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Energy & Utilities

White & Case Advises Acea on €1 Billion Bond Issuance

14 Feb 2018

Global law firm White & Case LLP has advised Acea S.p.A., one of the main multi-utility providers in Italy, on its €1 billion bond issuance in two tranches: €300 million floating rate notes due 2023 and €700 million 1.5% notes due 2027.

The notes have been issued under Acea's €3 billion Euro Medium Term Note Programme, listed on the Luxembourg Stock Exchange and offered and sold pursuant to Regulation S under the Securities Act.

TLT completes £58.5m acquisition spree for NextEnergy

14 Feb 2018

TLT has advised on ten ground mounted solar share acquisitions for NextEnergy Solar Holdings III Limited in the last four months, totalling a significant 52.6MWp and £58.5m.
NextEnergy Solar Fund is an active investor in the ground mounted solar market and continues to have ambitious plans to expand its portfolio across the UK and Europe.

This round of acquisitions included the Henley, Gilleys Dam, Low Bentham, North Norfolk, Axe View, Pickhill, Wasing, Flixborough, Hill Farm and Forest Farm solar projects, stretching all the way from Cornwall to Yorkshire.

TLT completes £58.5m acquisition spree for NextEnergy

14 Feb 2018

TLT has advised on ten ground mounted solar share acquisitions for NextEnergy Solar Holdings III Limited in the last four months, totalling a significant 52.6MWp and £58.5m.
NextEnergy Solar Fund is an active investor in the ground mounted solar market and continues to have ambitious plans to expand its portfolio across the UK and Europe.

This round of acquisitions included the Henley, Gilleys Dam, Low Bentham, North Norfolk, Axe View, Pickhill, Wasing, Flixborough, Hill Farm and Forest Farm solar projects, stretching all the way from Cornwall to Yorkshire.

White & Case Advises Acea on €1 Billion Bond Issuance

14 Feb 2018

Global law firm White & Case LLP has advised Acea S.p.A., one of the main multi-utility providers in Italy, on its €1 billion bond issuance in two tranches: €300 million floating rate notes due 2023 and €700 million 1.5% notes due 2027.

The notes have been issued under Acea's €3 billion Euro Medium Term Note Programme, listed on the Luxembourg Stock Exchange and offered and sold pursuant to Regulation S under the Securities Act.

Ashurst advises Kuwait Petroleum International on its investment in the Duqm Refinery and Petrochemical Industries Company

14 Feb 2018

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.

Petróleos Mexicanos Issues $4 Billion Offering

13 Feb 2018

Cleary Gottlieb is representing long-time client Petróleos Mexicanos (Pemex), the Mexican state oil company, in its $4 billion Rule 144A/Reg S debt offering with registration rights, and in two concurrent liability management transactions.

Pemex’s debt offering of 5.350 percent notes due 2028 and 6.350 percent bonds due 2048, under its medium-term notes program, launched and priced on February 1, 2018. The liability management transactions also launched simultaneously on February 1, 2018.

Madison Energy, a Division of Madison Industries, Acquires the Centek Group

12 Feb 2018

Paul Hastings LLP, a leading global law firm, announced that it has advised Madison Energy, a division of Chicago-based Madison Industries, on the acquisition of the Centek Group.

Centek Group specializes in the development of engineering solutions for the world’s toughest casing running environments and is a world leading designer and manufacturer of centralizers, primarily for the oil and gas industry.

G+T advises on successful Paladin restructure and recapitalisation

12 Feb 2018

Paladin Energy Limited, an Australian listed company with substantial uranium and mining assets in Namibia, Malawi, Canada and certain Australian states, was placed into administration in July 2017 after one of its major customers, Electricité de France (EDF) advised Paladin it was not prepared to enter into a standstill agreement and required repayment of US$277 million under its Long Term Supply Agreement with the company. 

G+T advises on successful Paladin restructure and recapitalisation

12 Feb 2018

Paladin Energy Limited, an Australian listed company with substantial uranium and mining assets in Namibia, Malawi, Canada and certain Australian states, was placed into administration in July 2017 after one of its major customers, Electricité de France (EDF) advised Paladin it was not prepared to enter into a standstill agreement and required repayment of US$277 million under its Long Term Supply Agreement with the company.