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Finance & Banking

Project Finance experts advise lenders on Queensland’s largest solar project to reach financial close

03 May 2017

Herbert Smith Freehills has advised Australia and New Zealand Banking Group (ANZ), The Bank of Tokyo-Mitsubishi UFJ (BTMU) and Westpac Banking Corporation (Westpac) on the project financing for the construction, commissioning and operation of the A$225 million Ross River Solar Farm -  the largest solar project to reach Financial Close in Queensland to date.

White & Case Advises Bank Syndicate on €1.35 Billion Refinancing of Senvion

02 May 2017

Global law firm White & Case LLP has advised a bank syndicate led by Deutsche Bank AG and J. P. Morgan on a complex €1.35 billion refinancing of the Senvion group.

The refinancing includes a €400 million green high yield bond, a secured multicurrency revolving credit facility valued at €125 million and a €825 million secured multicurrency letter of guarantee facility. The high yield bond will be due in 2022 and has a 3.875 percent coupon rate. The bond is listed on the Irish Stock Exchange.

White & Case Advises Bank Syndicate on €1.35 Billion Refinancing of Senvion

02 May 2017

Global law firm White & Case LLP has advised a bank syndicate led by Deutsche Bank AG and J. P. Morgan on a complex €1.35 billion refinancing of the Senvion group.

The refinancing includes a €400 million green high yield bond, a secured multicurrency revolving credit facility valued at €125 million and a €825 million secured multicurrency letter of guarantee facility. The high yield bond will be due in 2022 and has a 3.875 percent coupon rate. The bond is listed on the Irish Stock Exchange.

White & Case Advises Bank Syndicate on €1.35 Billion Refinancing of Senvion

02 May 2017

Global law firm White & Case LLP has advised a bank syndicate led by Deutsche Bank AG and J. P. Morgan on a complex €1.35 billion refinancing of the Senvion group.

The refinancing includes a €400 million green high yield bond, a secured multicurrency revolving credit facility valued at €125 million and a €825 million secured multicurrency letter of guarantee facility. The high yield bond will be due in 2022 and has a 3.875 percent coupon rate. The bond is listed on the Irish Stock Exchange.

Shearman & Sterling Advises on Banco Santander S.A.’s $2.5 Billion Registered Debt Offering

02 May 2017

Shearman & Sterling advised BofA Merrill Lynch, Credit Suisse, Santander and Wells Fargo Securities as joint bookrunners, in connection with an aggregate principal  amount of $2.5 billion registered debt offering by Banco Santander S.A.  through three tranches of notes: $1 billion 3.500% second ranking senior debt securities due 2022, $1 billion 4.250% second ranking senior debt securities due 2027 and $500 million second ranking senior floating rate debt securities due 2022.

Milbank Advises Initial Purchaser on €1 Billion Issuance of Senior Notes by Grifols, S.A.

02 May 2017

LONDON, 27 April 2017 – Milbank, Tweed, Hadley & McCloy LLP has advised Morgan Stanley & Co. International plc, as Initial Purchaser, on €1,000,000,000 3.200% Senior Notes due 2025 issued by Spanish multinational pharmaceutical and chemical company, Grifols, S.A.

The new issuance is part of a broader transaction where Morgan Stanley & Co. International plc, as dealer manager and purchaser, purchased any and all of the outstanding 5.25% Senior Notes due 2022 issued by Grifols Worldwide Operations Limited, a subsidiary of Grifols, S.A.

Milbank Advises S.P.C.M. SA on Its Issuance of US$500 Million 4.875% Senior Notes Due 2025

02 May 2017

LONDON, 27 April 2017 – Milbank, Tweed, Hadley & McCloy LLP has advised S.P.C.M. SA (as "Issuer"), the holding company for SNF Group, in connection with its issuance of US$500 million 4.875% Senior Notes due 2025.

Proceeds from the new issuance were used to redeem the Issuer's existing US$250 million Senior Notes due 2022, to repay its senior revolving credit facility in full and for general corporate purposes.

Barminco Makes US$350 million Bond Offer

02 May 2017

Baker McKenzie has advised Barminco Finance Pty Ltd on the sale of US$350 million aggregate principal amount of 6.625% Senior Secured Notes due 2022 together with a senior secured A$100 million revolving credit facility and associated hedging agreements.

The Notes were sold to institutional investors in the United States and Asia and, following the closing on 26 April 2017, will be listed on the Singapore Exchange.