Jump to Navigation
  • French
Caddy, Olivia
Olivia Caddy
Partner
P: +44.(0).207.448.4207
F: +44.(0).207.657.3124

Jodie Frampton

+44.(0).207.448.4252

Olivia has been working as an energy finance lawyer for over 10 years, advising banks, financial institutions and E&P independents on oil and gas upstream debt financings. Her particular experience and focus is on reserve-based lending and she has worked on a significant number of RBLs, including some of the largest RBLs in Europe. The transactions she advises on are multi-jurisdictional. As a native French speaker, her contribution on upstream financings in Francophone Africa is invaluable. 

William Stevens, managing director, global head of Strategic Energy Solutions with HSBC Bank plc describes Olivia as "…one of the top oil and gas debt structuring lawyers in the business and is seen as a 'go-to' lawyer in this field, particularly for bespoke and complex transactions which require a keen commercial mind. Driven by efficient execution, without compromising attention to detail, Olivia has built up solid client relationships based on trust."

exceptional banking and energy sector knowledge”, “Trusted advisers” ,“an impeccable record with financial institutions” Legal 500 UK, 2015 

Representative Matters

ATP Oil & Gas Corporation: advising ATP in relation to a US$188 million secured credit facility with Credit Suisse First Boston

Candax Energy: advising Bank of Scotland as arranger in relation to a US$50 million borrowing base facility to subsidiaries of Candax Energy for the financing of development oil & gas assets in Tunisia

Caracal Energy: advising Caracal Energy on an up to US$250 million reserve based financing for the development of its petroleum assets in Chad arranged by Natixis and Société Générale (awarded Middle East and Africa Deal of the Year 2014 by Trade Finance Magazine)

Carrizo Oil: advising BNP Paribas and Société Générale on a US$84 million borrowing base facility for Carrizo Oil to project finance the development of the Huntington field in the UK North Sea

CE Electric UK Funding Company: advising CE Electric UK Funding Company in relation to a GBP100 million revolving credit facility with Lloyds TSB Bank and The Royal Bank of Scotland (and the subsequent refinancing thereof)

Confidential client: advising a financial institution in its financing in support of a bid by an E&P Company for the acquisition of certain OML interests offshore Nigeria as part of the divestment of the Shell’s interests in the region

Confidential client: advising a financial institution in its financing in support of a bid by an private equity backed E&P company for the acquisition of certain petroleum in the North Sea

Confidential client: advising an E&P Company on its proposed financing for the acquisition of certain petroleum interest in the North Sea

Dana Petroleum: advising Bank of America as documentation bank on a US$870 million revolving corporate facility to Dana Petroleum

Dana Petroleum: advising Royal Bank of Canada on a US$900 million revolving corporate facility to Dana Petroleum

Eland Oil & Gas: advising Eland Oil & Gas on a up to US$75 million reserve based facility arranged by Standard Chartered Bank  for the financing of its ongoing development with its assets onshore Nigeria

Endeavour International: advising BNP Paribas and Bank of Scotland on a US$25 million reserve-based financing for Endeavour International for its North Sea assets

Gasol Plc: advising Deutsche Bank on the financing to Gasol Plc for the acquisition of a minority interest of oil and gas assets in Côte d’ Ivoire

GEA Holdings Limited: advising BNP Paribas (Suisse) as lead mandated lead arranger on the refinancing of the reserve-based facility to GEA Holdings Limited for the financing of assets in Azerbaijan

Glencore UK: advising Glencore UK on an up to US$200 million prepayment facility for Société Anonyme Marocaine de l’Industrie du Raffinage

Global Investment Banks on a bid acquisition financing for certain Oil Mining Licences in Nigeria

Ithaca: advising Société Générale, Bank of Scotland, Lloyds TSB, Natixis, National Australia Bank and BNP Paribas on a proposed c. US$240 million reserve-based financing for Ithaca

Ithaca: advising Royal Bank of Scotland as arranger in relation to a US$60 million pre-development facility to Ithaca to finance the development of various UK North Sea petroleum assets

Impact: advising Impact in their negotiations of their Production Sharing Contract with the Ministry of Hydrocarbons in Gabon following the awards of new licences blocks offshore Gabon

Irminio: advising Société Générale, BNP Paribas and Banca IMI on an up to US$100 million secured borrowing base facility to Irminio in relation to its Italian petroleum assets

Lundin Petroleum: advising HSBC Bank plc as mandated lead arranger and documentation bank and a syndicate of 25 other commercial banks on a US$2.5 billion secured reserve based facility to Lundin Petroleum involving assets in France, the Netherlands, Indonesia, Norway and the North Sea (‘European Upstream Oil & Gas Deal of the Year 2012’, Project Finance Awards)

