Chantél van Zyl
Consultant | Cape Town
Contact
T: +27 21 480 7957
E: chantel.vanzyl@bowmanslaw.com
Overview
Chantél advises on a broad range of debt finance products on domestic and cross-border transactions including on corporate lending, trade finance, leveraged finance and development agency finance in developing markets. She also has experience in projects and infrastructure finance, real estate finance and debt restructurings. She works with major international and domestic clients, including commercial and investment banks, development finance agencies, investors, funds as well as private and public companies.
Chantél has 10 years of experience advising on complex debt transactions in Europe and across the African continent for clients in a wide range of industries, including in the mining, infrastructure, financial institutions, pharmaceutical, real estate, energy and consumer goods industries.
Experience
* Includes experience gained prior to joining Bowmans.
Chantél has advised:
Corporate and syndicated loans – English law
- An asset manager and Luxembourg based debt fund with a focus on renewable energy and energy efficiency on USD 7.5 million facility Ampersand Rwanda with security in Rwanda and guarantees and security from its United States affiliates.*
- Société Generale, Paris and Istanbul on a EUR 50 million term loan facility made available to Turkcell.*
- Impala Platinum mining group on the refinancing of its ZAR and USD revolving credit facilities with a domestic and international lender syndicate.*
- Aspen Pharmacare Group on the refinancing of ZAR, Euro and AUD denominated term and revolving credit facilities provided by a syndicate of domestic and international lenders to borrowers in South Africa, Mauritius and Australia.*
- Sibanye Stillwater Ltd and certain of its subsidiaries (an international gold and platinum metals mining group) on refinancing of the group’s USD 600 million English law governed syndicated revolving credit facility.*
- An international syndicate of lenders in relation to USD 1.43 billion credit facilities provided to Ziraat Bank, Turkey.*
- The agent, arranger and a syndicate of international lenders on a USD 700 million syndicated dual currency loan for FirstRand Bank Ltd (acting through its London branch).*
- A consortium of international banks on syndicated term loan facilities made available to Investec Bank Ltd from time to time.*
Corporate and syndicated loans – South African law
- Sibanye Stillwater Ltd and certain of its subsidiaries (an international gold and platinum metals mining group) on refinancing of the group’s ZAR 5.5 billion South African law governed syndicated revolving credit facility.*
- A South African lender syndicate on amending an existing senior and mezzanine credit facilities and security structure pursuant to the restructuring of business divisions and entities within the borrower and guarantor group, being a large South African retail chain.
- A South African treasury company on a ZAR 750 million bilateral term loan facility with a South African investment bank.*
- Sibanye Stillwater Ltd and certain of its subsidiaries on a ZAR 1.372 billion guarantee facility agreement in connection with a silicosis settlement.*
- A South African bank on refinancing and extending a ZAR 1.05 billion facilities agreement and related security made available to a Namibian beverage manufacturing company.*
- A lender syndicate to refinance and subsequently to restructure secured revolving and term loan facilities made available to Petra Diamonds and its affiliates.
