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Finance & Banking

Davis Polk Advises Sumitomo Mitsui Banking Corporation on Its $1.25 Billion Notes Offering

25 Jan 2017

Davis Polk advised Sumitomo Mitsui Banking Corporation in connection with a global medium-term note program update and a benchmark takedown, which consisted of $750 million aggregate principal amount of 1.966% senior notes due 2019 and $500 million aggregate principal amount of senior floating-rate notes due 2019, each guaranteed by SMBC’s New York branch.

SMBC is one of world’s largest commercial banks by assets.

Davis Polk Advises Sumitomo Mitsui Financial Group, Inc. on Its $2.25 Billion SEC-Registered Notes Offering

25 Jan 2017

Davis Polk advised Sumitomo Mitsui Financial Group, Inc. on its SEC-registered takedown offering of senior TLAC notes, which consisted of $750 million aggregate principal amount of 2.846% senior notes due 2022, $1.25 billion aggregate principal amount of 3.446% senior notes due 2027 and $250 million aggregate principal amount of floating-rate senior notes due 2022. The notes are structured to count as total loss-absorbing capacity (TLAC) when TLAC regulations are implemented in Japan.

White & Case Advises Amigo Holdings Limited on £275 Million Senior Secured Notes Offering

24 Jan 2017

Global law firm White & Case LLP has advised Amigo Holdings Limited on the offering by its wholly-owned subsidiary Amigo Luxembourg S.A. of £275 million 7.625 percent Senior Secured Notes due 2024 and the establishment of a new £57 million revolving credit facility.

"This transaction, which supports Amigo during an important phase in its growth cycle, highlights our ability to provide a comprehensive solution across products and services to our corporate clients," said London-based White & Case partner Rob Mathews, who led the Firm's deal team.

Shearman & Sterling Advises on Amigo Luxembourg S.A.’s Inaugural £275 Million High Yield Notes Offering

24 Jan 2017

Shearman & Sterling advised J.P. Morgan, Jefferies and NatWest Markets in connection with Amigo Luxembourg S.A.’s inaugural offering of its £275 million 7.625% senior secured notes due 2024. The notes are guaranteed by Amigo Holdings Limited, Amigo Loans Ltd (“Amigo Loans”), Amigo Management Services Ltd and R G Catering Limited.

Indonesia: Linklaters advises on another major Chinese energy project as part of the “Belt and Road” initiative

24 Jan 2017

Linklaters has advised China Development Bank Corporation on the project development and financing of the 2x1,050 megawatt Jawa 7 coal-fired power plant to be constructed in Banten Province, Indonesia. China Development Bank Corporation acted as lender and mandated lead arranger in connection with the provision of approximately US$1.3 billion in financing for the Jawa 7 project. The deal team included lawyers from Widyawan & Partners, Linklaters’ associated firm in Indonesia.

Simpson Thacher Represents Underwriters in Sovereign Debt Offering for The Republic of Korea

24 Jan 2017

The Firm recently represented Citigroup Global Markets Inc., Goldman Sachs International, The Hongkong and Shanghai Banking Corporation Limited, J.P. Morgan Securities LLC, The Korea Development Bank, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Samsung Securities Co., Ltd., as underwriters, in connection with The Republic of Korea’s takedown offering of US$1 billion 2.75% Notes due 2027 under its Schedule B shelf registration statement.

Ashurst advises CPC Group on disposal of Omni Capital Retail Finance

23 Jan 2017

Ashurst advised Guernsey-based CPC Group, on the disposal of the entire issued share capital of Omni Capital Retail Finance Limited.

Under the terms of the deal Castle Trust will acquire 100% of the Watford-based online retail point-of-sale finance business from current owners CPC. Omni Capital Retail Finance, formerly Logical Finance, was bought by CPC in July 2013.

Ashurst advises banks on financing the acquisition of Margarethenhof Group

23 Jan 2017

Ashurst advised DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main (DZ Bank), Deutsche Apotheker- und Ärztebank (apoBank) and SEB AG (SEB) on the financing of the acquisition of the Margarethenhof Group by nursing home operator DOREA, a portfolio company of Quadriga Capital Private Equity Fund IV L.P.

The parties have agreed to maintain confidentiality regarding the purchase price. The transaction is subject to the approval of the relevant cartel authorities.

Norton Rose Fulbright advises AnaCap on acquisition of Heidelplay

23 Jan 2017

Global law firm Norton Rose Fulbright has advised AnaCap Financial Partners (AnaCap), the specialist European financial services private equity firm, on the acquisition of a majority stake in online payment company Heidelberger Payment GmbH (Heidelpay).

Completion of the deal is subject to approval by the Federal Financial Supervisory Authority (BaFin), the German Central Bank and the Luxembourg Financial Supervisory Authority.