AG&P Group in the Reorganization and Recapitalization of its Businesses including an Investment by a consortium of leading Japanese Investors in AG&P LNG Marketing Pte. Ltd

King & Spalding represented leading LNG terminals and downstream infrastructure company, AG&P Group, in connection with the reorganization and recapitalization of its businesses. This included advising (i) AG&P in connection with its senior secured convertible loan facilities from a global infrastructure investor (and its portfolio companies), (ii) negotiating certain arrangements with its existing creditors and shareholders, and (iii) on the subsequent investment by a consortium of leading Japanese investors for a minority stake in AG&P LNG Marketing Pte. Ltd, a leading city gas distribution business in India. The Japanese consortium consisted of Osaka Gas, the second-largest city gas distributor in Japan, Sumitomo Corporation, one of Japan’s largest trading houses, and Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (JOIN), a Japanese government-private sponsored infrastructure investment fund. AG&P Group is a global leader in developing and operating LNG and gas logistics and distribution solutions. The team was led by partners Parveet Singh Gandoak and Andrew Brereton and supported by associates Soumya Bhagavatula, U-Glen Lim, Michael Ng and Jill Cooper.