Trade Finance – South African law
- A Dutch bank and the South African branch of a commodities trading house on an uncommitted, borrowing base facility for the purchase of agricultural commodities and related security arrangements.*
- A South African bank in relation to receivables financing agreements to be entered into with a South African corporate.*
- An international tyre manufacturer regarding sale of receivables to a South African bank for the purpose of off-balance sheet financing.*
- A US debt fund in relation to a USD 37.5 million loan to a South African company to finance its vehicle letting business as well as restructuring the security package shared with another lender based in Latvia.*
Trade Finance – English law
- The Arrangers (Standard Bank South Africa, Stanbic Kenya and Stanbic Uganda) and lenders (Stanbic Kenya, Stanbic Uganda, British International Investment, Lion’s Head, Nithio, SunFunder, FMO, IFC and DFC) on USD 202 million equivalent local currency and US Dollar receivables-based secured syndicated credit facilities to M-KOPA Kenya Ltd and M-KOPA Uganda Ltd, respectively, and related security and guarantees from affiliated companies incorporated in Delaware, United States and the United Kingdom.* [IFLR Africa, Southern Africa Loan Deal of the Year 2024]
- The Arrangers and lenders (Standard Bank South Africa, Stanbic Nigeria and Stanbic Ghana) on two local currency and USD receivables-based secured syndicated credit facilities to be provided to M-KOPA Nigeria Ltd and M-KOPA Ghana Ltd, respectively (each guaranteed by affiliated companies incorporated in Delaware, United States and the United Kingdom).*
- An international group of petroleum companies on a USD 84 million multi-currency borrowing base credit facility for the operating companies in Ghana supported by a guarantee from the international parent company and local law security granted over receivables and commodities in Ghana.*
- The Arrangers (The Standard Bank South Africa Ltd) and lenders in respect of borrowing base credit facilities to be provided to a group of energy companies operating in Africa structured as an English law common terms agreement and ancillary facilities for borrowers incorporated in France and in multiple jurisdictions in Sub-Saharan Africa and providing for multiple currencies and security over receivables in several jurisdictions.*
- Standard Chartered Bank on a facility for TurkExim guaranteed by Asian Infrastructure Investment Bank.*
- The London branch of an international investment bank on EUR 50 million secured term facilities made available to a Serbian company for the production and trade of soya beans.*
- An Indian bank on a letter of credit facility to be made available to a Singapore-based international vehicle manufacturer to support receivables financing provided by various local banks to subsidiaries in Ghana, Nigeria, Kenya, Tanzania, Zambia and South Africa.*
- A Mauritian bank on a bank-to-bank loan facility made available to a Rwandan bank for on-lending, as well as a participation agreement facilitating participation by other Mauritian banks.*
Development finance
- An international development finance institution on USD 100 million equivalent multi-currency loan to a Tanzanian bank to support or expand its working capital and trade-related lending program.*
- An international development finance institution on USD 20 million loan to a Mauritanian bank to support or expand its lending program to eligible sub-borrowers and in particular women-owned businesses.*
- Aspen Pharmaceuticals Group on a EUR 600 million term loan facility with the International Finance Corporation, Deutsche Investitions- Und Entwicklungsgesellschaft MBH (DEG), Société De Promotion Et De Participation Pour La Coopération Économique (Proparco) S.A. and United States International Development Finance Corporation as lenders.* [Global Trade Review’s Best Deals of 2022]
- An international development finance institution on USD 7.5 million loan to a Sierra Leone bank to support or expand its lending program to eligible sub-borrowers.*
- Several development finance institutions on LIBOR transition amendments to project finance facility made available to a project company to finance a power plant in Ghana.*
Acquisition finance
- A South African investment company on a EUR 70 million acquisition financing for the acquisition of a European group of companies operating in the road infrastructure sector from a South African seller entity in business rescue.*
- Impala Platinum Holdings Ltd on acquisition finance for its USD 758 million acquisition of North American Platinum (a Canada-based platinum group metals producer listed on the TSX and the US OTC market).*
- An international bank in relation to USD 55 million acquisition financing for the acquisition of shares in a Ghanaian company operating in the oil and gas industry as a joint venture with the Ghanaian government by a Mauritian borrower and a South African sponsor.*
Energy and infrastructure finance – South African law
- A South African bank on guarantees from a fund as the sponsor and shareholder in a renewable energy project.*
