Hogan Lovells, the global law firm, has advised the European Investment Bank on a guarantee agreement with Dutch bank NIBC Bank in support of loans of up to EUR 500 million to innovative mid-sized enterprises. The operation is supported by 'InnovFin - EU Finance for Innovators' MidCap Guarantee with the financial backing of the European Union under Horizon 2020 Financial Instruments.
Advising Société Générale in connection with the senior debt financing for the OBO of HR-PATH, the HR solutions specialist, receiving €25M from Activa Capital and €5M from Ardian and Société Générale Capital Partenaires in new money.
On April 5, 2017, EFG International (Guernsey) Limited issued USD 400 m Tier 2 resettable subordinated Notes due 2027 guaranteed by EFG International AG.
Citigroup Global Markets Limited acted as lead manager together with Credit Suisse Securities (Europe) and DBS Bank Ltd. The notes will be listed on the SIX Swiss Exchange.
Shearman & Sterling advised MV Credit as second lien lender on European private equity group Astorg's £203 million acquisition financing for Audiotonix Limited, a console and mixing desk maker, from Electra Private Equity.
Audiotonix designs and manufactures audio mixing consoles used to manage live sound for a variety of purposes such as concerts, TV broadcasting, theatre shows and major international live events. It has worked on events such as the Superbowl, US football game.
Falcon Private Bank AG ("Falcon"), a Swiss private banking boutique with 50 years of expertise in wealth management for private clients and wealthy families, has entered into a strategic partnership with Move Digital ("Move"), a best-in-class provider of digital asset management and investment advisory systems.
Rejlers has carried out a rights issue with preferential rights for the shareholders, for which the subscription period ended on March 31, 2017. Through the rights issue, which was oversubscribed by 35 per cent, Rejlers will receive proceeds amounting to approximately SEK 200 million before issue costs.
Travers Smith LLP has acted for Numis Securities Limited in its capacity as placing agent and sole bookrunner on the US$69 million placing and offer for subscription of C shares by Fair Oaks Income Limited ("FOIL"), an investor in US and European CLOs, and other vehicles which provide exposure to high-yielding floating rate senior secured loans.
The C shares were admitted to trading on the Specialist Fund Segment of the Main Market of the London Stock Exchange on 5 April 2017.
Slaughter and May is advising UK Asset Resolution Limited (UKAR) and Bradford & Bingley plc (B&B), working closely with the UKAR legal team, HM Treasury and Treasury Legal Advisers in relation to the disposal, by way of auction, of legacy buy-to-let mortgage assets originated by B&B and its subsidiary, Mortgage Express, to Prudential plc and to funds managed by Blackstone for a total consideration of £11.8bn.
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The firm has advised HSBC on a debt restructuring and refinancing agreement
Burges Salmon has advised HSBC on an £18.4 million debt restructuring and refinancing agreement with leading UK hostel provider Safestay, consolidating its existing loans into a single five-year banking facility.
This will significantly reduce Safestay’s cost of debt and repay all outstanding convertible loans when they become due.
Norton Rose Fulbright has advised financiers Clean Energy Finance Corporation and Nord LB on the financing of the Bodangora wind farm near Wellington in regional NSW.
The project has been developed by Infigen and is to be built by a joint venture of GE and CATCON. It is also supported by an offtake agreement with Energy Australia for 60 per cent of the output of the project to 2030.