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William Breeze

Partner

William advises on natural resources projects and structured commodity trade finance transactions.

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Experience

William advises clients in natural resources finance, with a focus on energy, especially oil & gas, matters. He has advised lenders and offtakers on the largest structured commodity trade finance transactions in recent years, working on the structuring and execution of such financings. William's execution speed and structural expertise are especially valued by clients.

Based in London, William works with clients around the globe. William is a recommended individual in Legal 500 2013, 2014, 2015, 2016 and 2017.

William specialises in energy finance work, with a particular focus on oil and gas and commodity matters, ranging from oil and gas and other natural resources project finance to structured commodity finance expertise. He also advises on power and infrastructure finance, as well as general bank debt work. His clients include sponsors, trading houses, project developers, lenders, export credit agencies and multilateral agencies.

William works especially closely with traders and lenders on structured commodity trade finance transactions, assisting clients on the structuring and execution of such financings. He also has considerable experience in reserve-based lending and upstream finance more widely.

William's experience includes advising:

  • the mandated lead arrangers on Rosneft's $2bn prepayment financing backed by BP offtake
  • BTMU, Vitol and the other lenders on a US$3 billion prepayment financing and the subsequent upsizing of the facility by US$1 billion to KazMunayGas, the Kazakh state oil and gas company (APAC Structured Trade – Oil & Gas Deal of the Year: Trade Finance Awards 2017 and European Structured Finance Deal of the Year – EMEA Finance Achievement Awards 2016)
  • Woodside Energy and its joint venture partners in relation to the development and project financing of the SNE Project, offshore Senegal
  • the lenders on the upsize of Tullow Oil plc's reserve-based lending facility by $200 million to $3.7 billion and on the upsize of Tullow Oil plc's corporate credit facility by $250 million to $1 billion
  • Intesa Sanpaolo and the other lenders on a US$4 billion PXF facility for Petroleum Development Oman (Trade & Export Finance Deal of the Year: Bonds, Loans and Sukuk Middle East 2016, EMEA Structured Trade – Oil & Gas Deal of the Year: Trade Finance Awards 2017 and Middle Eastern Commodities Finance Deal of the Year – TXF Perfect 10 Commodity Finance Awards 2016)
  • MUFG, Vitol  and the other lenders on a US$1 billion prepayment financing (and the subsequent upsizing of the facility by US$1 billion) to KMG Kashagan, based on flows from the Kashagan mega-field (Energy Finance Deal of the Year – TXF Perfect 10 Awards 2018)
  • the lenders on a US$1 billion hybrid pre-export financing to Oman Oil Company Exploration & Production LLC (OOCEP) (Middle Eastern Commodities Finance Deal of the Year – TXF Perfect 10 Awards 2018)

 

Background

Will graduated from Oriel College, Oxford University.