CC | New Starters
Kate Clouston Global Relationship...
Rocco Cecere Of Counsel

Collas Crill advises GC Credit Opportunities Fund II, L.P.

Gulf Capital, an alternative asset manager in the Middle East, facilitated the following investment for its private debt fund, GC Credit Opportunities Fund II, L.P. (the Fund). 

The Fund provided a $22,000,000 convertible loan facility to Amiral Holdings Ltd (Amiral) a BVI entity, to allow Amiral to invest in Sonker Bunkering Company S.A.E.(Sonker).  Sonker will use the funding to help upgrade the oil and gas infrastructure in Egypt, by way of building and operating a bulk-liquids terminal for the import and storage of gasoil and liquefied petroleum gas (LPG) in the third basin of Ain Sokhna Port on the Red Sea. The terminal will help to dock two floating storage and regasification units and manage LNG imports to the national gas grid.  The project is crucial to Egypt’s energy security and will help Egypt meet its growing requirement for gasoil, LPG, and natural gas imports.

BACK TO ALL NEWS

RELATED ARTICLES

Insight +
The Impact of T&C's
13/08/19 Court Refuses to Thaw Bank's Decision to Freeze
News +
A Jersey guide to Brexit
31/07/19 Brexit and Jersey - what you need to know
News +
The Alderney Gambling Law Review
24/07/19 The Alderney Gambling Law Review
News +
JFSC confirms E-ID is valid
26/07/19 JFSC confirms E-ID is valid evidence of identity