- Rand Merchant Bank in connection with the financing of the construction and operation of a solar PV power plant pursuant to a private power purchase agreement in South Africa.*
- Nedbank in respect of project finance for the Zeerust and Droogfontein II solar PV power projects with Old Mutual Life Assurance Company (SA) Ltd as the lead equity member in the fourth bidding phase of the Renewable Energy Independent Power Producer Procurement (REIPPP) Programme in South Africa.*
- An international energy company on acquiring partially developed solar and wind energy projects with a view to bid submission in round 3 of the South African REIPPP Programme.*
Energy and infrastructure finance – English law
- Suez, Itochu Corporation and Marguerite as the sponsors and their joint venture company Beo Čista Energija on a EUR 290 million project financing of a 25-year Public-Private-Partnership to develop a new system to treat the municipal waste of the City of Belgrade, as well as equity bridge loans to the sponsors.*
- A joint venture between the French utility SUEZ Group and the Turkish waste management firm ALTAŞ on TRY 57.5 million (EUR 9 million equivalent) project financing from the EBRD for a full scale integrated solid waste management system in the Çanakkale region of Turkey.*
- DFI and commercial lender syndicate on LIBOR transition and commercial amendments in respect of an existing project financing credit facility made available to a Ghanaian project company and related security governed by Ghanaian and Jersey law.*
Restructuring and Insolvency
- The bank lenders to Petra Diamonds Ltd and its subsidiaries regarding the financial restructuring of the Petra Diamonds mining group.*
- Consolidated Infrastructure Group in relation to a standstill agreement and the restructuring of their credit facilities and notes programme.*
- The security trustee in relation to the company voluntary agreement and debt restructuring of Debenhams in the UK.*
- A full-service computer consulting business in the Middle East on its investment in, and guarantee for, the debt of a mobile broadband network company with operations in the UK, Nigeria, Uganda, Tanzania and the DRC, and which was undertaking formal restructuring in relation to multiple cross-border loan agreements.*
- An Asian export import bank on certain debt restructuring scenarios in relation to its loan made available to a South African mining company.*
Real Estate Finance
- A South African and a Ghanaian bank as agent and lenders in respect of a USD 20 million term loan facility to a Ghanaian company in respect of real estate assets in Ghana.*
- Nedbank, Rand Merchant Bank and a large South African bank on amending an existing multi-lender secured real estate finance structure to introduce a new lender and different lender categories and the provision of new and refinancing facilities thereunder to Respublica Student Living Proprietary Ltd, some of which were structured as sustainable loans.*
- Three large domestic commercial banks in negotiating financing agreements in relation to a ZAR 4 billion term loan and revolving credit facilities to an international real estate investment group.*
Capital Markets
- Sibanye Stillwater group on South African law aspects in relation to their offshore notes programme for up to USD 2 billion.*
- FirstRand Bank Ltd (acting through its Rand Merchant Bank division) in updating the iNguza ZAR 25 billion asset-backed note programme.*
- International arrangers on South African law aspects of a UK vehicle credit securitisation where the originator and seller is the London branch of a South African bank.*
- Aveng Ltd and its subsidiaries in relation to the early redemption of the notes issued under iNguza Investments’s ZAR 25 billion asset-backed note programme for cash, a combination of shares and cash or a loan claim against Aveng Africa.*
- Impala Platinum Holdings Ltd on a cash incentivized early repurchase of its ZAR 3.25 billion 6.375% coupon senior unsecured convertible bonds.*
- Consolidated Infrastructure Group on negotiations with noteholders and restating its existing listed notes programme.*
Pro bono experience
- Assisting Consortium for Street Children with research and drafting of a guide on the rights of children living on the street without guardians in various countries.*
- Volunteering as a legal assistant with a charity providing free legal aid to Greek Refugees and Asylum Seekers in Lesvos.*
- Advising indigent individuals in relation to administration of deceased estates.*
- Contributing to the development of standardised contract documentation and guides designed to streamline project development and finance processes for small solar energy projects coordinated by the International Renewable Energy Agency and Terrawatt Initiative.*
- Contributed to the World Bank’s publication on Doing Business across the globe on South African company and commercial law.*
Awards
- IFLR Africa Rising Star Award – National Practice, 2024
AREA OF EXPERTISE
Qualifications
- Bachelors of Accounting and Bachelors of Law (BAcc, LLB), University of Stellenbosch, 2011.
