King & Wood Mallesons (KWM) have advised APA Group (APA) on its entitlement offer (PAITREO) of new APA securities, which was launched today. 
 
The KWM team was led by M&A Partners David Eliakim and Will Heath, supported by Senior Associate Anna Chen, and associates Chloe Johnston and Evelyn Peter.
 
The entitlement offer will be used to assist in the funding of APA’s growth projects and capital expenditure program, the funding of the redemption of APA Subordinated Notes, and for other general corporate purposes.
 

On February 13, 2018, Seadrill Partners LLC (SDLP) reached an agreement with the majority of lenders on an amended Term Loan B credit agreement (TLB Facility) to waive the leverage covenant until the maturity of the loan in February 2021. Concurrent with the TLB waivers, SDLP has sought waivers from three of its other secured facilities (the Secured Facilities). Orrick represented the Conflicts Committee of SDLP (the Conflicts Committee) in relation to both the waivers under the Secured Facilities and the amendments under the TLB.

DLA Piper has advised Asia’s largest independent renewable energy developer Equis Energy (Australia) Pty Ltd (Equis) on the development of a 127 MW Solar Farm and 132/3Kv Substation at Tailem Bend, South Australia.

Financial close was achieved on 14 February 2018, and construction of the project by UGL Engineering will commence shortly. The AU$200 million project will be the biggest solar array in South Australia, with 400,000 solar panels spread across 200 hectares.

DLA Piper has advised Asia’s largest independent renewable energy developer Equis Energy (Australia) Pty Ltd (Equis) on the development of a 127 MW Solar Farm and 132/3Kv Substation at Tailem Bend, South Australia.

Financial close was achieved on 14 February 2018, and construction of the project by UGL Engineering will commence shortly. The AU$200 million project will be the biggest solar array in South Australia, with 400,000 solar panels spread across 200 hectares.

The Swiss utility ewz, the public utility company of the City of Zurich, is further expanding its renewable energy portfolio by acquiring the two onshore wind farm projects "Autremencourt" and "Vihiersois" from Hamburg-based Nordex SE.

Ashurst advised Kuwait Petroleum International (KPI), a subsidiary of Kuwait Petroleum Corporation, on its joint venture with Oman Oil Company to develop a major new green-field crude oil refinery and a petrochemical complex strategically located within the Special Economic Zone of Duqm in the Sultanate of Oman and valued at US$6 billion. KPI completed its purchase of a 50 per cent interest in Duqm Refinery and Petrochemical Industries Company in February 2018.

On February 13, 2018, Seadrill Partners LLC (SDLP) reached an agreement with the majority of lenders on an amended Term Loan B credit agreement (TLB Facility) to waive the leverage covenant until the maturity of the loan in February 2021. Concurrent with the TLB waivers, SDLP has sought waivers from three of its other secured facilities (the Secured Facilities). Orrick represented the Conflicts Committee of SDLP (the Conflicts Committee) in relation to both the waivers under the Secured Facilities and the amendments under the TLB.

Orrick’s Paris litigation team obtained a major victory for Italian energy company ENEL in a long battle involving Albanian judgments against the company.

Herbert Smith Freehills is advising Woodside Petroleum Ltd. (Woodside) on its A$2.5 billion fully underwritten 1 for 9 renounceable pro-rata entitlement offer (with retail rights trading) announced to ASX on 14 February 2018.

The proceeds from the equity raising will be used by Woodside to fund the acquisition of up to an additional 50% interest in the Scarborough gas field and for general corporate purposes, including funding support for the Scarborough and SNE Phase 1 developments and to progress development of Browse to targeted final investment decision.

Herbert Smith Freehills is advising Woodside Petroleum Ltd. (Woodside) on its A$2.5 billion fully underwritten 1 for 9 renounceable pro-rata entitlement offer (with retail rights trading) announced to ASX on 14 February 2018.

The proceeds from the equity raising will be used by Woodside to fund the acquisition of up to an additional 50% interest in the Scarborough gas field and for general corporate purposes, including funding support for the Scarborough and SNE Phase 1 developments and to progress development of Browse to targeted final investment decision.