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Finance & Banking

Shearman & Sterling Represents Underwriters in First Quantum Minerals’ $2.2 Billion High Yield Notes Offering and Dealer Managers on $1.5 Billion Tender Offers

22 Mar 2017

Shearman & Sterling represented Barclays, BNP PARIBAS, J.P. Morgan, Citigroup, Crédit Agricole CIB, Credit Suisse, ING, RBC Capital Markets, Société Générale, Standard Chartered Bank, Natixis, Nedbank Limited and Rand Merchant Bank, as initial purchasers, in connection with the issuance and sale by First Quantum Minerals Ltd. of $1.1 billion aggregate principal amount of 7.25% senior notes due 2023 and $1.1 billion aggregate principal amount of 7.50% senior notes due 2025.

Shearman & Sterling Represents Underwriters in First Quantum Minerals’ $2.2 Billion High Yield Notes Offering and Dealer Managers on $1.5 Billion Tender Offers

22 Mar 2017

Shearman & Sterling represented Barclays, BNP PARIBAS, J.P. Morgan, Citigroup, Crédit Agricole CIB, Credit Suisse, ING, RBC Capital Markets, Société Générale, Standard Chartered Bank, Natixis, Nedbank Limited and Rand Merchant Bank, as initial purchasers, in connection with the issuance and sale by First Quantum Minerals Ltd. of $1.1 billion aggregate principal amount of 7.25% senior notes due 2023 and $1.1 billion aggregate principal amount of 7.50% senior notes due 2025.

Norton Rose Fulbright advises international investor consortium on investment in Kenya warehousing project for Africa Logistics Properties

22 Mar 2017

Norton Rose Fulbright has advised an investor consortium on its $48 million collective investment in a new warehousing project for Africa Logistics Properties.

The investor consortium is made up of CDC Group, International Finance Corporation (IFC) and Mbuyu Capital Partners.

The $48 million in capital will be used to support the Africa Logistics Properties’ warehousing developments in Kenya. CDC Group is committing up to $25 million to the deal, IFC is investing up to $10 million and Mbuyu Capital Partners is investing up to $5 million.

Shearman & Sterling Advises Barclays on Stonegate Pub Company Financing's £595 Million Bond Offering

22 Mar 2017

Shearman & Sterling advised Barclays Bank PLC, as sole bookrunner, on Stonegate Pub Company Financing plc’s (the “Company”) high yield notes offering of £405 million, 4.875% senior secured notes due 2022 and £190 million floating-rate senior notes due 2022. The notes are guaranteed on a senior secured basis by Stonegate Pub Company Limited (the “Parent”) and all of its material subsidiaries. The offering, which was conducted pursuant to Rule 144A and Regulation S under the US Securities Act, closed on March 16, 2017.

WFW advises BPM on financing for Rimorchiatori Riuniti

21 Mar 2017

Watson Farley & Williams (“WFW“) advised Banco Popolare di Milano S.p.A. (“BPM”) regarding a loan to Rimorchiatori Riuniti Porto di Genova S.r.l., which is fully owned by Rimorchiatori Riuniti S.p.A., to finance its acquisition of the tugboat “Germania”.

In 2017, BPM merged with Banco Popolare to create Banco BPM S.p.A, Italy’s third largest retail and corporate banking conglomerate.

Slaughter and May advised Paratus AMC Limited as originator in relation to the establishment of the Stanlington No.1. PLC securitisation

21 Mar 2017

Slaughter and May advised Paratus AMC Limited as originator in relation to the establishment of the Stanlington No.1. PLC securitisation. The transaction involved the issuance by Stanlington of £227,600,000 Asset Backed Notes in Classes A to E, X and Z (the Notes) and Residual Certificates, which are backed by receipts from a portfolio of UK residential mortgage loans.

Clifford Chance advises on first Thai Baht bond issuance by the Government Savings Bank under SEC regime

21 Mar 2017

Clifford Chance has represented KASIKORNBANK, Krung Thai Bank and CIMB Thai, acting as the lead arrangers in respect of a Thai Baht denominated bond issue in Thailand by The Government Savings Bank.

This is the first time The Government Savings Bank has opted for a Thai Baht bond issuance under the SEC regime as its fund raising platform, in addition to the issuance of the bonds under its own constitutional law.

Simpson Thacher Represents Initial Purchasers in CHF 687 Million (Equivalent) Notes Offerings by Salt

21 Mar 2017

Simpson Thacher represents the initial purchasers, led by Goldman Sachs, in connection with a Rule 144A and Regulation S offering by Salt of (i) €525 million aggregate principal amount of Floating Rate Senior Secured Notes due 2023, and (ii) €117 million aggregate principal amount of 4.875% Senior Notes due 2023, issued by two finance affiliates of Salt. Salt is one of the leading mobile operators in Switzerland.

Baker McKenzie and Franklin advise on the refinancing of the Metro Cash & Carry France portfolio of buildings

21 Mar 2017

Baker McKenzie law firm has advised Société Générale Corporate & Investment Banking within the framework of the implementation of mortgage financing facilities for OPCI French Wholesale Stores, represented by the management company, Amundi Immobilier and advised by Franklin.