• Lex Favios acted as Lenders Legal Counsel (“State Bank of India”), with respect to Project Finance/Term Loan raised by Technique Solaire Invest 1 India Private Limited amounting to INR  200 Million from SBI for refinancing of its 5 MW solar unit situated in Uttarakhand and MH Technique Solaire India Private Limited had availed project finance/term loan facilities amounting to INR 540  Million from SBI for construction of a 20 MW Solar Power Project in Maharashtra.

 

  • Lex Favios advised the leading NBFC, SREI Equipment Finance Limited, on the drafting, and vetting of the Facility Agreement, Deeds of Personal and Corporate Guarantee, Deed of Mortgage, Pledge Agreements, and other related undertakings for Loan Amount of INR. 110 Crores, extended to a private limited company based out of Hyderabad, India.

 

  • Lex Favios acted as counsel on behalf of SBI ( Lead Bank of the Consortium) and advised the consortium on drafting, vetting and negotiating the facility agreement, inter-creditor agreement, authority letters, security trustee agreement, deed of hypothecation, indenture of mortgage, omnibus counter-guarantee and other related undertakings. DCM Shriram Industries Limited had availed facilities from SBI and other consortium banks for its Daurala Sugar Works Division and Sriram Rayons Division for its working capital facilities amounting to INR 305 Crore.

 

  • Lex Favios advised an eight – bank consortium has provided working capital facilities of 531.44 Crore to M/s Sangam (India) Limited.  The consortium was led by State Bank of India and included SBI, SBH, SBP, CB, OBC, SBBJ, PNB and IDBI. Lex Favios advised the consortium on the loan documentation. Lex Favios was involved in drafting, vetting and negotiating the facility agreement, inter-creditors agreement, authority letters, security trustee agreement, deed of hypothecation, indenture of mortgage, omnibus counter guarantee for bank guarantee, indemnity for letter of credit, and other miscellaneous undertakings on behalf the consortium.

 

  • Lex Favios advised on Loan Financing for Flex Films (USA) – Flex Films (USA) Inc. secured a loan of USD 16,500,000 by JP Morgan Chase Bank N.A. on the guarantee furnished to JP Morgan Chase Bank N.A. by Uflex Ltd. We have acted as Indian counsel to JP Morgan Chase Bank N.A. in connection with the issue of Third Amendment to the Demand Guarantee issued by Uflex Limited for renewal of the guarantee furnished to JP Morgan Chase Bank N.A. We assisted in drafting the amendment to loan documents and review of the demand guarantee.