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Finance & Banking

Ensco plc $1 Billion Senior Notes Offering and Concurrent Tender Offer

26 Jan 2018

Davis Polk advised the representatives of the several underwriters, in an SEC-registered offering by Ensco plc of $1 billion aggregate principal amount of its 7.75% senior notes due 2026.

Davis Polk also advised the dealer managers in connection with Ensco’s concurrent cash tender offer for its outstanding 8.50% senior notes due 2019, 6.875% senior notes due 2020 and 4.70% senior notes due 2021. The tender offer was funded with the proceeds of the notes offering.

MoFo Represents SoftBank in Multi-Billion Dollar Investment in Uber

25 Jan 2018

Morrison & Foerster served as sole counsel to SoftBank in facilitating the successful close of SoftBank’s primary and secondary investment in Uber, the largest ever private secondary transaction in the technology space.

The MoFo deal team was led by Suz Mac Cormac, a partner in the firm’s San Francisco office, and included partner Alex Kaufman (Palo Alto), partner Noah Carr (Tokyo) and Ken Siegel, managing partner of the firm’s Tokyo office.

CMS advises EBRD on public buildings energy efficiency improvement in Ukraine

25 Jan 2018

CMS Cameron McKenna Nabarro Olswang in Kyiv is pleased to announce that our law firm has recently advised the European Bank for Reconstruction and Development (EBRD) on improvement of energy efficiency of public buildings in Ukraine. The city of Kremenchuk in central Ukraine is the first municipality to receive funding under the EBRD’s Public Sector Energy Efficiency Financing Framework (PSEEF). EBRD will provide loan financing of up to €7.5m and a €1.5m grant to the Communal Enterprise “Kremenchuk Municipal Energy Service Company”.

South Korea’s Kakao Corp Completes US$1 Billion GDR Offering

24 Jan 2018

Paul Hastings, a leading global law firm, announced today that the firm represented the underwriters in the US$1 billion GDR offering by Kakao Corp., the operator of leading mobile and online platforms in Korea. This marks the largest overseas-listed equity offering by a Korean issuer in a decade.

The GDRs will be listed on the Singapore Exchange, while the underlying common shares will be listed on the Korea Exchange.

Sidley Advises on the Initial Public Offering of Zhenro Properties

24 Jan 2018

Sidley has advised on the initial public offering of Zhenro Properties Group Limited (Zhenro Properties) on the Stock Exchange of Hong Kong. Our clients were CCB International Capital Limited, Guotai Junan Securities (Hong Kong) Limited and Haitong International Securities Company Limited as the underwriters of the transaction. The total offering amount was HK$3.99 billion (excluding over-allotment).