led by Abu Dhabi Islamic Bank for the financing of real estate projects.
  • Represented Abu Dhabi Financial Group on a US$ 135 million sukuk originated by a Saudi real estate developer backed by the revenues of real estate projects in the Kingdom of Saudi Arabia. 
  • Represented Dubai World Central Corporation in an AED 231 million project sukuk for the financing of the development of staff accommodation.
  • Represented Dubai South Properties DWC LLC on an AED 240 million facility made available by Abu Dhabi Islamic Bank for the construction of residential buildings within Dubai South’s “Pulse” residential community.
  • Represented Dubai World Central Corporation on an AED 400 million facility made available by Dubai Islamic Bank for the financing of several real estate projects located in Dubai. 
  • Represented Gatehouse Bank in connection with a structurally subordinated US$40 million Islamic facility through a commodity Murabaha for the construction of student accommodation at Oxford in the United Kingdom.
  • Corporate and acquisition financing
  • Represented Alameda Healthcare Group, an Egyptian healthcare provider, in connection with its merger with Emirates Hospital Group valued at US$ 2 billion and related financing. 
  • Represented Mashreqbank psc, as global facility agent, and a syndicate of banks in connection with the AED 2 billion million Islamic and conventional financing for GEMS Education.
  • Represented Mashreqbank PSC, as global facility agent, and a syndicate of banks in connection with the refinancing of the AED2 billion senior secured conventional and Islamic facility and the addition of a new AED1 billion conventional and Islamic facility made available to GEMS Education. 
  • Represented Mashreqbank PSC, as global facility agent, and a syndicate of banks in connection with the refinancing of the AED3 billion senior secured conventional and Islamic facility made available to GEMS Education. 
  • Represented Bank of China on a US$ 50 million corporate financing to NMC healthcare. 
  • Represented Etisalat in connection with its US$1.5 billion convertible loan to Emerging Markets Telecommunication Services, the Nigerian telecom operator.
  • Represented Al-Bayan Group, the Saudi conglomerate, in connection with the US$70 million syndicated Shari’a-compliant facility arranged by ABC Capital.
  • Represented Al-Bayan Group, the Saudi conglomerate, in connection with the US$20 million syndicated Shari’a-compliant facility made available by Al Hilal Bank.
  • Represented Blue Water Energy LLP in a GBP 7.5 million acquisition financing made available by the Royal Bank of Scotland Ltd for the acquisition of Optilan Group Limited, a company engaged in servicing oil sector companies.
  • Represented Tercel Oilfield Products LTD on a US$ 15 million credit facilities made available by Royal Bank of Scotland Ltd.
  • Represented Gulf Credit Partners in connection with financing facilities made available to a provider of energy solutions to serve temporary and medium term energy needs across the Middle East and Africa. Other lenders include International Finance Corporation and The Emerging Africa Infrastructure Fund Limited