- International Summer Programme in International Commercial Law, Bucerius Höheschule (Germany), 2010.
Overview
Chantél advises on a broad range of debt finance products on domestic and cross-border transactions including on corporate lending, trade finance, leveraged finance and development agency finance in developing markets. She also has experience in projects and infrastructure finance, real estate finance and debt restructurings. She works with major international and domestic clients, including commercial and investment banks, development finance agencies, investors, funds as well as private and public companies.
Chantél has 10 years of experience advising on complex debt transactions in Europe and across the African continent for clients in a wide range of industries, including in the mining, infrastructure, financial institutions, pharmaceutical, real estate, energy and consumer goods industries.
Experience
* Includes experience gained prior to joining Bowmans.
Chantél has advised:
Corporate and syndicated loans – English law
- An asset manager and Luxembourg based debt fund with a focus on renewable energy and energy efficiency on USD 7.5 million facility Ampersand Rwanda with security in Rwanda and guarantees and security from its United States affiliates.*
- Société Generale, Paris and Istanbul on a EUR 50 million term loan facility made available to Turkcell.*
- Impala Platinum mining group on the refinancing of its ZAR and USD revolving credit facilities with a domestic and international lender syndicate.*
- Aspen Pharmacare Group on the refinancing of ZAR, Euro and AUD denominated term and revolving credit facilities provided by a syndicate of domestic and international lenders to borrowers in South Africa, Mauritius and Australia.*
- Sibanye Stillwater Ltd and certain of its subsidiaries (an international gold and platinum metals mining group) on refinancing of the group’s USD 600 million English law governed syndicated revolving credit facility.*
- An international syndicate of lenders in relation to USD 1.43 billion credit facilities provided to Ziraat Bank, Turkey.*
- The agent, arranger and a syndicate of international lenders on a USD 700 million syndicated dual currency loan for FirstRand Bank Ltd (acting through its London branch).*
- A consortium of international banks on syndicated term loan facilities made available to Investec Bank Ltd from time to time.*
Corporate and syndicated loans – South African law
- Sibanye Stillwater Ltd and certain of its subsidiaries (an international gold and platinum metals mining group) on refinancing of the group’s ZAR 5.5 billion South African law governed syndicated revolving credit facility.*
- A South African lender syndicate on amending an existing senior and mezzanine credit facilities and security structure pursuant to the restructuring of business divisions and entities within the borrower and guarantor group, being a large South African retail chain.
- A South African treasury company on a ZAR 750 million bilateral term loan facility with a South African investment bank.*
- Sibanye Stillwater Ltd and certain of its subsidiaries on a ZAR 1.372 billion guarantee facility agreement in connection with a silicosis settlement.*
- A South African bank on refinancing and extending a ZAR 1.05 billion facilities agreement and related security made available to a Namibian beverage manufacturing company.*
- A lender syndicate to refinance and subsequently to restructure secured revolving and term loan facilities made available to Petra Diamonds and its affiliates.
