Norton Rose Fulbright Johannesburg helped Granite Central Securities Depository (Pty) Ltd (Granite) with an application for a Central Securities Depository licence (CSD Licence), in terms of section 27 of the Financial Markets Act, 2013 (FMA). A CSD provides an infrastructure for holding uncertificated securities, entries in respect of uncertificated securities, and a securities settlement system.
Hogan Lovells has advised HSBC, J.P. Morgan Cazenove and Numis Securities as joint bookrunners and J.P. Morgan Cazenove and Numis Securities as joint sponsors on the £100 million rights issue of Mothercare, announced today, 23 September.
Paul Hastings LLP, a leading global law firm, announced today that the firm represented Citigroup Global Markets, Inc., Barclays, Goldman Sachs Bank USA, Morgan Stanley Senior Funding, Inc. and Natixis, New York Branch as lead arrangers and Citibank, N.A. as administrative agent in connection with a $550 million incremental add-on to Templar Energy LLC’s second lien credit facility. The proceeds were used primarily for the purchase of Granite Wash assets from Newfield Exploration Co.
Davis Polk advised Goldman, Sachs & Co. and Morgan Stanley & Co. LLC, as representatives of the initial purchasers in connection with a Rule 144A offering by Twitter, Inc. of an aggregate principal amount of $900 million of its 0.25% convertible senior notes due 2019 and $900 million of its 1.00% convertible senior notes due 2021. In addition, Davis Polk advised Deutsche Bank AG, London Branch, Goldman, Sachs & Co.
Watson, Farley & Williams (“WFW”), practicing in Hong Kong in association with Lau, Leong & Co., is pleased to announce that it has advised Chinese ICBC Financial Leasing Co. Ltd in relation to the US$160 million structured refinancing of four containers and two bulk carriers with the leading ship-owner, Lomar Corporation. The Lomar fleet currently stands at over 60 vessels, including more than 20 newbuildings.
The vessels’ primary registry is in the Marshall Islands, but they sail under the Singapore flag.
King & Wood Mallesons SJ Berwin advised Parquest Capital on the sale of FDI to Webhelp, one of the European leaders in customer relationship management services.
Created in 2002, Parquest Capital (formerly known as ING Parcom Private Equity) is an independent investment firm with a well-established franchise on the French mid-market segment.
Created more than 30 years ago in Chambery (France), FDI is a payment institution dedicated to international credit management, with a portfolio of over 300 customers mainly in the fashion and luxury goods sector.
Bird & Bird announces that an international team from both its London and Paris offices has been advising the European Bank for Reconstruction and Development (EBRD) in its €10 million investment in Alliances Hotel Investment SA, a subsidiary of Alliances Group, for the construction and operation of up to four hotels in Morocco.
Ashurst LLP advised Citigroup and Goldman Sachs as bookrunners and mandated lead arrangers and Lloyds Bank as lender on the £210 million refinancing of the Fat Face Group, the leading UK lifestyle clothing brand majority-owned by private equity group Bridgepoint.
The Ashurst team was led by banking partners Helen Burton and Tim Rennie assisted by senior associate Ewen Scott and solicitor Simin Kiani-Lirharani. Partner Alex Cox and senior associate Caroline Page advised on tax aspects.
Tim Rennie, banking partner at Ashurst LLP commented:
Allen & Overy has advised HSBC and Standard Chartered Bank as joint global coordinators and bookrunners along with several other bookrunners and co-managers on the USD1 billion sukuk offering by The Government of the Hong Kong Special Administrative Region of the People’s Republic of China, the first Islamic bond issuance by the HKSAR Government. The AAA-rated 5-year trust certificates were offered in a combined Rule 144A/Regulation S transaction to institutional investors internationally.
Shearman & Sterling represented the underwriters (led by HSBC Securities (USA) Inc.) in connection with HSBC Holdings plc’s inaugural contingent convertible securities offering, comprising an offering of US$1.5 billion aggregate principal amount of 5.625% perpetual subordinated contingent convertible securities (callable January 2020 and every five years thereafter) and US$2.25 billion aggregate principal amount of 6.375% perpetual subordinated contingent convertible securities (callable September 2024 and every five years thereafter).