Shearman & Sterling advised Motor Oil (Hellas) Corinth Refineries S.A. on its high yield bond offering of €350 million 3.125% senior notes due 2022 issued by Motor Oil's direct subsidiary, Motor Oil Finance plc. This is Motor Oil Hellas' second such offering after the company's successful €350 million inaugural high yield notes offering in 2014. The coupon is believed to be among the lowest for a Greek credit in recent years. The proceeds of the offering have been used to refinance the company's existing notes issued in 2014.

Norton Rose Fulbright has acted for a consortium of PT Medco Power Indonesia and Ratchaburi Electricity Generating Holding Public Co, Ltd on the Riau 275 MW gas-fired power plant on the east coast of Sumatra.

The consortium won a competitive tender in late 2016 and signed the Power Purchase Agreement with PLN on April 7 this year. The Riau plant will supply electricity to Indonesian state utility PLN as the off-taker under a Build, Own, Operate, Transfer (BOOT) arrangement.

TOKYO, April 2017 – A team of Tokyo, Washington, D.C., New York and Singapore lawyers of global law firm Hogan Lovells has advised Exelon Corporation, America’s leading nuclear operator, on the formation of a new 50:50 joint venture with The Japan Atomic Power Company, a pioneer in Japan’s nuclear power industry.

A cross-office Baker McKenzie team recently advised UPC Renewables and AC Energy Holdings (a subsidiary of Ayala Corporation) on the development and financing of the 75MW Sidrap wind farm project located in South Sulawesi, Indonesia.

Baker McKenzie is acting for FAR Limited on the fully underwritten placement to institutional and sophisticated investors to raise AUD$80 million.

Baker McKenzie's lead partner on the transaction, Richard Lustig stated:

    We are delighted to act for our client, FAR Limited on what is a significant capital raising with strong support by both new and existing investors.

Jones Day represented Peabody Energy Corporation, a large private-sector coal company, in connection with an amendment and restatement of its receivables securitization program with PNC to, among other things, increase the maximum availability under the facility to $250 million, extend the facility termination date, and add certain Australian subsidiaries of Peabody Energy Corporation as originators.

For additional information about this matter, please contact: Glenn S. Arden, Katie Higgins, Michelle F. Herman
Client(s): Peabody Energy Corporation

Addleshaw Goddard has advised SSE Energy Supply Limited ("SSEESL") on the contractual framework governing the next tranche of its smart meter rollout programme.

The forthcoming tranche will see 2.7 million smart meters rolled out from March onwards, and will see SSEESL working with two new entrants to the market; MapleCo, an independent Meter Asset Provider supporting the UK energy market, and SGN Smart, a subsidiary of SGN.

Setterwalls has advised Arise AB (publ) in connection with a rights issue of convertible bonds with preferential rights for existing shareholders of SEK 245 million.

The convertible bonds are traded on Nasdaq Stockholm and can be converted into new ordinary shares in Arise at a conversion price of SEK 22. The convertible bonds will run until March 31, 2022 with a coupon rate of 5.75 per cent.

Baker McKenzie’s member firms in Singapore and Indonesia, Baker McKenzie Wong & Leow and HHP Law Firm have advised on the Hasang Hydropower Plant, part of the Indonesian Government's 'Fast Track II' programme. The project reached successful financial close on 31 October 2016.

Herbert Smith Freehills has advised Infigen Energy on the development of the Bodangora Wind Farm near Wellington in New South Wales.

Infigen, together with a consortium comprising GE and CATCON will construct the 113MW wind farm. Total project costs will be approximately $236 million and will be part funded from a $163 million construction facility provided by NORD/LB and Clean Energy Finance Corporation. The project is supported by a power purchase agreement under which EnergyAustralia will purchase 60% of the annual output produced over the period to December 2030.