Marubeni Oil & Gas (U.K.) Limited: advising Bank of Scotland, Mizhuo Corporate Bank and The Royal Bank of Scotland as mandated lead arrangers in relation to a US$560 million senior secured borrowing base facility to Marubeni Oil & Gas (U.K.) Limited

Maurel & Prom: advising Maurel & Prom on a US$350 million senior facility with Natixis , BNP Paribas, Credit Agricole and Standard Chartered Bank in relation to its assets in Gabon

Northern PowerGrid Holdings Company: advising NortherPowerGrid Holdings Company on a financing with European Investment Bank

Northern PowerGrid Holdings Company: advising Northern PowerGrid Holdings Company on the refinancing of a US150 million revolving credit facility

Odebrecht E&P Angola: advising HSBC Bank plc and Standard Bank on a US$250 million senior guaranteed bridge term loan facility for Odebrecht E&P Angola

Oilexco North Sea: advising The Royal Bank of Scotland on successive financings to Oilexco including on a US$500 million borrowing base facility and a £100 million pre-development facility for Oilexco North Sea and on Oilexco’s subsequent administration

Perenco: advising Perenco on a US$2.8 billion reserve-based lending facility (awarded 'European Upstream Oil & Gas Deal of the Year 2010’, Project Finance Magazine)

Petroceltic International: advising Petroceltic on a US$ 500 million bridge facility to acquire Melrose Resources plc

Providence Resources: advising BNP Paribas as sole arranger on a US$100 million secured borrowing base facility to Providence Resources

Seplat: advising Seplat Petroleum Development Company plc on a US$1.7 billion financing (comprising of a revolving facility with international banks and a reserve based financing with Nigerian banks) in relation to oil and gas assets in Nigeria

Sterling Resources (UK): advising Société Générale and BNP Paribas on a £105 million senior secured project financing facility for Sterling Resources (UK) for the development of the Breagh gas field in the North Sea

Stratic Energy Corporation: advising Stratic Energy as borrower under a senior borrowing base facility and an undeveloped asset backed facility provided by Société Générale and The Royal Bank of Scotland, among others

Tullow Oil: advising BNP Paribas, HSBC Bank plc, IFC and 24 other commercial banks on the UK market's largest borrowing base facility, US$3.5 billion senior and junior secured credit facilities for Tullow Oil involving oil and gas assets in Africa and the North Sea

Tullow Oil: advising Standard Chartered Bank as documentation bank on the refinancing of Tullow’s US$650 million corporate facility, sized against Tullow’s contingent resources

Tullow Oil: advising Credit Agricole, BNP Paribas and Standard Chartered Bank as mandated lead arrangers on a US$300 million bridge facility to Tullow Oil to partly finance the acquisition of Nuon Exploration & Production

Tullow Oil: advising Crédit Agricole as documentation bank on a US$650 million corporate facility to Tullow Oil, sized against the reserve capacity of Tullow's assets in Uganda

Tullow Oil: advising BNP Paribas, Bank of Scotland and ABN AMRO Bank N.V., as mandated lead arrangers in relation to a US$1.3 billion secured revolving borrowing base facility to Tullow Oil plc involving oil and gas assets in Africa and the North Sea (including advising on subsequent increases to the senior facility)

Tullow Oil SK: advising BNP Paribas, ABN AMRO and Bank of Scotland as mandated lead arrangers on a £161 million borrowing base facility to Tullow Oil SK (a subsidiary of Tullow Oil) to finance the purchase of the respective producing interests of Esso Exploration and Production UK and Shell UK in certain gas fields

Valiant Petroleum: advising BNP Paribas, Bank of Scotland and a syndicate of banks on a US$335 million borrowing base facility to Valiant Petroleum

Education

L.P.C., with Commendation, College of Law, UK, 2001
C.P.E., College of Law, UK, 2000
LL.M., International Business Law, with Merit, Kings’ College, UK, 1999
Master in Private Law, Université Jean Moulin Lyon Ill, France, 1998

Bar Admissions

Solicitor of the Senior Courts of England and Wales

Noteworthy

Legalease, The Legal 500 United Kingdom, Finance – Emerging Markets, 2014-2016
Legalease, The Legal 500 United Kingdom, Finance – Bank Lending: Investment Grade Debt and Syndicated Loans, 2015-2016
Legalease, The Legal 500 United Kingdom, Projects, Energy and Natural Resources – Oil & Gas, 2015-2016
Euromoney Institutional Investor PLC, IFLR1000 Energy & Infrastructure Guide, Sub-Saharan Africa, Rising Star, 2014-2016
Euromoney Institutional Investor PLC, IFLR1000 Financial & Corporate Guide, Banking, Project Finance, Rising Star, 2016-2017