May 21, 2024 | TXF | 1 minute read|London

LONDON – ONE-Dyas B.V.’s $450 million senior secured reserve-based refinancing was named “Reserve Base Lending Commodity Finance Deal of the Year” at the TXF Commodity Finance Perfect 10 Deals of the Year Awards 2023, which recognizes outstanding transactions in the export finance and commodity finance industries.

Bracewell (UK) LLP – led by partners Jason Fox and Eimear Murphy and associate Onis Chukwueke-Uba – acted as senior lenders’ counsel for the bank syndicate led by ING Bank N.V. on the refinancing. The facility was used to refinance ONE-Dyas’ existing facility, and the loans may also be drawn to fund its portfolio of operating assets in the UK, the Netherlands and Germany. 

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