Trade Finance – South African law
- A Dutch bank and the South African branch of a commodities trading house on an uncommitted, borrowing base facility for the purchase of agricultural commodities and related security arrangements.*
- A South African bank in relation to receivables financing agreements to be entered into with a South African corporate.*
- An international tyre manufacturer regarding sale of receivables to a South African bank for the purpose of off-balance sheet financing.*
- A US debt fund in relation to a USD 37.5 million loan to a South African company to finance its vehicle letting business as well as restructuring the security package shared with another lender based in Latvia.*
Trade Finance – English law
- The Arrangers (Standard Bank South Africa, Stanbic Kenya and Stanbic Uganda) and lenders (Stanbic Kenya, Stanbic Uganda, British International Investment, Lion’s Head, Nithio, SunFunder, FMO, IFC and DFC) on USD 202 million equivalent local currency and US Dollar receivables-based secured syndicated credit facilities to M-KOPA Kenya Ltd and M-KOPA Uganda Ltd, respectively, and related security and guarantees from affiliated companies incorporated in Delaware, United States and the United Kingdom.* [IFLR Africa, Southern Africa Loan Deal of the Year 2024]
- The Arrangers and lenders (Standard Bank South Africa, Stanbic Nigeria and Stanbic Ghana) on two local currency and USD receivables-based secured syndicated credit facilities to be provided to M-KOPA Nigeria Ltd and M-KOPA Ghana Ltd, respectively (each guaranteed by affiliated companies incorporated in Delaware, United States and the United Kingdom).*
- An international group of petroleum companies on a USD 84 million multi-currency borrowing base credit facility for the operating companies in Ghana supported by a guarantee from the international parent company and local law security granted over receivables and commodities in Ghana.*
- The Arrangers (The Standard Bank South Africa Ltd) and lenders in respect of borrowing base credit facilities to be provided to a group of energy companies operating in Africa structured as an English law common terms agreement and ancillary facilities for borrowers incorporated in France and in multiple jurisdictions in Sub-Saharan Africa and providing for multiple currencies and security over receivables in several jurisdictions.*
- Standard Chartered Bank on a facility for TurkExim guaranteed by Asian Infrastructure Investment Bank.*
- The London branch of an international investment bank on EUR 50 million secured term facilities made available to a Serbian company for the production and trade of soya beans.*
- An Indian bank on a letter of credit facility to be made available to a Singapore-based international vehicle manufacturer to support receivables financing provided by various local banks to subsidiaries in Ghana, Nigeria, Kenya, Tanzania, Zambia and South Africa.*
- A Mauritian bank on a bank-to-bank loan facility made available to a Rwandan bank for on-lending, as well as a participation agreement facilitating participation by other Mauritian banks.*
Development finance
- An international development finance institution on USD 100 million equivalent multi-currency loan to a Tanzanian bank to support or expand its working capital and trade-related lending program.*
- An international development finance institution on USD 20 million loan to a Mauritanian bank to support or expand its lending program to eligible sub-borrowers and in particular women-owned businesses.*
- Aspen Pharmaceuticals Group on a EUR 600 million term loan facility with the International Finance Corporation, Deutsche Investitions- Und Entwicklungsgesellschaft MBH (DEG), Société De Promotion Et De Participation Pour La Coopération Économique (Proparco) S.A. and United States International Development Finance Corporation as lenders.* [Global Trade Review’s Best Deals of 2022]
- An international development finance institution on USD 7.5 million loan to a Sierra Leone bank to support or expand its lending program to eligible sub-borrowers.*
- Several development finance institutions on LIBOR transition amendments to project finance facility made available to a project company to finance a power plant in Ghana.*
Acquisition finance
- A South African investment company on a EUR 70 million acquisition financing for the acquisition of a European group of companies operating in the road infrastructure sector from a South African seller entity in business rescue.*
- Impala Platinum Holdings Ltd on acquisition finance for its USD 758 million acquisition of North American Platinum (a Canada-based platinum group metals producer listed on the TSX and the US OTC market).*
- An international bank in relation to USD 55 million acquisition financing for the acquisition of shares in a Ghanaian company operating in the oil and gas industry as a joint venture with the Ghanaian government by a Mauritian borrower and a South African sponsor.*
Energy and infrastructure finance – South African law
