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Finance & Banking

Shearman & Sterling Advises Bank of America Merrill Lynch and Morgan Stanley on Groupe Bruxelles Lambert’s Sale of 0.7% of Total’s Capital for €650 Million

25 Feb 2016

Shearman & Sterling advised Bank of America Merrill Lynch and Morgan Stanley as joint bookrunners on Groupe Bruxelles Lambert’s sale of 0.7% of Total S.A.’s capital.

The sale by Groupe Bruxelles Lambert and its wholly owned subsidiary GBL Energy corresponded to 17.1 million shares by way of an accelerated book-building to institutional shareholders. The settlement of the transaction took place on February 19, 2016.

Milbank Advises MLA Lenders in Restructuring of Indonesian Shipping Company

25 Feb 2016

PT Berlian Laju Tanker Tbk (collectively, with certain of its subsidiaries and affiliates, “BLT”) is an Indonesia-based shipping company that formerly operated a fleet of over 40 ocean-bound vessels transporting refined petroleum products, liquefied natural gas, and other liquid cargoes, across the globe.  Milbank, Tweed, Hadley & McCloy LLP acted on behalf of the secured parties under BLT’s approximately US$650 million Senior Secured MLA Credit Facility, including DNB Bank ASA, Singapore Branch, the facility agent, as well as affiliates of KKR and York Capital, the largest lenders

Mayer Brown JSM advises Asia Development Bank and International Finance Corporation on US$300 million loan financing in Myanmar

25 Feb 2016

Mayer Brown JSM acted as the international legal adviser to the Asian Development Bank (ADB) and International Finance Corporation (IFC) on loans extended to Ooredoo Myanmar Limited, a telecommunications provider in Myanmar.

The US$300 million loan (US$150 million each from ADB and IFC) will be used to finance Ooredoo’s telecommunications infrastructure rollout that will provide a full range of fixed, mobile and data services across Myanmar.

Osborne Clarke advises Wirecard on acquisition of Moip Pagamentos S.A.

25 Feb 2016

Wirecard acquires all the shares in the company, which has developed a leading payment platform for small and medium sized retailers. In particular it focuses on marketplaces and companies with direct sales with its innovative end-to-end solutions. Wirecard will take over more than 150 employees at its location in Sao Paulo and is continuing its global expansion with the entry into the Brazilian market.

Ashurst advises banks on financing of 30 electrical trains for German transport network Südhessen-Untermain

25 Feb 2016

Ashurst advised Bayerische Landesbank (BayernLB), Crédit Agricole Corporate and Investment Bank (CACIB) and Landesbank Hessen-Thüringen Girozentrale (Helaba) in connection with financing 30 electrical multiple units (EMUs) from the manufacturer Alstom for regional transport company Hessische Landesbahn (HLB). The banks are providing a special purpose vehicle (SPV) of DAL Deutsche Anlage Leasing, Mainz, with the necessary financing. The SPV is thereby acquiring brand-new EMUs of the type CORADIA Continental with a purchase price of ca.

DLA Piper acts for Credit Suisse Energy Infrastructure Partners AG on Fosen Vind - the largest on-shore wind farm in Europe

24 Feb 2016

DLA Piper has acted for a European investor consortium advised by Credit Suisse Energy Infrastructure Partners AG on all aspects of a 40 per cent investment into the Fosen Vind Wind Project in Norway (1 GW) - a project which is set to create the largest on-shore wind farm in Europe and one of the largest wind farms in the world. The transaction spanned a period of 12 months and at all stages encompassed work streams from DLA Piper's integrated corporate, energy regulatory, real estate, projects, due diligence and debt financing practice teams across six jurisdictions.

Clifford Chance advises on Kuveyt Türk's first issuance of Basel III compliant Tier 2 sukuk

24 Feb 2016

Clifford Chance, together with its associate firm, Yegin Çiftçi Attorney Partnership Istanbul, recently advised the joint lead managers on Kuveyt Türk's US$350 million subordinated Tier 2 certificates issuance listed on the Irish Stock Exchange. Kuveyt Türk is a Turkish participation bank with a credit rating of BBB by Fitch and is majority owned by Kuwait Finance House, a Kuwaiti-based financial institution. The deal marks the first issuance by Kuveyt Türk of Basel III compliant Tier 2 sukuk.

Davis Polk Advises Morgan Stanley on $400 Million Senior Notes Offering in Taiwan

24 Feb 2016

Davis Polk advised Morgan Stanley in connection with its SEC-registered offering in Taiwan of $400 million aggregate principal amount of fixed-rate senior notes due 2036. The notes were settled in Euroclear and Clearstream and are listed on the Taipei Exchange in Taiwan and offered in Taiwan to professional institutional investors.