Arnon, Tadmor-Levy acted as Israeli counsel to an international syndicate of lenders, led by HSBC, in a senior credit facility of up to USD $600 million granted to Ratio Energies Limited Partnership (TASE:RATI-L). The financing supports Ratio’s ongoing operations in the Leviathan gas reservoir, one of Israel’s most strategic energy assets.
This complex refinancing marks the third secured financing round for the project and involved coordination between new and existing lenders—demonstrating continued investor confidence in Israel’s energy sector from both the local and international markets.
The deal was led by Simon Weintraub, Avi Anouchi, and Idan Adar, together with Itamar Brown. Ofir Levy and Ofir Paz assisted on tax issues relating to the transaction and Roni Osborne advised on regulatory aspects. We worked on this transaction together with our good friends and colleagues from the London office of Watson Farley & Williams LLP.
The transaction was signed and closing is contingent upon receipt of customary regulatory approvals.
