PRESS RELEASE
3 October 2025

A&O Shearman Advises Impala On USD 1.26 Billion Debt Refinancing And Private Placement Notes Issuance

AO
A&O Shearman

Contributor

A&O Shearman was formed in 2024 via the merger of two historic firms, Allen & Overy and Shearman & Sterling. With nearly 4,000 lawyers globally, we are equally fluent in English law, U.S. law and the laws of the world’s most dynamic markets. This combination creates a new kind of law firm, one built to achieve unparalleled outcomes for our clients on their most complex, multijurisdictional matters – everywhere in the world. A firm that advises at the forefront of the forces changing the current of global business and that is unrivalled in its global strength. Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations. Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.
A&O Shearman acted as legal counsel for Impala Terminals Group (Impala), a leading global liquid and dry bulk storage infrastructure operator.
United Kingdom

A&O Shearman acted as legal counsel for Impala Terminals Group (Impala), a leading global liquid and dry bulk storage infrastructure operator.

The financing (which was oversubscribed) was documented under a new common term secured debt platform and comprised USD 560 million in term and revolving bank facilities and USD700m in multi-series U.S. private placement notes issued across a range of tenors.

Proceeds were used principally to refinance existing borrowings and for general corporate purposes.

Impala operates a significant international network, with assets and operations spanning 20 countries. Through this network, the company manages a portfolio of 30 strategically located terminals. This extensive geographical footprint enables Impala to facilitate the efficient movement of goods across key global trade routes, supporting both producers and consumers in accessing international markets.

A&O Shearman partner and transaction lead, Tim Conduit commented: "We are delighted to have advised on this transaction, and immensely proud to have supported Impala. Our international teams worked seamlessly to deliver a complex financing platform."

The A&O Shearman team was led by energy, natural resources and infrastructure partner, Tim Conduit with support from senior associate Chinedu Ihenetu-Geoffrey associate David Lekashingo and trainee Misha Radkevitch, all in London. Local law support was provided by senior associate Cees van Ginneken and associate Simon Heerschop in Amsterdam, and senior associate Nicolas Madelin, associate Jaime Rodriguez Garcia, and trainee Hugo Series in Luxembourg.

Specialist advice was provided by partner Parya Badie and senior associate Michel Abi-Saab (derivatives), partner James Burton (tax), and partner Jeff Hendrickson and law clerk Raphael Montes (U.S. securities), all in London

Contributor

A&O Shearman was formed in 2024 via the merger of two historic firms, Allen & Overy and Shearman & Sterling. With nearly 4,000 lawyers globally, we are equally fluent in English law, U.S. law and the laws of the world’s most dynamic markets. This combination creates a new kind of law firm, one built to achieve unparalleled outcomes for our clients on their most complex, multijurisdictional matters – everywhere in the world. A firm that advises at the forefront of the forces changing the current of global business and that is unrivalled in its global strength. Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations. Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.

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