De Brauw assisted Rabobank in its merger with all 106 local member banks and in implementing its new governance structure. The new structure came into effect on 1 January 2016 after the General Meeting of Rabobank Nederland approved the merger at meetings held on 9 December 2015.
Herbert Smith Freehills has advised a group of 23 international banks on Lundin Petroleum's ("Lundin") seven year reserve-based lending facility for up to US$5 billion. This is believed to be the largest ever European reserve-based loan (RBL) for an upstream oil and gas company.
The facility has an initial committed amount of US$4.3 billion and includes an accordion feature that allows existing and new lenders to provide additional commitments of up to US$700 million.
DLA Piper has advised the Luxembourg-based financial investor, Iberia Industry Capital Group, on the acquisition of all shares in EuroMaint Rail GmbH. The seller is the Swedish parent company EuroMaint AB, which is owned by Ratos AB, a Swedish private equity conglomerate listed on the stock exchange.
White & Case LLP has advised Intesa Sanpaolo S.p.A. on a US$1.5 billion issuance of subordinated Tier 2 benchmark bonds under its US$25 billion Medium Term Note Programme.
The issuance is a ten-year 5.71 percent bond targeted exclusively at the US and Canadian markets. The bond placed on the US market is exempt from registration under Rule 144A of the US Securities Act and privately placed in Canada.
Allen & Overy LLP advised Bayerische Landesbank, DekaBank Deutsche Girozentrale, DZ BANK AG Deutsche Zentral-Genossenschaftsbank and KfW IPEX-Bank GmbH on the financing of the PPP project for the A94 motorway between the German towns of Forstinning and Marktl with a total volume of around EUR 409 million. In addition to the four German banks, the European Investment Bank (EIB) also has a share in the financing.
Freshfields Bruckhaus Deringer has advised Virgin Money plc on a Reg S and Rule 144A multi-currency Residential Mortgage Backed Securitisation, which saw the issuer successfully publicly issue Notes in US$, £ and €.
This was the first securitisation to comply with both the EU and the US risk retention rules.
The Freshfields team was led by structured finance partner Chris Barratt, assisted by senior associate Jesse Fairley. US regulatory advice was provided by New York partner Brian Rance. US securities advice was provided by partner Sarah Murphy.
Simpson Thacher, acting as sole international counsel, represented UBS AG, Hong Kong Branch, as arranger and dealer and Barclays Bank PLC, BNP Paribas, Citigroup Global Markets Limited, Commerzbank Aktiengesellschaft, Crédit Agricole Corporate and Investment Bank, Hana Financial Investment Co., Ltd., The Hongkong and Shanghai Banking Corporation Limited, KEB Hana Global Finance Limited, Merrill Lynch International, Mizuho Securities Asia Limited as dealers, in connection with the update of the US$10 billion global medium term note program of KEB Hana Bank.
Shearman & Sterling represented Citigroup Global Markets Inc. as joint lead arranger and joint book running manager in connection with Digital Realty Trust’s $3.55 billion global revolving credit facility and term loans. The combined facilities consist of a $2.00 billion dollar line of credit, a $1.25 billion five-year term loan and a $300 million seven-year term loan, for a total of $3.55 billion in facilities.
Watson Farley & Williams (“WFW“) has advised Iccrea Bancaimpresa S.p.A. (“Iccrea”), the corporate banking arm of Credito Cooperativo, on the €20 million financing of Gruppo Augustea subsidiary Maritime Transportation Ltd (“AMT”).
Schoenherr advised an international banking consortium comprising Société Générale (technical lead), Danske Bank A/S, Landesbank Baden-Württemberg and Landesbank Hessen-Thüringen Girozentrale as Joint Lead Managers on the successful issuance of a EUR 750 mn fixed-rate mortgage covered bond (Pfandbrief) by Vienna-based Erste Group Bank AG (closing date: 19 January 2016). The bond was placed with institutional investors and listed on the Second Regulated Market of the Vienna Stock Exchange.