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Finance & Banking

Slaughter and May advised Fosse Master Issuer on its issue of Notes

30 Apr 2015

Slaughter and May advised Fosse Master Issuer plc in respect of the issue of US$500 million, US$300 million and £500 million 2015-1 Notes in three different classes under its Residential Mortgage-Backed Note Issuance Programme. The Notes were listed on the Main Securities Market of the Irish Stock Exchange and awarded the Prime Collateralised Securities Label by the PCS Secretariat.

Slaughter and May also advised Santander UK plc in its capacity as sponsor, seller, servicer, cash manager and originator under the Programme.

CONTACTS

Linklaters advises The Royal Bank of Scotland PLC on an asset-based finance structure

30 Apr 2015

Linklaters has advised The Royal Bank of Scotland PLC on its involvement in an innovative asset-based finance structure set up together with the originating German bank, regarding an asset portfolio consisting of loans in GBP secured by UK real estate. The (replenishable) asset portfolio is sold and transferred to a Luxembourg special purpose vehicle . The assets are registered in the refinancing register of the originator in order to ensure that the assets would not be affected by an insolvency of the bank.

Shearman & Sterling Advises on Jerrold’s Additional £100 Million High Yield Notes Offering

30 Apr 2015

Shearman & Sterling advised Jerrold Holdings Limited (“Jerrold”) on the offering by its wholly-owned subsidiary, Jerrold FinCo plc (the “Issuer”), of £100 million aggregate principal amount of 9.750% Senior Secured Notes due 2018 (the “Notes”). The Notes are being issued as additional notes under the Issuer’s existing indenture governing its £200 million 9.750% Senior Secured Notes due 2018 issued in September 2013. The Notes are guaranteed by Jerrold Holdings Limited and all of its other subsidiaries.

DLA Piper advises Aareal Bank on €530 million senior financing

29 Apr 2015

DLA Piper has advised Aareal Bank AG on the provision of a €530 million senior financing for the acquisition of a €1.1 billion pan-European office portfolio by NorthStar Realty Finance Corp., a real estate investment trust that is headquartered in New York. Aareal Bank acted as Arranger, Agent and Sole Underwriter for the €530 million seven-year senior facility.

Slaughter and May is advising SVG Capital - return to shareholders

28 Apr 2015

Slaughter and May is advising SVG Capital plc (SVG Capital) in relation to a return of up to £70 million to shareholders by way of a tender offer for ordinary shares and a subsequent repurchase by SVG Capital. The tender offer is subject to shareholder approval at the Company’s annual general meeting to be held on 1 May 2015.

CONTACTS

Corporate: Robin Ogle (partner), Richard Marron (associate); Tax: Tony Beare (partner).

Slaughter and May is advising Banco Santander - combination of Santander Asset Management and Pioneer Investments

28 Apr 2015

Slaughter and May, working alongside Uría Menéndez and Davis Polk & Wardwell LLP, is advising Banco Santander, S.A. on its preliminary and exclusive agreement with Warburg Pincus, General Atlantic and UniCredit S.p.A. to merge Santander Asset Management and Pioneer Investments to create a leading global asset manager in Europe and Latin America. The combined company, with approximately EUR 353 billion in assets under management at the close of 2014, will be called Pioneer Investments.

Slaughter and May advised Standard Chartered - issue of senior notes

28 Apr 2015

Slaughter and May advised Standard Chartered PLC on its issue of US$750 million 1.700% Notes due 2018, US$250 million Floating Rate Notes due 2018, US$1.25 billion 2.250% Notes due 2020 and US$750 million 3.200% Notes due 2025 under its US$70 billion Debt Issuance Programme. BNP Paribas, BofA Merrill Lynch, Deutsche Bank Securities and Standard Chartered Bank acted as joint lead managers. Sullivan & Cromwell advised as to New York law.

CONTACTS

Corporate and Financing: Nilufer von Bismarck (partner), Andrew Chaplin (associate), Anthony Phillips (associate)

Shearman & Sterling Advises on Petróleos Mexicanos’ Sale of €2.25 Billion in Debt Securities

27 Apr 2015

Shearman & Sterling represented Banco Santander, S.A., Barclays Bank PLC, BNP Paribas, and Deutsche Bank AG, London Branch as managers in connection with the offering by Petróleos Mexicanos of €2.25 billion of securities issued in two separate tranches.

The following Shearman & Sterling team advised the managers in the transaction: partner Stuart Fleischmann (New York-Capital Markets) and associates Grissel Mercado (New York-Capital Markets), Richard Bass (New York-Capital Markets), Jeffrey Tate (Washington, DC-Tax) and Erica Kassman (New York-Corporate).

Slaughter and May advised International Personal Finance - issue of notes

27 Apr 2015

Slaughter and May advised International Personal Finance plc (IPF), a leading international home credit business operating in Poland, the Czech Republic, Slovakia, Hungary, Romania, Mexico, Lithuania, Spain, Finland, Estonia, Latvia, Australia and Bulgaria, on the issue of EUR 100 million 5.750% wholesale denominated notes (the Notes) under its EUR 1 billion euro medium term note programme (the Programme).