Shearman & Sterling represented ARD Finance S.A., an indirect parent company of Ardagh Packaging Holdings Limited (Ardagh), in its offering of $770 million 7.125% / 7.875% senior secured toggle notes due 2023 and €845 million 6.625% / 7.375% senior secured toggle notes due 2023. The net proceeds from the issuance will be used to fund the redemption of the existing PIK notes due 2019 issued by Ardagh Finance Holdings S.A. and to finance a return of capital to shareholders.

Jones Day is advising an international investment bank with respect to a multijurisdictional lawsuit arising out of a loan agreement in Asia Pacific.

For additional information about this matter, please contact: Maria Tan Pedersen
Client(s): International investment bank
Practice(s): Global Disputes, Projects & Infrastructure
Office(s): Hong Kong, Taipei

De Brauw advises SNS Bank N.V. on the process of ASN Bank N.V. and RegioBank N.V. losing their independent bank status and merging into SNS Bank N.V..

From 1 January 2017 SNS Bank N.V. will change its name to ‘de Volksbank N.V.’

De Brauw advises SNS Bank N.V. on various topics related to these developments. The De Brauw team is led by Francine Schlingmann and Dorothé Bongaerts-Stubbé.

Travers Smith LLP has acted for Investec Bank plc in its capacity as sole broker and nominated adviser on the £38 million placing of new ordinary shares issued by easyHotel plc.

The new shares represent approximately 60.8 per cent. of the ordinary shares currently in issue,  issued at a premium of approximately 18.3 per cent. to the closing mid-market price on 27 September 2016.

The proceeds of the placing are to be primarily utilised to fund the company's owned hotel roll-out strategy.

Global law firm Norton Rose Fulbright has advised a pool of seven banks ABN Amro Bank, Crédit Agricole, Crédit Industriel et Commercial, HSH Nordbank AG, ING Bank, KfW IPEX Bank GmbH and La Banque Postale Crédit Entreprises on a major €750 million rail financing for Akiem Holding, SNCF’s locomotive rental subsidiary, for the refinancing of existing locomotives and financing of new locomotives.

On 28 September 2016, Postal Savings Bank of China Co., Ltd. (PSBC) had its H shares successfully listed on the Hong Kong Stock Exchange, with King & Wood Mallesons (KWM) advising its underwriters. PSBC’s initial public offering comprised a total of 12.1 billion H shares issued globally, pricing at HK$4.76 per H share, which raised approximately US$7.4 billion (subject to the over-allotment option).

A team led by Dr. Stefan Proske, Partner at the Berlin office, represented Deutsche Hypothekenbank (Actien-Gesellschaft) in insolvency proceedings regarding the assets of HCB Project Development GmbH and advised it on the sale of Hansa Center, a shopping center in Bottrop. Hansa Center was acquired by publity group, a Leipzig-based financial investor in commercial real estate.
 

Global law firm White & Case LLP has advised J.P. Morgan Securities plc on the acquisition by global private equity firm Lone Star of Dutch nationalised and state-owned real estate bank Propertize from the State of the Netherlands.

Swiss Life Ltd has successfully placed a EUR 600 million undated subordinated bond, first callable in May 2027. The coupon until the first call date has been fixed at 4.5%.

Walder Wyss acts as legal counsel to Swiss Life Ltd. on this transaction. The Walder Wyss team includes Markus Pfenninger (Banking Finance, Lead Partner), Maurus Winzap (Tax, Partner), Ramona Wyss (Banking Finance, Associate) und Sebastian Müller (Banking Finance, Trainee).

Eversheds advised East Africa Development Bank (EADB) on the arrangements with the British Council for EADB’s Medical Training and Fellowship Programme to provide specialist training on cancer and neurological conditions to 600 East African physicians.