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Finance & Banking

Norton Rose Fulbright advises on US$540 million structured financing of two LNG FSRUs for Golar LNG

10 Dec 2015

Norton Rose Fulbright has advised China Merchants Bank Financial Leasing Co., Ltd on a US$540 million structured sale and leaseback financing involving the two LNG floating storage regasification vessels “GOLAR ESKIMO” and m.v. “GOLAR TUNDRA”.

The financing involved two subsidiaries of Golar LNG, a leading liquefied natural gas shipping company based in London and registered in Bermuda.

The financing documents were signed on 4 November 2015 and on 19 November 2015 respectively. Both transactions closed simultaneously on 25 November 2015.

Financing Heavy Metals

09 Dec 2015

Our Trade Finance team handled two major Russian pre-export financings in the metals industry, with a combined worth of US$600 million.
 
Firstly, we've played an integral role in helping Société Générale close a four-year US$400 million pre-export loan facility for a Russian steelmaking giant, Novolipetsk Steel (NLMK).
 

Clifford Chance advises Global Jet Capital on $2.3B secured credit facility

09 Dec 2015

Clifford Chance has advised Global Jet Capital on a $2,310,000,000 secured credit facility used to finance the acquisition of General Electric Capital Corporation's corporate jet business. The facility is expected to finance the acquisition of lease and loan assets relating to more than 300 corporate jet aircraft - one of the largest deals ever of its type. The first funding under the facility occurred December 4th and involved the acquisition of interests in more than 200 aircraft.

NautaDutilh assists Oddo et Cie in counterbid on BHF Kleinwort Benson Group

09 Dec 2015

On 26 November 2015, Oddo et Cie  (an independent Franco-German financial services group) announced its intention to make a voluntary and conditional counterbid in cash for the outstanding shares issued by BHF Kleinwort Benson Group SA/NV (a European financial entity mainly active in private banking and asset management, in addition to financial markets and financing of businesses).

Bär & Karrer Advises Deutsche Bank and Morgan Stanley on the IPO of EDAG Engineering Group AG

09 Dec 2015

EDAG Engineering Group AG, Arbon, Switzerland, has placed 8,750,000 new bearer shares as an initial public offering. The shares of EDAG Engineering AG were listed in the Prime Standard of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse) as of 2 December 2015.

Bär & Karrer acted as legal adviser to Deutsche Bank Aktiengesellschaft and Morgan Stanley & Co. International plc on Swiss law aspects. The team included Michael Trippel, Thomas Reutter and Till Spillmann (Capital Markets and Corporate) as well as Daniel Lehmann and Andreas Steffen (Tax).

Innovative structure: Gleiss Lutz advises on reverse takeover within the Pfleiderer Group

09 Dec 2015

Gleiss Lutz is advising Luxembourg-based Atlantik S.A. as sole shareholder of wood processing company Pfleiderer on the reorganisation of its group structure. Atlantik acquired the Pfleiderer Group in 2012 in insolvency plan proceedings, assuming a large portion of its debt as part of the deal. In addition to its German operations, the Pfleiderer Group includes a majority participation in the listed Polish subsidiary Pfleiderer Grajewo S.A. 

Slaughter and May is advising Non-Standard Finance plc- acquisition of Everyday Loans Holdings Limited

08 Dec 2015

Slaughter and May is advising Non-Standard Finance plc (NSF) on the acquisition of Everyday Loans Holdings Limited (Everyday Loans) from Secure Trust Bank PLC (STB) (the Acquisition) and NSF's associated placing and open offer (the Placing and Open Offer) and debt financing.

Gernandt & Danielsson advised the underwriters in the Camurus IPO

08 Dec 2015

Gernandt & Danielsson has advised Carnegie Investment Bank and Handelsbanken Capital Markets in connection with the listing of Camurus AB (publ) (“Camurus”) shares on Nasdaq Stockholm.

The offering was priced at SEK 57 per share. The offering consisted of 12,813,937 shares, including an over-allotment option of 1,671,383 shares, corresponding to a total value of the offering of SEK 730 million.