|New Britain Palm Oil Ltd
|$240m debt refinance
|About the client:
|NBPOL is the world leader in the production of sustainable palm oil, from its extensive plantations in Asia. Akur (and the partners at Akur) advised NBPOL during its IPO in December 2007 on the Main List of the London Stock Exchange, when it was valued at c.£380m all the way through to its eventual takeover in 2014 by Sime Darby for £1.1bn – no further equity was issued during the period NBPOL was listed.
|About the transaction:
|Akur led the refinance of a significant acquisition loan of c.$175m from Standard Chartered into a long term facility of $240m from OCBC.