Samay Shah

Partner
Joined firm 2011. Partner since 2020.
London
Phone +44(0) 20 7090 5104
Download details (vCard) [email protected]
Areas of expertise
Recent work
Slaughter and May advised VPI on the project financing arrangements for the development of two natural gas fired greenfield projects at Immingham, North Lincolnshire
Slaughter and May advised the National Wealth Fund on its £400,000,000 guarantee to Lloyds Banking Group to support the retrofitting of social housing in the UK
Slaughter and May advised the National Wealth Fund on its £350,000,000 guarantee to Barclays UK Corporate Bank on the retrofitting of social housing in the UK
Slaughter and May advised UK Infrastructure Bank on its £125 million term loan and £100 million debt guarantee to support Quickline Communication’s large-scale broadband expansion in Yorkshire and Lincolnshire
Slaughter and May advised Castlelost Flex Gen Limited on its up to €167,050,000 facility for the development of an open cycle gas turbine power plant

Samay has a broad financing practice covering general bank finance, acquisition finance and project finance, as well as restructurings. He also has broad experience advising on corporate and commercial transactions, with a particular focus on the infrastructure, energy and natural resources sectors.

Highlights include advising:

  • UK Infrastructure Bank on a number of transactions, including:
    • its £200 million debt investment as a cornerstone lender to CityFibre’s £4.9bn financing programme to support the roll out of full fibre broadband across the UK.
    • a £50 million loan to Portsmouth Water, it’s first investment in the UK water sector.
  • Vitol SA on a number of financing transactions.
  • VPI on a number of financing transactions relating to its portfolio of gas turbine power plants (both in development and in operation).
  • Various clients on reserves based loan financings in the oil & gas sector.
  • Norsk Hydro ASA on the establishment of its Euro 5 billion EMTN programme (containing optionality to issue green notes and sustainability-linted notes).
  • Alunorte on its sustainability-linked credit facility which supports its fuel switch project in Brazil.
  • Aker Horizons on its acquisition of Mainstream Renewable Power.
  • Attarat Power Company and the project sponsors, Eesti Energia AS and YTL Power International Berhad, on the approximately $1.6 billion project financing and development of a 554MW oil shale-fired power plant at Attarat um Ghudran, Jordan.
  • YTL Power International Berhad (YTL) on the sell-down of a part of Eesti Energia AS’s equity stake in Attarat Power Company to YTL and to incoming investor Guangdong Yudean Group Co. Limited and the related shareholder arrangements.
  • Malaysia Airports Holdings Berhad (MAHB) on:
    • the acquisition of a 40% stake in Istanbul Sabiha Gökçen Airport from the GMR Group, taking MAHB’s holding from 20% to 60%
    • the acquisition of a further 40% stake in Istanbul Sabiha Gökçen Airport from the Limak Group, taking MAHB’s holding to 100%
    • the sale of its 10% equity stake in Delhi International Airport Private Limited, the company that operates New Delhi Indira Gandhi International Airport.
  • Seadrill Limited, one of the world’s largest offshore drilling contractors, on its comprehensive restructuring plan, involving secured credit facilities totalling $5.7 billion of outstanding debt and delivering $1.06 billion of new capital.