Mark I. Plenderleith

+813-5410-2842
mplenderleith@milbank.com
 
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Mark I. Plenderleith is a member of Milbank’s highly regarded Asia finance team.  Mark specializes in multi-source limited recourse financing, reserve based lending, international joint ventures and leveraged finance.

Mark has over ten years transaction experience in Europe, North America and Asia.  His practice and prior representations span a cross-section of financial institutions, energy companies, developers, private equity funds and agencies.  For two years Mark worked for the Japan Bank for International Cooperation as a member of the project finance transaction team.

Mark is a dual-qualified lawyer advising clients in respect of both New York law and English law transactions.

Mark’s recent leveraged finance representations include:

  • Three related financings for Olympus Capital Holdings Asia – a share collateral backed recapitalization, an acquisition financing in connection with its acquisition from Toyota Tsusho Corporation of a 40% equity interest in Arysta LifeScience Corporation and a further $250 million acquisition from Sojitz arranged by Lehman Brothers.

  • Development Bank of Southern Africa, FMO and Standard Bank in relation to their senior, mezzanine and subordinated loan financing of a leveraged buy-out of an electricity transmission enterprise in Sub-Saharan Africa.

  • A syndicate of lenders led by Goldman Sachs in relation to the GBP10 billion bid for BAA plc, the largest airport operator in the U.K. and Europe.

Mark’s recent project and borrowing-base financing representations include:

  • Sumitomo Mitsui Banking Corporation, The Bank of Tokyo-Mitsubishi UFJ, Ltd., BNP PARIBAS and JBIC in connection with the financing of the 1,320 MW expansion of the coal-fired Tanjung Jati B Expansion Project in central Indonesia owned by Sumitomo Corporation.

  • JBIC in connection with its first borrowing-based facility which refinances the bridge acquisition debt financing used for the acquisition of oil and gas properties in the Gulf of Mexico.

  • JBIC in relation to its buyers’ credit financing of the BP and Statoil led $3.6 billion Baku-Tblisi-Ceyhan Pipeline Project from the Caspian Sea oil fields through Azerbaijan, Georgia and Turkey.

Mark is a regular speaker and panelist, most recently in Moscow with regard to oil, gas and power project development and in Tokyo regarding the leveraged financing of portfolio assets.

He received his L.P.C. from Law Society of England & Wales, London and his M.A. (Oxon) and B.A. from Oxford University.  He is also qualified to practice in New York and is registered as a Gaikokuho Jimu Bengoshi with the Daiichi Tokyo Bengoshi Bar Association.

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