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Finance & Banking

Linklaters advises as the Bank of Cyprus announces plans for London stock market listing

16 Nov 2016

Linklaters is advising as the Bank of Cyprus has today announced plans to apply for a standard listing on the London Stock Exchange, The Group intends to maintain a listing on the Cyprus Stock Exchange and will no longer be listed on the Athens Exchange.

The banks wants to use the float to increase its exposure to international investors and to raise its market capitalisation to its book value of £2.5bn.

Linklaters is advising HSBC on the deal with a team led by Capital Markets partner Jason Manketo and Corporate partner John Lane.

White & Case Advises Bank Group on Cap Gemini's €500 Million Notes Issue

15 Nov 2016

Global law firm White & Case LLP has advised HSBC, Barclays, BNP Paribas, Crédit Agricole CIB and Morgan Stanley as Joint Lead Managers on Cap Gemini S.A.'s issuance of €500 million 0.5 percent senior notes due November 2021.

The bonds, issued on November 9, 2016, are listed on the regulated market of Euronext Paris.

The issue follows Cap Gemini's €2.75 billion triple-tranche issue in July 2015 of fixed and floating rate notes on which White & Case also advised the Managers.

Simpson Thacher Represents JPMorgan in $550 Million of Financing to NICE Systems, Including Financing in Connection with NICE Ltd.’s Acquisition of inContact, Inc.

15 Nov 2016

The Firm represented JPMorgan Chase Bank, N.A. in connection with $475 million of term loan financing and $75 million of revolving credit financing to NICE Systems Inc. in connection with NICE Ltd.’s announced acquisition of inContact, Inc.

NICE Ltd. is the worldwide leading provider of both cloud and on-premise enterprise software solutions. inContact, Inc. is a cloud contact center software leader.

Simpson Thacher Represents JPMorgan in $550 Million of Financing to NICE Systems, Including Financing in Connection with NICE Ltd.’s Acquisition of inContact, Inc.

15 Nov 2016

The Firm represented JPMorgan Chase Bank, N.A. in connection with $475 million of term loan financing and $75 million of revolving credit financing to NICE Systems Inc. in connection with NICE Ltd.’s announced acquisition of inContact, Inc.

NICE Ltd. is the worldwide leading provider of both cloud and on-premise enterprise software solutions. inContact, Inc. is a cloud contact center software leader.

Sidley Advises Bank of Cyprus on Its Application for London Stock Exchange Listing

15 Nov 2016

Sidley represented Bank of Cyprus Public Company Limited (the Bank, and together with its subsidiaries, the Group) on its application for a listing on the London Stock Exchange, which marks another significant step in the Bank’s transformation. The London listing is in line with the Bank’s long-term strategic commitment to list on a major European stock exchange. The Group intends to maintain a listing on the Cyprus Stock Exchange. A new holding company will be inserted by means of a Cypriot scheme of arrangement.

Sidley Advises Bank of Cyprus on Its Application for London Stock Exchange Listing

15 Nov 2016

Sidley represented Bank of Cyprus Public Company Limited (the Bank, and together with its subsidiaries, the Group) on its application for a listing on the London Stock Exchange, which marks another significant step in the Bank’s transformation. The London listing is in line with the Bank’s long-term strategic commitment to list on a major European stock exchange. The Group intends to maintain a listing on the Cyprus Stock Exchange. A new holding company will be inserted by means of a Cypriot scheme of arrangement.

Hannes Snellman Counsel to Intrum Justitia in Connection with the Combination with Lindorff

15 Nov 2016

Today Intrum Justitia and Lindorff announced their intention to combine to create the industry leading provider of credit management services. Intrum Justitia will acquire all outstanding shares in Lindorff in exchange for newly issued shares in Intrum Justitia. Based on Intrum Justitia’s closing price at Nasdaq Stockholm as of 11 November 2016, Lindorff’s enterprise value in the transaction is more than SEK 40 billion.

White & Case Advises on Financing for CBG Bauxite Mine Expansion in Guinea

15 Nov 2016

White & Case LLP has advised BNP Paribas, Crédit Agricole, IFC, ING, Natixis, OPIC, Société Générale and two Guinean banks on the multi-hundred million financing of Compagnie des Bauxites de Guinée's Sangaredi bauxite mine expansion in the Republic of Guinea. The financing will be part of the largest foreign investment in Guinea in recent years, with the debt tranches committed for the mine expansion, including a facility covered by UFK, the German untied export credit agency.

Shearman & Sterling Advises Merrill Lynch International, Barclays Bank, Jefferies International and Morgan Stanley on $300 Million and €500 Million High Yield Bond Offering

15 Nov 2016

Shearman & Sterling represented Merrill Lynch International, Barclays Bank PLC, Jefferies International Limited and Morgan Stanley & Co. International plc as initial purchasers in a high yield bond offering of US$300 million senior secured notes due 2021 and €500 million senior secured notes due 2021 issued by Codere Finance 2 (Luxembourg) S.A. The offering, which was conducted pursuant to Rule 144A and Regulation S under the US Securities Act, closed on November 8, 2016.

Shearman & Sterling Advises Merrill Lynch International, Barclays Bank, Jefferies International and Morgan Stanley on $300 Million and €500 Million High Yield Bond Offering

15 Nov 2016

Shearman & Sterling represented Merrill Lynch International, Barclays Bank PLC, Jefferies International Limited and Morgan Stanley & Co. International plc as initial purchasers in a high yield bond offering of US$300 million senior secured notes due 2021 and €500 million senior secured notes due 2021 issued by Codere Finance 2 (Luxembourg) S.A. The offering, which was conducted pursuant to Rule 144A and Regulation S under the US Securities Act, closed on November 8, 2016.