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Finance & Banking

Allen & Overy advises DZ BANK AG on EUR 170 million loan for Raiffeisen Waren-Zentrale Rhein-Main

16 Jan 2018

Allen & Overy LLP has advised DZ BANK AG as arranger and documentation agent on a secured syndicated loan in the amount of EUR 170 million granted to Raiffeisen Waren-Zentrale Rhein-Main eG.

The financing was arranged by DZ BANK AG, along with Coöperatieve Rabobank U.A., Frankfurt am Main branch, Landesbank Baden-Württemberg, NIBC Bank Deutschland AG, Norddeutsche Landesbank -Girozentrale- and UniCredit Bank AG.

The Allen & Overy team comprised counsel Dr. Mark Hallett and senior associate David J. Schmidt (both banking and finance, Frankfurt).

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

15 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 advises banks on the EUR150 million facility for ChelPipe

15 Jan 2018

Clifford Chance Moscow team has advised a syndicate of banks on the EUR150 million Russian law syndicated facility for PJSC Chelyabinsk Pipe plant (ChelPipe), the leading Russian manufacturer of tubular goods and the provider of integrated solutions for fuel and energy companies.

The deal was closed as a four-year unsecured facility. Raiffeisenbank, Commerzbank, UniCredit, Rosbank, ICBC and Agricultural Bank of China Limited acted as Mandated Lead Arrangers. Raiffeisenbank acted as Documentation Agent and Facility Agent for the Facility.

Slaughter and May advised Nordea Bank AB (publ) on the SEK 11 billion term facility agreement made available to Tele2 AB (publ)

15 Jan 2018

Slaughter and May, has advised Nordea Bank AB (publ) (together with Citibank, N.A., London Branch and Skandinaviska Enskilda Banken AB as the Original Lenders) on the SEK 11 billion term facility agreement made available to Tele2 AB (publ) to finance a merger with Com Hem Holding AB (publ).

Slaughter and May worked as a team with Nordea’s in-house counsel in Sweden.

Contacts

Stephen Powell (partner), George Silber (associate), David Hay (associate), Polly Streather (trainee)

KWM advises Comsys on A380 acquisition and refinancing

12 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.

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

12 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.

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

12 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.

Dentons advises Societe Generale and HSBC on €215 million of investment facilities to Generator Hostels

12 Jan 2018

Dentons has advised Societe Generale, London Branch and HSBC Bank plc on €215 million of investment facilities to Generator Hostels, which is owned by the private equity real estate fund manager Queensgate Investments. Generator Hostels are designed to combine affordable luxury rooms with unique social events for travellers and locals of the cities in which they currently operate across Europe and the US.

White & Case Advises Banks on NewCo GB and Burger King France High Yield Offerings

12 Jan 2018

Global law firm White & Case LLP has advised the initial purchasers, including Credit Suisse and Goldman Sachs International as global coordinators and joint bookrunners, and BNP Paribas as joint bookrunner, on the high yield offering of €200 million principal amount 8.00%/8.75% Senior PIK Toggle Notes due 2022 by NewCo GB, a parent entity of Burger King France.