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Finance & Banking

King & Wood Mallesons acts on Woodside Petroleum Limited’s $2.5 billion entitlement offer

14 Feb 2018

King & Wood Mallesons (KWM) has acted on Woodside Petroleum Limited’s pro rata accelerated renounceable entitlement offer (with retail rights trading) (PAITREO) of new ordinary shares to existing shareholders.

The KWM team, consisting of partner David Friedlander, senior associate Amanda Isouard and solicitor Michael Power, advised the joint lead managers UBS AG, Australia Branch and Morgan Stanley Australia Securities Limited.

White & Case Advises Bank Syndicate on SIAS €550 Million Bond Issuance

14 Feb 2018

Global law firm White & Case LLP has advised the bank syndicate on the €550 million 1.625% senior secured notes due 2028 issued by SIAS S.p.A., a leading Italian motorway operator.

The notes have been issued under SIAS' €2 billion Euro Medium Term Note Programme, listed on the Irish Stock Exchange and offered pursuant to Regulation S under the Securities Act.

O’Melveny Represents Placement Agents in Issuance of H-Shares of Sinopec Oilfield Service Corporation

14 Feb 2018

O'Melveny represented China International Capital Corporation Hong Kong Securities Limited, Deutsche Bank AG, Hong Kong Branch, Guotai Junan Securities (Hong Kong) Limited and CLSA Limited, as the Placing Agents, in the private placement of 3,314,961,482 new H Shares at HK$1.35 per H Share (the H Share Placement) of Sinopec Oilfield Service Corporation (SSC) on the main board of the Hong Kong Stock Exchange (1033.HK).

KME AG’s €300 Million Senior Secured Notes Offering

14 Feb 2018

Shearman & Sterling represented Goldman Sachs International, BNP Paribas, Deutsche Bank, Banca Akros S.p.A. Gruppo Banco BPM, Banca IMI and Raiffeisen Bank International on KME AG’s €300 million offering of its 6¾% senior secured notes due 2023. The offering, which was conducted pursuant to Rule 144A and Regulation S under the U.S. Securities Act, closed on February 9, 2018.

Simpson Thacher Advises on $2.5 Billion of Financing Transactions by CSC Holdings in Connection with the Announced Separation of Altice USA from Altice N.V.

13 Feb 2018

The Firm represented Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, BNP Paribas Securities Corp. and Crédit Agricole Corporate and Investment Bank, as the initial purchasers in the Rule 144A/Regulation S offering of $1 billion aggregate principal amount of 5.375% Senior Guaranteed Notes due 2028 by CSC Holdings, LLC (“CSC Holdings”).

Simpson Thacher Advises on $2.5 Billion of Financing Transactions by CSC Holdings in Connection with the Announced Separation of Altice USA from Altice N.V.

13 Feb 2018

The Firm represented Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, BNP Paribas Securities Corp. and Crédit Agricole Corporate and Investment Bank, as the initial purchasers in the Rule 144A/Regulation S offering of $1 billion aggregate principal amount of 5.375% Senior Guaranteed Notes due 2028 by CSC Holdings, LLC (“CSC Holdings”).

Simpson Thacher Represents Dealers in Connection With Update of Sumitomo Mitsui Banking Corporation’s $50 Billion Medium Term Notes Program and Senior Notes Offering Thereunder

13 Feb 2018

Simpson Thacher recently represented the dealers in connection with Sumitomo Mitsui Banking Corporation’s (“SMBC”) update of its US$50 billion Global Medium Term Notes Program and the offering of US$1.25 billion of senior fixed rate notes and US$750 million of senior floating rate notes thereunder. The senior notes were guaranteed by SMBC’s New York branch and offered and sold in reliance on the exemption from SEC registration provided in Section 3(a)(2) of the Securities Act.

Simpson Thacher Represents Dealers in Connection With Update of Sumitomo Mitsui Banking Corporation’s $50 Billion Medium Term Notes Program and Senior Notes Offering Thereunder

13 Feb 2018

Simpson Thacher recently represented the dealers in connection with Sumitomo Mitsui Banking Corporation’s (“SMBC”) update of its US$50 billion Global Medium Term Notes Program and the offering of US$1.25 billion of senior fixed rate notes and US$750 million of senior floating rate notes thereunder. The senior notes were guaranteed by SMBC’s New York branch and offered and sold in reliance on the exemption from SEC registration provided in Section 3(a)(2) of the Securities Act.

Simpson Thacher Represents Dealers in Connection With Update of Sumitomo Mitsui Banking Corporation’s $50 Billion Medium Term Notes Program and Senior Notes Offering Thereunder

13 Feb 2018

Simpson Thacher recently represented the dealers in connection with Sumitomo Mitsui Banking Corporation’s (“SMBC”) update of its US$50 billion Global Medium Term Notes Program and the offering of US$1.25 billion of senior fixed rate notes and US$750 million of senior floating rate notes thereunder. The senior notes were guaranteed by SMBC’s New York branch and offered and sold in reliance on the exemption from SEC registration provided in Section 3(a)(2) of the Securities Act.

Simpson Thacher Advises Initial Purchasers on Gol Linhas Aéreas’ US$150 Million Reopening of Bond Offering

13 Feb 2018

The Firm recently represented Credit Suisse Securities (USA) LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, Banco BTG Pactual S.A., Evercore Group L.L.C., Santander Investment Securities Inc., BCP Securities LLC and Banco Safra S.A., as initial purchasers, in an offering of US$150 million aggregate principal amount of additional 7% Senior Notes due 2025 by Gol Finance, a subsidiary of Gol Linhas Aéreas Inteligentes S.A. (“Gol”), the Brazilian airline.