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Finance & Banking

Credit Suisse and Goldman Sachs lead financings for Altice USA’s combination of its Suddenlink and Optimum Businesses Under Single Credit Silo

08 Nov 2018

London & New York - Paul Hastings LLP, a leading global law firm, has advised Credit Suisse and Goldman Sachs as joint dealer managers and solicitation agents in connection with the exchange offers and consent solicitations by Altice US Finance I Corporation, Cequel Communications Holdings I, LLC and Cequel Capital Corporation (the “Issuers”), which expired on 30 October 2018. Over $5.5 billion of notes have now been exchanged for new notes issued by the Issuers.

Gide on the inaugural bond issuance by Société du Grand Paris

08 Nov 2018

Gide has advised the banks syndicate composed of BNP Paribas, Barclays, Crédit Agricole CIB, HSBC, Natixis and Société Générale in connection with the issuance by Société du Grand Paris of green bonds in an amount of EUR 1.75 billion, bearing interest at 1.125 per cent. per annum due in 2028.

This operation marks the first bond issuance by the issuer under its green EMTN programme established in July 2018.

Amsterdam’s Schiphol airport first in Europe to issue green bonds

08 Nov 2018

Simmons & Simmons has advised the Joint Bookrunners on a €500m issue of Green Bonds by Royal Schiphol Group N.V. (Schiphol). Schiphol is the first airport in Europe to sell green-labelled debt and will use the money to invest in the sustainability of its airports.

Schiphol’s stated ambition is to become the most sustainable airport in the world and to procure that all its terminals, offices and ground operations will become climate neutral.

Clifford Chance advises EnBW on the issue of their first green bond

08 Nov 2018

International law firm Clifford Chance has advised EnBW International Finance B.V. on the issue of their first green bond in the amount of 500 million Euro. The proceeds will be used to fund "Qualified Green Projects" in the fields of wind power, photovoltaics and electromobility. EnBW’s first green bond is certified to the high standards of the Climate Bonds Initiative (CBI).

KWM advises on Dragon Mining’s Hong Kong listing, marking the second HKEX listing involving a delisting from ASX

07 Nov 2018

King & Wood Mallesons (KWM) advised Altus Capital Limited as the sponsor, Get Nice Securities Limited and Sun Hung Kai Investment Services Limited as underwriters under the laws of Hong Kong on the listing of Dragon Mining Limited (Dragon Mining, HKEX Stock Code: 1712) on the Main Board of The Stock Exchange of Hong Kong Limited (HKEX) under Chapter 18 of the Listing Rules.

WFW advises DNB on US$310m loan facility to Star Bulk Carriers Corp

07 Nov 2018

Watson Farley & Williams (“WFW”) advised Norway’s DNB Bank ASA (“DNB”), as facility agent and security agent for a syndicate of banks comprising itself, ABN AMRO Bank N.V., BNP Paribas, Danish Ship Finance and Skandinaviska Enskilda Banken AB, in relation to a US$310m loan facility provided to Star Bulk Carriers Corp. (“Star Bulk”).

Secured on 26 vessels in Star Bulk’s fleet, the facility consists of two tranches:

Herbert Smith Freehills advises CBA on A$4.13 billion divestment of its global asset management business

07 Nov 2018

Herbert Smith Freehills is advising Commonwealth Bank of Australia (CBA) on the sale of its global asset management business, Colonial First State Global Asset Management (CFSGAM) to Mitsubishi UFJ Trust and Banking Corporation (MUTB). The total expected cash consideration for the sale is A$4.13 billion.

CFSGAM operates across the European, US and Asia Pacific regions. CFSGAM is also known outside of Australia as First State Investments and has A$213 billion in assets under management.

Hogan Lovells advises Credit Suisse as listing agent on the Frankfurt Stock Exchange listing of Linde plc

07 Nov 2018

Led by its Frankfurt-based partner Michael Schlitt Hogan Lovells has advised Credit Suisse Securities (Europe) Limited as listing agent on the listing of Linde plc on the Frankfurt Stock Exchange. Linde plc is an Irish public limited company formed for the purpose of effecting the business combination of Linde AG and Praxair, Inc., two leading companies in the global industrial gases industry. The business combination was completed on 31 October 2018.