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Finance & Banking

Herbert Smith Freehills’ renewables experts advise on A$140 million ‘Samurai’ project refinancing of Waterloo Wind Farm

06 Dec 2018

Herbert Smith Freehills has advised MUFG Bank, Ltd., (MUFG) on the A$140 million ‘Samurai’ refinancing of the Waterloo Wind Farm.

Under the terms of the refinancing, MUFG has been appointed sole mandated lead arranger, underwriter, bookrunner and swap provider for the term loan facility which will be syndicated to a group of Japanese banks (hence the ‘Samurai’ name).

Osborne Clarke advised Aareal Bank in loan to the CER-L fund, managed by Carlyle Real Estate SGR S.p.A.

06 Dec 2018

Osborne Clarke advised Aareal Bank AG, Rome branch, acting as lender, arranger and agent, in a Euro 53 million loan  granted to the “CER-L” alternative closed-end real estate investment fund, which acted through the management company Carlyle Real Estate SGR S.p.A., which was in turn advised by Freshfields Bruckhaus Deringer.

The loan was granted to finance the acquisition and/or development of a real estate portfolio composed of 5 logistic properties located in the North of Italy.

Milbank’s Leveraged Finance/Capital Markets Team Advise on the Financing of Jacobs Holding’s Purchase of Cognita

05 Dec 2018

Milbank, Tweed, Hadley & McCloy LLP advised a group of major financial institutions in arranging the financing for the acquisition of Cognita, the leading global schools group, by Jacobs Holding of Switzerland. The acquisition consisted of a €403.7 million first-lien term loan and a £200 million first-lien term loan. The euro tranche upsized from €307.8 million at launch.

Alignvest to Acquire Sagicor Financial Corporation Limited for $536 Million

05 Dec 2018

New York - Paul Hastings LLP, a leading global law firm, announced today that the firm is advising Sagicor Financial Corporation Limited, the market-leading provider of insurance products and related financial services in the Caribbean region on a proposed business combination with Alignvest Acquisition II Corporation, a special purpose acquisition corporation listed on the Toronto Stock Exchange.

White & Case Advises on Issuance of Bonds of OMV Aktiengesellschaft with Total Volume of €1 Billion

05 Dec 2018

Global law firm White & Case LLP has advised multiple Joint Lead Managers on a €1 billion bond issue by OMV Aktiengesellschaft.

The Joint Lead Managers were Citigroup Global Markets Limited, Crédit Agricole Corporate and Investment Bank, DZ BANK Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, Raiffeisen Bank International AG and SMBC Nikko Capital Markets Limited.

White & Case Advises JBIC on Loan for Acquisition of Shire PLC by Takeda Pharmaceutical Company

05 Dec 2018

Global law firm White & Case LLP has advised the Japan Bank for International Cooperation (JBIC) in relation to its loan agreement with Takeda Pharmaceutical Company Limited (Takeda), amounting up to US$3.7 billion (JBIC's portion), to finance part of the funds required for acquiring Shire plc (Shire) in Ireland.

Allen & Overy advised Goldman Sachs on the $590 million incremental loan facilities to help finance the acquisition of Greencore US Holdings LLC by Hearthside Food Solutions LLC.

05 Dec 2018

A&O advised Goldman Sachs Bank USA, as lead arranger, and Goldman Sachs Lending Partners LLC as administrative agent and collateral agent in respect of (i) an incremental term loan in an aggregate principal amount of $515,000,000, and (ii) incremental revolving loan commitments of an aggregate principal amount of $75,000,000 to finance Hearthside Food Solutions' acquisition of Greencore US Holdings LLC and its subsidiary companies and for general corporate purposes.