Simpson Thacher’s Tokyo office recently represented the underwriters, led by J.P. Morgan, Goldman Sachs & Co. LLC and Morgan Stanley, in connection with the offering by ORIX Corporation of $750 million of 2.9% Senior Notes due 2022 and $500 million of $3.7% Senior Notes due 2027. The offering was made pursuant to ORIX Corporation’s newly filed shelf registration statement on Form F-3 under the Securities Act.

The Firm recently represented the international joint lead managers in connection with a follow-on offering of Nippon Prologis REIT, Inc., which included an international offering to institutional investors pursuant to Rule 144A and Regulation S. The offering raised approximately ¥33.1 billion (US$300 million) for the issuer, which was used with bank financing and cash on hand towards the repayment of bridge loans entered into to acquire logistics facilities. Morgan Stanley, SMBC Nikko, Goldman Sachs International, J.P.

Shearman & Sterling advised J.P. Morgan, Jefferies and NatWest Markets in connection with Amigo Luxembourg S.A.’s tap offering of £75 million 7.625% senior secured notes due 2024. The notes are guaranteed by Amigo Loans Group Ltd, Amigo Loans Holdings Ltd, Amigo Loans Ltd (Amigo Loans), Amigo Management Services Ltd and R G Catering Limited.

Houthoff Buruma advised MN acting on behalf of Stichting Pensioenfonds Metaal en Techniek and Stichting Bedrijfspensioenfonds voor de Koopvaardij, in the sale of the office portfolio Mercury to Bryant Park Netherlands Acquisition III. The Mercury portfolio exists of six properties, located in and around Amsterdam, Rotterdam and Utrecht, with a total of 21,567 m2 office space and 1,890 m2 retail space.
Houthoff Buruma team included: Aart Barkey Wolf , Mattijs Heijerman

Watson Farley & Williams (“WFW”) has advised private bank Berenberg on its acquisition, jointly with a Japanese financial institution, of a circa US$460m performing shipping loan portfolio from the Royal Bank of Scotland (“RBS”). WFW previously advised Berenberg on the acquisition of a similar US$300m portfolio from RBS in February 2017.

Houthoff Buruma advised MN, acting on behalf of Stichting Pensioenfonds Metaal en Techniek, in the acquisition of the multi-tenant property Riva in Den Bosch, with approximately 10,500 m2 office space.

Houthoff Buruma team included: Aart Barkey Wolf , Mattijs Heijerman , Leonoor Brus

Allen & Overy has advised Export-Import Bank of India (Exim) in connection with the Regulation S offering of floating rate Formosa notes due 2022 under its USD10bn global medium term note programme. The dollar-denominated five-year bond raised USD400m for the Indian issuer. The notes were dual listed on the Singapore Exchange and the Taipei Exchange. This transaction marked the maiden Formosa bond issuance by Exim. Formosa bonds are notes that are sold in Taiwan but denominated in foreign currency.

We advised My Lender Oy, a Finnish consumer finance company owned by JZ International and management, in relation to its EUR 50,000,000 facility agreement arranged by Goldman Sachs International.

Simpson Thacher represented KSL Capital Partners, LLC in the sale of ESPA, a leader in spas and skincare excellence, to The Hut Group. The value of the transaction was not disclosed.

The Simpson Thacher team included Derek Baird, Étienne Renaudeau and Hamesh Khatar (M&A).

Ashurst advised investor BlackRock and NIBC Bank on financing the acquisition of Pumpenfabrik Wangen GmbH (Wangen Pumpen) by private equity firm Silverfleet Capital. 

The Ashurst team was led by partner Dr Bernd Egbers and senior associate Isabell Pöller. They were assisted by paralegal Franziska Nebollieff (all finance, Munich). Partner Jan Krekeler and associate Anna-Maria Krekeler (both corporate), partner Dr Martin Bünning (tax) and partner Dr Detmar Loff (financial regulation, all Frankfurt) also advised.