Drew D. Salvest

Partner

  • Drew D. Salvest
  • Phone: +44 20 7786 2115
    Fax: +44 20 7691 9349

    Import to Address Book

  • Duane Morris
    Citypoint, 16th Floor
    One Ropemaker Street
    London, UK EC2Y 9AW

Drew D. Salvest has more than 25 years of experience advising on U.S. and international capital markets transactions, including advising on securitizations, convertible bonds and other complex structured offerings. He regularly advises the originator on matters related to Europe’s largest trade receivables securitization program.

Mr. Salvest also advises European, Central Asian, Middle Eastern and North African sovereign, corporate and financial institution issuers and their bankers on a broad range of debt securities and other debt products that are sold to or placed with investors and banks pursuant to U.S. Securities and Exchange Commission-registered public offerings, as well as global offerings, commercial paper programs, Eurobond offerings, private placements, syndications, prepayments and bilateral facilities.

Mr. Salvest is a 1987 graduate of New York University School of Law and a cum laude graduate of Amherst College.

Areas of Practice

  • Capital Markets

  • Banking, Finance and Securities

Admissions

  • England and Wales
  • New York

Experience

  • Duane Morris
    - Partner, 2019-present
  • Jones Day
    - Of Counsel, 2019
    - Partner, 2012-2018
  • Mayer Brown LLP
    - Partner, 2002-2012
  • Andersen Legal
    - Partner, 2001
  • Dewey Ballantine
    - Partner, 1997-2001

Education

  • New York University School of Law, J.D., 1987
  • Amherst College, B.A., 1978

Honors and Awards

  • Listed in Chambers UK

  • Listed in Legal 500 UK

Representative Matters

  • Represented Heylo Housing Group Limited, an innovative for-profit shared ownership housing company providing affordable housing in the UK, in a £250 million financing provided by a direct lending funder; the deal involved a bespoke security structure to ensure that legal and beneficial title over properties in the portfolio was secured.
  • Represented Trafigura Group Pte. Ltd , a market leader in the global commodities industry, and various subsidiaries, in connection with a European multi-currency syndicated revolving credit facility totaling USD $1.9 billion.
  • Represented Trafigura Group Pte. Ltd , a market leader in the global commodities industry, in connection with a Japanese yen-denominated term loan of JPY 76.8 billion (circa USD $720 million equivalent at spot rate).
  • Represented Trafigura Group Pte. Ltd , a market leader in the global commodities industry, in connection with Trafigura’s fifth issuance in the US private placement market, wherein US $203,000,000 Senior Notes were issued with tenors of 5, 7 and 10 years.
  • Advised Trafigura Group Pte. Ltd., a market leader in the global commodities industry, in connection with its offering of $600 million of 6.875% Perpetual Resettable Step-up Subordinated Securities on the Singapore Stock Exchange.
  • Represented Trafigura Group Pte. Ltd., a market leader in the global commodities industry, in connection with the issuance of €262.5 million Perpetual Resettable Step-Up Subordinated Securities listed on the Singapore Stock Exchange and a US $88 million tap issuance of its 5.50% Senior Guaranteed Notes listed on the Irish Stock Exchange. These securities were issued in connection with Trafigura’s acquisition of 98% of the outstanding share capital of Nyrstar NV through a UK scheme of arrangement of Nyrstar.
  • Represented Trafigura Pte Ltd., a market leader in the global commodities industry, in connection with its entry into a 365-day USD revolving credit facility (US $760 million), a 1-year CNH term loan facility (US $445 million equivalent) and a 3-year USD term loan facility (US $300 million).
  • Advised Trafigura Group Pte. Ltd., a market leader in the global commodities industry, in connection with the issuance and placement of $500 million of asset-backed notes issued by Trafigura Securitisation Finance PLC in a Rule 144A and Regulation S offering and listed on the Irish Stock Exchange.
  • Represented Trafigura Funding S.A., a subsidiary of Trafigura Group Pte. Ltd., a market leader in the global commodities industry, in its private placement of US $140 million of Senior Guaranteed Notes to institutional investors in the United States.
  • Represented Trafigura Group Pte. Ltd., a market leader in the global commodities industry, in connection with its entry into its 365-day multi-currency syndicated revolving credit facility totaling US $2.05 billion and the exercise of the first extension option available on the 3-year tranche of its 2018 ERCF, thereby extending the facility by 365 days.