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News and awards

Clifford Chance Advises Arrangers on US$230 Million Term Loan Facility Backing Acquisition of Brazilian Oil Fields

December 12, 2019

Clifford Chance Advises Arrangers on US$230 Million Term Loan Facility Backing Acquisition of Brazilian Oil Fields

A Clifford Chance team led by Banking & Finance partner Daniel Winick advised Morgan Stanley, Deutsche Bank and Itau BBA, as arrangers of approximately US$230 million in loans to PetroRecôncavo, backing its acquisition from Petrobras of 34 onshore oilfields and related assets in Brazil.

Working with Winick on this transaction were associates Andrew Young, Rebecca Isaacs and Rachel Park, all based in New York.