Debevoise & Plimpton LLP has advised Rexel in the placement of €300 million of 2.625% senior notes due 2024.
The notes, callable at Rexel’s discretion from March 2020, will rank pari passu with Rexel’s senior credit facility and other senior unsecured notes. They are being offered exclusively to investors outside the United States and will be listed on the Luxembourg Stock Exchange.
Cross-border team advises on complex disposal.
Uniper Exploration & Production GmbH, Düsseldorf (Uniper), has signed an agreement with Austrian oil and gas company OMV Exploration & Production GmbH (OMV) for the sale of its interest in the Russian gas field Yuzhno-Russkoye. The purchase price for Uniper’s participation amounts to approx. EUR 1,749 million (USD 1,850 million) plus cash on balance sheet per 31 December 2016.
Ashurst has advised Australian renewable energy developer Edify Energy Pty Ltd (Edify Energy) on the completion of Australia's largest single solar project financing to build and operate three new large-scale solar farms: The Whitsunday and Hamilton Solar Farms in Queensland and the Gannawarra Solar Farm in Victoria.
Upon completion, the Victoria and Queensland markets will benefit from an expected additional 165 MW (AC) of renewable energy capacity by Q1 2018, generating enough electricity to power 87,000 households.
A cross-border team from global law firm Norton Rose Fulbright has advised international solar energy company Wirsol Energy on the acquisition and the project financing of a portfolio of three large scale solar PV projects in Queensland and Victoria.
Allen & Overy advised ENGIE on the sale of 100% of its shares in ENGIE Energia Polska, the owner of Elektrownia Polaniec, to ENEA S.A.
ENGIE Energia Polska is the fifth largest power producer in Poland. It operates a power plant in Polaniec with a capacity of 1.9 GW consisting of seven coal fired units and the world's largest biomass fired boiler of 205 MW. Following the transaction, ENEA will be the largest power producer in Poland.
Global law firm White & Case LLP has advised Saudi Arabian Oil Company (Saudi Aramco) on its share purchase agreement with Petroliam Nasional Berhad (Petronas) under which Saudi Aramco will acquire a 50 percent equity interest, valued at approximately US$7 billion, in a joint venture with Petronas to develop the Refinery and Petrochemical Integrated Development (RAPID) project in the southern Malaysian state of Johor.
Ashurst advised Oranje-Nassau Energie B.V. ("ONE") on its acquisition of the entire issued share capital of Sterling Resources (UK) Limited ("SRUK"), from SRUK Holdings Limited.
Slaughter and May is advising John Wood Group plc on its recommended all-share offer for Amec Foster Wheeler plc.
Based on the pre-announcement closing price of a Wood Group share, the terms of the combination value Amec Foster Wheeler at approximately £2,225 million. Following completion of the combination, Wood Group’s shareholders will own approximately 56 per cent. of the combined group.The combination is to be effected by
Hogan Lovells represented Petróleos Mexicanos (Pemex), a Mexico-owned exploration and production company, in an agreement with Australian multinational mining, metals, and petroleum company BHP Billiton Ltd. to develop the deep-water Trion Block. BHP won a bid for the agreement to partner with PEMEX on Trion in December 2016.
Trion is Pemex's first exploration and production farm out project in association with a foreign company. The development of the project could require an investment of US $US14 billion in total.
Since the summer of 2013, Herbert Smith Freehills has advised Vitol, a leading energy and commodities company with a turnover of US$168 billion, on its US$7 billion oil and gas project in Ghana with Eni. Herbert Smith Freehills has advised on the commercial contracts, including a US$500 million International Development Association (IDA) supported letter of credit structure to support timely gas payments under the offtake arrangements (the largest ever IDA political risk guarantee), as well as the up to US$1.65 billion multi-sourced financing of Vitol's minority interest.