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Finance & Banking

Stonegate Completes £150 Million Senior Secured Notes Offering

05 Feb 2019

Simpson Thacher represented Stonegate Pub Company Financing plc, a wholly owned subsidiary of Stonegate Pub Company Limited (“Stonegate”), a TDR portfolio company, in connection with a Rule 144A and Regulation S offering of £150 million in aggregate principal amount of its new Floating Rate Senior Secured Notes due 2022. The transaction closed on February 4, 2019.

IBM €5 Billion Notes Offering

04 Feb 2019
Davis Polk advised the underwriters in connection with a public offering by International Business Machines Corporation of €1.75 billion principal amount of its 0.375% notes due 2023, €1 billion principal amount of its 0.875% notes due 2025, €1 billion principal amount of its 1.250% notes due 2027 and €1.25 billion principal amount of its 1.750% notes due 2031.
 
The Davis Polk corporate team included partner John B. Meade, European counsel John Taylor and associates Roderick G. Miller and Matthew M. Funk.

Hull-Based Holiday Home Manufacturer Completes MBO

02 Feb 2019
Irwin Mitchell Advises HSBC On Deal
 
Atlas Leisure Homes, a £35m-turnover holiday home manufacturer, has been acquired in a management buyout.
 
The MBO at the Hull-based business which employs more than 250 staff, was supported by an eight-figure funding package from HSBC UK, with Dan Wilson acting as relationship director, Ivor McTighe as global trade receivables finance director and Geoff Durkin as director of corporate banking origination.
 
Paddy Sturman, banking and finance partner at Irwin Mitch

CMS AD­VISES IN RE­LA­TION TO THE SALE OF A 50% STAKE IN GIG’S ÖVER­TURIN­GEN 235MW PPA-BACK ON­SHORE WIND FARM IN SWEDEN

02 Feb 2019
International law firm CMS has advised Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB), KfW IPEX-Bank GmbH (KfW) and Denmark’s Export Credit Agency (EKF) as creditors in relation to the sale of a 50% shareholding in Macquarie’s Green Investment Group’s (GIG’s) 235MW Overturingen wind farm in Northern Sweden to Korean investors managed by Nordic private asset specialist CapMan Infra.
 
The wind farm, located in the Ånge municipality of Västernorrland, is backed by a 29-year offtake agreement wit

White & Case Advises Credito Fondiario on Acquisition of €698 Million NPLS Portfolio

01 Feb 2019
Global law firm White & Case LLP has advised Credito Fondiario S.p.A. and Fire S.p.A. on the acquisition of a €698 million non-performing receivables portfolio from Banca Monte dei Paschi di Siena S.p.A. and MPS Leasing & Factoring S.p.A.
 
The White & Case team in Milan which advised on the transaction comprised partners Gianluca Fanti and Giuseppe Barra Caracciolo, together with associates Angelo Messore and Riccardo Verzeletti.

White & Case Advises Pitagora and Banca IMI on Restructuring of CQS Receivables Securitization

01 Feb 2019
Global law firm White & Case LLP has advised Pitagora S.p.A., as originator, and Banca IMI S.p.A., as arranger, on the restructuring of a receivables securitization.
 
The receivables were originated by Pitagora and consist of the assignment of up to one fifth of the borrowers' salaries, pensions, or payment delegations.

Allen & Overy advises banks on financing for one of the largest vertically integrated aluminium producers in Europe, Alro

01 Feb 2019

Allen & Overy's Bratislava and Bucharest offices have advised a syndicate of banks made up of Raiffeisen Bank International and Raiffeisen Bank Romania as coordinators and Raiffeisen Bank International, Banca Transilvania, UniCredit Bank, Garanti Bank and Intesa SanPaolo Romania as lenders in relation to a credit facility in amount of approximately USD 68 million granted to Alro for covering general corporate needs and working capital of the company as well as future investments.

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