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MTC Advises K-Electric On Restructuring

MTC Advises K-Electric On Restructuring

K-Electric Limited – The transaction involves the provision of syndicated local finance facilities for the purposes of meeting the working capital requirements of K-Electric Limited in relation to operation of a 900MW combined cycle RLNG power generation facility, BQPS-III in Karachi, Pakistan.

The Firm’s scope of work includes full scope borrower side advisory, including without limitation:

  • transaction structuring;
  • identifying and evaluating key legal risks/red-flags;
  • advising on regulatory framework/approvals and foreign exchange control regime ;
  • reviewing and commenting on the suite of local law financing documents;
  • advising on conditions precedent and transaction closing.

The transaction was valued at PKR 19 billion. MTC’s team included Salman Rahim and Hamza N. Shaikh.