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Finance & Banking

NautaDutilh assists banks on financing of the Parnassia Group

11 Jun 2015

NautaDutilh assisted the bank consortium comprising of N.V. Bank Nederlandse Gemeenten, ING Bank N.V. and Coöperatieve Rabobank Rotterdam U.A. in the EUR 180 million financing of a new development and renovation/ refurbishment for the benefit of the Parnassia Group.

The various parts of the Parnassia Group provide psychological and addiction care. Parnassus Group has more than 560 locations in the Netherlands, with three core regions, namely Noord Holland, Haaglanden and Rijnmond.

Ashurst advises EIB on the financing of offshore wind farm Nordergründe

10 Jun 2015

Ashurst advised European Investment Bank ("EIB") on the financing of the construction of offshore wind farm Nordergründe in the German North Sea. EIB provides the debt financing in a banking consortium together with KfW IPEX-Bank. The borrower is OWP Nordergründe GmbH & Co. KG, a project company managed by German energy developer wpd offshore GmbH ("WPD"). The total financing volume amounts to €410 million. EIB agreed to support the project with €156 million.

DLA Piper with Nord/LB for the financing of WSB's 18Mw wind farm in Basilicata

10 Jun 2015

DLA Piper assisted Nord/LB Norddeutsche Landesbank in the €29.75 million financing to European Wind Energy (EWE), a company of the WSB Neue Energien Group, for the construction of an 18 MW wind farm in the Municipality of Melfi (Potenza).

The wind farm has been admitted to the public subsidies in the GSE's public tender closed on July 2013, and will enter operation in fall 2015.

Clifford Chance advises banking consortium on syndicated loan for automotive supplier Hella

10 Jun 2015

Clifford Chance advised an international banking consortium on a syndicated loan for automotive supplier Hella KGaA Hueck & Co. ("Hella"), Lippstadt, Germany.

The loan amounts to EUR  450.000.000 Euro and has a five-year term with two options to extend it for one year.

The purpose of the loan is to serve the general funding of the company.

Simpson Thacher Represents Underwriters in the US$110 Million NASDAQ IPO of Baozun Inc.

10 Jun 2015

The Hong Kong office of the Firm represented the underwriters, Morgan Stanley, Credit Suisse and BofA Merrill Lynch, in connection with the initial public offering and listing on the NASDAQ Global Select Market of American depositary shares (ADSs) of Baozun Inc. (“Baozun”). The offering of 11,000,000 ADSs, representing 33,000,000 Class A ordinary shares, raised US$110 million of gross proceeds to Baozun before exercise of the greenshoe.

Ashurst advises China Development Bank on US$1.5 billion loan to South Africa's state-owned ports and rail operator

09 Jun 2015

Ashurst advised China Development Bank Corporation on a US$1.5 billion term loan facility granted to Transnet SOC LTD, South Africa's state-owned ports and rail operator. This funding serves as partial financing for the purchase of 691 locomotives from subsidiaries of CRRC Corporation Limited, the new merged entity arising from a recent merger of the former CNR and CSR, two major PRC rolling stock suppliers. The procurement was made for the purpose of building locomotives in Africa's most industrialised economy.

Clifford Chance advises on Garuda Indonesia US$500 million sukuk The first offshore US dollar sukuk issued by an Indonesian corporate

08 Jun 2015

Clifford Chance has advised 15 banks on the international aspects of Garuda Indonesia's US$500 million sukuk. The sukuk is the first ever offshore US dollar offering by an Indonesian corporate issuer, and the first sukuk issuance utilising the airline capacity structure (as part of a sukuk-al-wakala structure) in Asia.