Slaughter and May advised The 1st Stop Group Limited, a specialist consumer finance provider and a portfolio company of funds managed by Pollen Street Capital, on the refinancing of its existing facilities. The new financing takes the form of warehouse facilities provided to 1st Stop Funding No. 2 Limited, including a £75 million senior facility and mezzanine and junior facilities, and borrowing base facilities provided to 1st Stop Funding Limited, including a £35 million senior facility and a second lien facility.

Members of Orrick’s Technology Companies Group in Paris are advising French startup KissKissBankBank on its acquisition by La Banque Postale.

KissKissBankBank is a French crowdfunding platform. Since its launch in 2009, it has financed more than 27,000 creative, associative and entrepreneurial projects.

The US offices advised a consortium of lenders on an approximately US$2.3bn financing for the 1,394 MW Southland repowering project in Southern California sponsored by the AES Corporation. The financing consists of approximately US$1.48bn in senior secured notes due in 2040, a US$492m senior secured term loan due in 2027 and a US$300m senior secured letter of credit facility.

Shearman & Sterling advised Eurobank Ergasias S.A. and the joint bookrunners in connection with the sale by Eurobank of 20,252,001 ordinary shares in GRIVALIA PROPERTIES Real Estate Investments Company S.A. The sale was conducted as an institutional private placement by way of an accelerated bookbuild, at a price of €8.80 per share. HSBC Bank plc, AXIA Ventures Group Ltd and Eurobank Equities Investment Firm S.A. acted as joint global coordinators and joint bookrunners.

Shearman & Sterling advised Citigroup, Berenberg, Erste Group and Renaissance Capital, as joint bookrunners, in connection with the initial public offering and listing on the Budapest Stock Exchange of Waberer's International Nyilvanosan Mukodo Reszvenytarsasag. The IPO consisted of a primary offering of shares by Waberer's and a secondary sale of a minority stake held by Mid Europa Partners, which will continue to remain a significant shareholder.

Ashurst is advising Credit Suisse International and Fenchurch Advisory Partners LLP in relation to the £467.6 million recommended cash offer for Novae Group plc by AXIS Capital Holdings Limited, announced today. 

Led by Frankfurt-based Partner Michael Schlitt Hogan Lovells has, for the fifth consecutive year since 2013, advised Citigroup on the payment of a share dividend and a rights issue in connection thereto by Deutsche Telekom AG.

Slaughter and May, London and Hong Kong, advised Standard Chartered on the update of its US$77.5 billion debt issuance programme, under which Standard Chartered PLC and Standard Chartered Bank have the ability to issue notes to be listed and traded on the London and Hong Kong Stock Exchanges.

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Vienna, 5 July 2017 – Today, RBI closed an issuance of €650,000,000 6.125% AT1. Wolf Theiss and Linklaters advised RBI in this issuance, which was met with great interest by investors from Great Britain, continental Europe and Asia.

RBI was able to place additional core capital (AT1) with no maturity date at a volume of EUR 650 million with the support of an international bank consortium. Within a few hours, the issuance was oversubscribed three times. The coupon was set at 6.125% p.a. and will mature in December 2022, after which it will be renewed.

Slaughter and May advised NewDay Cards Ltd (NewDay Cards) and its affiliates in relation to a public debt issue under its own-brand credit card securitisation.

The transaction involved the issuance, through a master trust structure, of £244.25 million of Series 2017-1 Floating Rate Asset Backed Notes (the Series 2017-1 Notes) by NewDay Funding 2017-1 Plc.

The Series 2017-1 Notes are ultimately backed by income from a portfolio of credit card receivables beneficially owned by NewDay Funding Receivables Trustee Ltd (the Receivables Trustee).