Shearman & Sterling advised Citigroup, as sole bookrunning manager, on FAGE's $420 million high yield notes offering. The offering, which was conducted pursuant to Rule 144A and Regulation S under the US Securities Act, closed on August 3, 2016.

FAGE is a leading international dairy company with a focus on yogurt. FAGE has a significant and growing presence in the US yogurt market, growing international sales outside of the United States, and leading market positions in the Italian, UK and Greek yogurt markets.

Loyens & Loeff assisted Goldman Sachs and Valad Netherlands on the disposal of “Huys Europa” located on the Piet Heinkade in Amsterdam with a total LFA of approx. 5.506 m², 4 leases and parking spaces to BGV VI Holland 2 GmbH & Co. KG (Real I.S.)

Noerr has advised a banking consortium on the recapitalization of the prefabricated houses group of the ADCURAM industry group. Overall, IKB Deutsche Industriebank AG and Joh. Berenberg, Gossler & Co. KG are providing the group with EUR 62 million.

The ADCURAM prefabricated house group consists of Bien-Zenker GmbH and Hanse Haus GmbH & Co. KG, which will be further developed independently of each other. In the current year the group will achieve revenue of approximately € 260 million and hand over more than 1,200 houses to new owners.

Sidley has advised the underwriters, led by Morgan Stanley & Co. LLC, in connection with Morgan Stanley’s SEC-registered global offering of $3 billion aggregate principal amount of 3.125% fixed rate senior notes due 2026. The transaction settled on July 25, 2016.

The multi-office Sidley team included partners Michael Kohler and Aryeh Zarchan, securities associates Alex Csordas and Carol Liu, securities partner David Howe and tax partner Nicholas Brown.

Ashurst advised pbb Deutsche Pfandbriefbank (pbb) on financing the acquisition of a commercial real estate portfolio by investment and asset management firm, Catalyst. The purchase price amounts to around €200 million, the financing to €120 million.

The portfolio comprises ten commercial properties located, amongst others, in Cologne, Dortmund, Düsseldorf, Frankfurt, Stuttgart and Munich with a size of more than 93,000 square metres in total. The sellers are TRIUVA Kapitalverwaltungsgesellschaft mbH and a large German public sector pension scheme.

Linklaters was pleased to act for underwriters HSBC, JP Morgan, Merrill Lynch and the Bank of China, on Link REIT’s US$500m Green Bond due 2026. This was the first Hong Kong corporate Green Bond and the first Green Bond issued by a property REIT in Asia.

“Linklaters is proud to have been able to assist in the development and execution of this landmark transaction,” said Jonathan Horan, Capital Markets partner, Linklaters

For some time now the delays in paying by the Italian Public Administration have been one of the most critical issues of our economic system.

In some areas, these failings have led to payment delays of several years, and the average payment times in Italy have turned out to be among the longest at a European level (three times the EU average), resulting in a domino effect of liquidity problems for the undertakings supplying the Public Administration.

Global law firm White & Case LLP has advised the bank syndicate on the US$8 billion bank financing for Teva Pharmaceutical Industries approximately US$39 billion acquisition of Allergan Generics, a merger of two of the world’s largest generic pharmaceutical manufacturers creating a new 'top ten' pharmaceutical company.

Stibbe advises Barclays on the additional notes offering of NXP Semiconductors for an amount of USD 500 million.

The notes are of the same class as the existing USD 850 million senior notes issued in May 2016, on which transaction Stibbe advised as well.

NXP Semiconductors is a global semiconductor manufacturer headquartered in Eindhoven, The Netherlands, and is listed on NASDAQ.

The Audley Redwood retirement village close to Bristol is due to open in 2017, offering luxury facilities to its residents.

Burges Salmon's banking team has advised Bank Leumi (UK) plc on a development facility for the Audley Redwood retirement village.

The Burges Salmon team, led by partner Graham Soar and associate Jacob Preisner with assistance from the firm’s real estate and construction and engineering teams, advised Bank Leumi on all legal aspects of the development facility.