Cleary Gottlieb represented Unifin Financiera, S.A.B. de C.V., SOFOM, E.N.R. (Unifin) in a Rule 144A/Regulation S offering of $300 million of senior notes.

Davis Polk advised the administrative agent and joint lead arrangers in connection with the repricing of the $1.342 billion term loan facility and the $75 million revolving loan facility for Cision Ltd. The repricing accomplished a 100 basis point reduction in the applicable margin on the U.S. dollar-denominated term loans and a 75 basis point reduction in the applicable margin on the Euro-denominated term loans and on the U.S. dollar revolving credit facility. 

Ashurst advised Numis Securities as sponsor on Trinity Mirror’s acquisition of newspaper publishing group Northern & Shell for £127 million, one of the most significant UK newspaper mergers in decades.

Ashurst advised Numis Securities as sponsor on Trinity Mirror’s acquisition of newspaper publishing group Northern & Shell for £127 million, one of the most significant UK newspaper mergers in decades.

Davis Polk advised the administrative agent and joint lead arrangers in connection with the repricing of the $1.342 billion term loan facility and the $75 million revolving loan facility for Cision Ltd. The repricing accomplished a 100 basis point reduction in the applicable margin on the U.S. dollar-denominated term loans and a 75 basis point reduction in the applicable margin on the Euro-denominated term loans and on the U.S. dollar revolving credit facility. 

International law firm McDermott Will & Emery advised a bank consortium consisting of Joh. Berenberg, Gossler & Co. KG und equinet Bank AG on a capital increase of ProCredit Holding AG & Co KGaA. 5,354,408 newly issued shares were placed with qualified investors by way of an accelerated book-building process at a price of EUR 11.40 per new share, resulting in gross proceeds of approx. EUR 61 million. The company’s shares are traded on the Prime Standard segment of the Frankfurt Stock Exchange.

Davis Polk is advising a major creditor and backstop party in the $20 billion restructuring of Brazilian telecommunications provider Oi S.A. Oi’s Recuperação Judicial (a proceeding under Brazil’s bankruptcy law) is the largest court-supervised restructuring ever to take place in Latin America. In addition to the proceedings in Brazil, Oi is also subject to chapter 15 cases in the United States and ancillary proceedings in other foreign jurisdictions.

Davis Polk advised the dealers in connection with a Rule 144A and Regulation S offering by Banco Safra S.A., acting through its Cayman Islands Branch of $500 million aggregate principal amount of 4.125% senior notes due 2023 under Banco Safra’s medium-term notes program.

Banco Safra is a leading multiple bank ranked as the fourth-largest privately-owned bank in terms of total assets in Brazil.

Shearman & Sterling is advising GE Capital Global Holdings, LLC on its acquisition of a 24.99% stake in YPF Energía Eléctrica (YPF EE) from YPF S.A. When complete, GE Capital and YPF S.A. will jointly control YPF EE. GE Capital will pay $275 million for its stake in YPF EE, in addition to a $35 million contingent payment. The transaction is expected to close by February 28, 2018.

The Shearman & Sterling team below was supported by visiting attorney Javier Napoleone (New York-Project Development & Finance).

Freshfields Bruckhaus Deringer has advised HSBC, Huatai Securities and Morgan Stanley as the joint global coordinators in the spin-off of A-Living Services Co. Ltd. from Agile Group Holdings Ltd. and the offering and separate listing of H shares of A-Living on the Hong Kong Stock Exchange.

The transaction, which closed today (9 February 2018), involved the offering and listing of approximately 333m H shares. It raised gross proceeds of approximately US$526m (HK$4.1bn).