- A South African bank on guarantees from a fund as the sponsor and shareholder in a renewable energy project.*
- Rand Merchant Bank in connection with the financing of the construction and operation of a solar PV power plant pursuant to a private power purchase agreement in South Africa.*
- Nedbank in respect of project finance for the Zeerust and Droogfontein II solar PV power projects with Old Mutual Life Assurance Company (SA) Ltd as the lead equity member in the fourth bidding phase of the Renewable Energy Independent Power Producer Procurement (REIPPP) Programme in South Africa.*
- An international energy company on acquiring partially developed solar and wind energy projects with a view to bid submission in round 3 of the South African REIPPP Programme.*
Energy and infrastructure finance – English law
- Suez, Itochu Corporation and Marguerite as the sponsors and their joint venture company Beo Čista Energija on a EUR 290 million project financing of a 25-year Public-Private-Partnership to develop a new system to treat the municipal waste of the City of Belgrade, as well as equity bridge loans to the sponsors.*
- A joint venture between the French utility SUEZ Group and the Turkish waste management firm ALTAŞ on TRY 57.5 million (EUR 9 million equivalent) project financing from the EBRD for a full scale integrated solid waste management system in the Çanakkale region of Turkey.*
- DFI and commercial lender syndicate on LIBOR transition and commercial amendments in respect of an existing project financing credit facility made available to a Ghanaian project company and related security governed by Ghanaian and Jersey law.*
Restructuring and Insolvency
- The bank lenders to Petra Diamonds Ltd and its subsidiaries regarding the financial restructuring of the Petra Diamonds mining group.*
- Consolidated Infrastructure Group in relation to a standstill agreement and the restructuring of their credit facilities and notes programme.*
- The security trustee in relation to the company voluntary agreement and debt restructuring of Debenhams in the UK.*
- A full-service computer consulting business in the Middle East on its investment in, and guarantee for, the debt of a mobile broadband network company with operations in the UK, Nigeria, Uganda, Tanzania and the DRC, and which was undertaking formal restructuring in relation to multiple cross-border loan agreements.*
- An Asian export import bank on certain debt restructuring scenarios in relation to its loan made available to a South African mining company.*
Real Estate Finance
- A South African and a Ghanaian bank as agent and lenders in respect of a USD 20 million term loan facility to a Ghanaian company in respect of real estate assets in Ghana.*
- Nedbank, Rand Merchant Bank and a large South African bank on amending an existing multi-lender secured real estate finance structure to introduce a new lender and different lender categories and the provision of new and refinancing facilities thereunder to Respublica Student Living Proprietary Ltd, some of which were structured as sustainable loans.*
- Three large domestic commercial banks in negotiating financing agreements in relation to a ZAR 4 billion term loan and revolving credit facilities to an international real estate investment group.*
Capital Markets
- Sibanye Stillwater group on South African law aspects in relation to their offshore notes programme for up to USD 2 billion.*
- FirstRand Bank Ltd (acting through its Rand Merchant Bank division) in updating the iNguza ZAR 25 billion asset-backed note programme.*
- International arrangers on South African law aspects of a UK vehicle credit securitisation where the originator and seller is the London branch of a South African bank.*
- Aveng Ltd and its subsidiaries in relation to the early redemption of the notes issued under iNguza Investments’s ZAR 25 billion asset-backed note programme for cash, a combination of shares and cash or a loan claim against Aveng Africa.*
- Impala Platinum Holdings Ltd on a cash incentivized early repurchase of its ZAR 3.25 billion 6.375% coupon senior unsecured convertible bonds.*
- Consolidated Infrastructure Group on negotiations with noteholders and restating its existing listed notes programme.*
Pro bono experience
- Assisting Consortium for Street Children with research and drafting of a guide on the rights of children living on the street without guardians in various countries.*
- Volunteering as a legal assistant with a charity providing free legal aid to Greek Refugees and Asylum Seekers in Lesvos.*
- Advising indigent individuals in relation to administration of deceased estates.*
- Contributing to the development of standardised contract documentation and guides designed to streamline project development and finance processes for small solar energy projects coordinated by the International Renewable Energy Agency and Terrawatt Initiative.*
- Contributed to the World Bank’s publication on Doing Business across the globe on South African company and commercial law.*
Awards
- IFLR Africa Rising Star Award – National Practice, 2024
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