Global law firm DLA Piper advised Bangchak Corporation Public Company Limited (Bangchak) on acquisition financing facilities provided by DBS Bank Ltd. and Oversea-Chinese Banking Corporation Limited (OCBC) in connection with Bangchak’s acquisition of 100% of the shares in Chevron HK Limited.
The two financing facilities, totaling approximately USD170 million, supported the acquisition and Bangchak’s broader strategic growth objectives.
Bangchak is a leading Thai energy company with operations spanning petroleum refining, marketing, renewable energy, natural resources and new energy businesses. The acquisition forms part of Bangchak’s ongoing strategy to strengthen and expand its portfolio and its regional footprint across Asia while supporting its long-term growth ambitions.
Waranon (Warren) Vanichprapa, Partner, Head of Finance, Asia and Country Managing Partner, Thailand, said: “The successful completion of the facilities reflects continued activity in the acquisition financing market and demonstrates the strong support available from international lenders for strategic investments across the region. This transaction highlights the growing importance of cross-border financing solutions in supporting corporate growth and expansion.”
DLA Piper advised on all aspects of the acquisition financing arrangements, working closely with Bangchak and the lending institutions to support the successful execution of the transactions.
DLA Piper’s Finance practice regularly advises borrowers, sponsors, lenders and financial institutions on complex domestic and cross-border financing transactions across Asia Pacific. The team has recently advised on a number of significant financing matters in the region, including the THB28 billion financing for a hyperscale data center project in Thailand, demonstrating its experience supporting strategic investments, infrastructure developments and acquisition financings across key sectors.
The DLA Piper team was led by Waranon (Warren) Vanichprapa and included Pattadon Tejapaibul (of counsel) and Fuengfha Vangvasu (associate).
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