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Shearman & Sterling and local firm Haya Rashed al Khalifa have advised Bahrain Steel on $340 million term and revolving facilities provided by a syndicate of eight banks to it, with Norton Rose Fulbright and Hassan Radhi and Associates advising the lenders.

 

HSBC Middle East Limited, Mashreqbank and Arab Banking Corporation are the joint initial mandated lead arrangers of the loan, with the lending syndicate also comprising of Al Khalij Commercial Bank, BNP Paribas, Doha Bank, Qatar National Bank and the State Bank of India.

 

The Norton Rose Fulbright team was led by Dubai partner Matthew Escritt.

 

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