Pestalozzi advised SunTrust Banks, Inc. and KeyBanc Capital Markets, Inc. on all Swiss banking, takeover, capital markets and other Swiss law aspects in connection with the debt financing for the CHF280 million public tender offer made by BioTelemetry, Inc. for all publicly-held shares of LifeWatch AG, a SIX Swiss Exchange listed company. The public tender offer was funded by a combination of cash, BioTelemetry common stock and a USD205 million Term A Loan.

Davis Polk advised Sumitomo Mitsui Financial Group, Inc. on its SEC-registered takedown offering of senior TLAC notes, which consisted of $2 billion aggregate principal amount of 2.784% senior notes due 2022, $1.75 billion aggregate principal amount of 3.364% senior notes due 2027 and $500 million aggregate principal amount of floating-rate senior notes due 2022.

SMFG is the holding company for one of the three largest banking groups in Japan. Its wholly owned subsidiary, Sumitomo Mitsui Banking Corporation, is one of the world’s largest commercial banks by assets.

Simpson Thacher, acting as sole international counsel, represented The Hongkong and Shanghai Banking Corporation Limited, as arranger and dealer, and Citigroup Global Markets Limited, Crédit Agricole Corporate and Investment Bank, J.P. Morgan Securities plc, Nomura International plc, Standard Chartered Bank and UBS AG Hong Kong Branch, as dealers, in connection with the update of the US$2.5 billion global medium term note program of Korea Land & Housing Corporation. The update was conducted in reliance upon Regulation S under the Securities Act of 1933, as amended.

IKB Deutsche Industriebank AG (“IKB AG”) reached an agreement with investment funds managed by HPS Investment Partners, LLC (“HPS”) on the sale of IKB Leasing Group to HPS. The transaction is expected to be consummated in the second half of 2017.

Shearman & Sterling advised Credit Suisse, China CITIC Bank International, BOC International and Deutsche Bank as dealer managers in connection with Kaisa Group Holdings Ltd.’s exchange offer of approximately US$2.7 billion aggregate principal amount of newly issued 7.25% senior notes due 2020, 7.875% senior notes due 2021, 8.50% senior notes due 2022 and 9.375% senior notes due 2024 (Notes), in exchange for any and all of its outstanding Series A variable rate senior notes due 2019,  Series B variable rate senior notes due 2020, Series C variable rate senior notes due 2020,

Shearman & Sterling advised Credit Suisse, China CITIC Bank International, BOC International and Deutsche Bank as dealer managers in connection with Kaisa Group Holdings Ltd.’s exchange offer of approximately US$2.7 billion aggregate principal amount of newly issued 7.25% senior notes due 2020, 7.875% senior notes due 2021, 8.50% senior notes due 2022 and 9.375% senior notes due 2024 (Notes), in exchange for any and all of its outstanding Series A variable rate senior notes due 2019,  Series B variable rate senior notes due 2020, Series C variable rate senior notes due 2020,

Shearman & Sterling represented BNP Paribas, HSBC Bank plc, Crédit Agricole Corporate and Investment Bank, Société Générale, UniCredit Bank AG, Crédit Industriel et Commercial S.A. and ODDO BHF SCA, as initial purchasers on CMA CGM’s €650 million 6.500% senior notes due 2022.

The net proceeds of the offering, which closed on July 13, 2017, will be used to redeem all of CMA CGM’s outstanding €300 million 8.750% senior notes due 2018 and other outstanding indebtedness.

Shearman & Sterling represented Ardagh Packaging Finance plc and Ardagh Holdings USA Inc., as co-issuers, both subsidiaries of Ardagh Group S.A. (Ardagh), on their offering of £400 million 4.750% Senior Notes due 2027 (the “Notes”).  The Notes are guaranteed by Ardagh Group S.A. as parent guarantor and will be guaranteed by certain of its wholly owned subsidiaries.

Setterwalls has advised Green Landscaping Holding AB in connection with the acquisitions of Tranemo Trädgårdstjänst AB and Björnentreprenad Aktiebolag.

The team was led by Mattias Detterfelt and Linn Jonsson primarily assisted by Fanny Cukierman and Linnéa Gävbo.

International law firm Watson Farley & Williams (“WFW“) has advised a syndicate of banks on the restructuring of a €53m bank loan originally granted for the construction and operation of a 22 MW wind plant located in the Sicilian municipalities of Caltanissetta and Marianopoli.

The plant began operations in 2011 and is owned by an SPV controlled by French private equity fund Ardian. The original loan was lent to the SPV in 2010.