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Finance & Banking

Shearman & Sterling Advises Underwriters on LexinFintech’s US$124.2 Million Initial Public Offering and Listing on the NASDAQ Global Market

16 Jan 2018

Shearman & Sterling advised Goldman Sachs, BofA Merrill Lynch, Deutsche Bank, China Renaissance and ICBCI as underwriters on the US$124.2 million initial public offering by LexinFintech Holdings Ltd. (LexinFintech) of 13.8 million American depositary shares (ADSs), which include 1.8 million ADSs sold pursuant to a full exercise of the underwriter’s over-allotment exercise, and the listing on the NASDAQ Global Market. LexinFintech is a leading online consumer finance platform in China.

Clifford Chance represents Lenders in financing of the biggest PV plant in Latin America

16 Jan 2018

Clifford Chance's cross-border project finance team represented Bancomext, ING and KfW in connection with an approximately US$209 million financing for the development of a 300MW photovoltaic project in Mexico, San Luis Potosí. The solar project was awarded to Fotowatio Renewable Ventures (FRV) during the second power auction held by CENACE.

Slaughter and May advised Yuanta Commercial Bank on its merger with Ta Chong Bank in Hong Kong

16 Jan 2018

Slaughter and May advised Yuanta Commercial Bank Co., Ltd (YCB) on the Hong Kong regulatory aspects of its merger with Ta Chong Bank Ltd (TCB).

YCB and TCB, both incorporated in Taiwan, merged pursuant to a statutory merger under Taiwan law, with YCB being the surviving entity. The Taiwan merger was recognised in Hong Kong under the doctrine of universal succession.

KWM advises Comsys on A380 acquisition and refinancing

16 Jan 2018

King & Wood Mallesons (KWM) advised Comsys Financial Leasing (Comsys) on its acquisition and finance leasing of an A380 aircraft to Mauritius-based operating lessor, Veling Group (Veling), with a 12 year operating lease attached to Emirates. Comsys financed its acquisition of the aircraft with a secured loan from a PRC policy bank.

The KWM team was lead drafting counsel on the finance leasing transaction as well as on the secured loan transaction.

Clifford Chance advises ABN AMRO on its restructuring of business divisions

16 Jan 2018

Clifford Chance advised ABN AMRO on its successful restructuring of business divisions ABN AMRO Lease and ABN AMRO Commercial Finance into one division with the name ABN AMRO Asset Based Finance. The restructuring consisted of four mergers, of which two mergers were cross-border mergers, and CC advised on Corporate, Regulatory and Employment matters. The restructuring was successfully completed on 1 January 2018.

WFW advises lenders on financing of Argentine onshore wind farm project

16 Jan 2018

Watson Farley & Williams (“WFW”) has advised a consortium of lenders comprising DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG),  Kreditanstalt für Wiederaufbau (KfW) and Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V.(FMO), as well as KfW IPEX-Bank GmbH as facility agent, on the €167m financing of the Vientos Los Hércules onshore wind farm project in the southern Argentine province of Santa Cruz.

Shandong Ruyi Technology Group $100 Million Senior Notes Offering

16 Jan 2018

Davis Polk advised the sole global coordinator, sole bookrunner and sole lead manager on a Regulation S only offering of $100 million 6.95% senior notes due 2022 (to be consolidated and form a single class with the $200 million 6.95% senior notes due 2022 issued on July 5, 2017 after the SAFE Completion Event with respect to both the original notes and the new notes has occurred) by Prime Bloom Holdings Limited, a wholly owned subsidiary of Shandong Ruyi Technology Group Co., Ltd., guaranteed by Shandong Ruyi and Forever Winner International Development Limited.