The international law firm Milbank, Tweed, Hadley & McCloy has recently advised on the successful reopening of notes by the Vista Land group. Milbank advised DBS Bank Ltd. (DBS), as international underwriter, on the US$125 million reopening of 7.45% Guaranteed Notes due 2019 (the Notes) by VLL International, Inc., a subsidiary of Vista Land & Lifescapes, Inc. (Vista Land), one of the largest residential property developers in the  Philippines. The Notes were unconditionally guaranteed by Vista Land and other subsidiaries of the Vista Land group.

Davis Polk advised J.P. Morgan Securities LLC as the sole book-running manager in connection with the SEC-registered secondary offering of 11,629,627 ordinary shares of Michael Kors Holdings Limited sold by Sportswear Holdings Limited for a price to the public of $892.6 million.  

Hogan Lovells and Willkie Farr & Gallagher have advised on the financing of the acquisition by Homair Vacances of the European camping holiday provider, Eurocamp, from UK-based company Holidaybreak.

This acquisition, which was finalised on Wednesday 10 September 2014, confirms Homair Vacances' position as a European leader in outdoor accommodation, with over 15,000 mobile homes on approximately 300 campsites located principally in France, Spain, Italy and Croatia.

White & Case LLP has advised the joint lead arrangers, lenders and institutional investors, on the first project bond with European Investment Bank (EIB) credit enhancement in Germany, for the financing of the extension and operation of the A7 federal highway between Hamburg and Bordesholm in the Federal State of Schleswig Holstein.

Shearman & Sterling represented Citibank, N.A., as joint lead arranger and administrative agent, in providing $1 billion in financing commitments for the announced $3 billion acquisition by Select Income REIT (NYSE: SIR) of Cole Corporate Income Trust (CCIT) through a merger transaction. UBS Securities LLC will act as a joint lead arranger in the financing.

Cravath represented the underwriters, led by MUFG, Citigroup and RBS, in connection with the US$1.95 billion registered senior debt offering of Marathon Petroleum Corporation, an independent petroleum refining, marketing and transportation company. The transaction closed on September 5, 2014.

The Cravath team included partners Andrew J. Pitts and D. Scott Bennett, senior attorney G. Douglas Johnson and associates Michael K. Hyun and Melody Koh.

Dechert LLP advised KGAL GmbH & Co. KG, one of Germany’s leading asset management companies, on the US regulatory and tax structuring of the sale of equity investments in 12 Airbus A319 airplanes with leases attached to a US investor as part of share deals. Held mainly through a retail fund and funds with individual investors, the sale led to a capital gain for the investors after an investment period of about one year.

Simpson Thacher represented the underwriters, led by Barclays Capital Inc., in connection with a registered offering by Linn Energy, LLC and Linn Energy Finance Corp. as co-issuers of $650 million aggregate principal amount of 6.5% senior notes due 2021 and $450 million aggregate principal amount of 6.5% senior notes due 2019. The senior notes due 2019 were issued as additional notes under an indenture pursuant to which Linn Energy issued $750 million of 6.5% senior notes due 2019 on May 13, 2011.

Slaughter and May, working as a team with Cleary, Gottlieb Steen & Hamilton LLP, advised Abbey National Treasury Services plc in relation to the issue of US$1 billion 2.350% Fixed Rate Senior Notes due 2019 under its SEC Registered US Shelf Facility. The Notes are guaranteed by Santander UK Plc. The Joint Book-Running Managers for the issue were Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC, Santander Investment Securities Inc., UBS Securities LLC and Wells Fargo Securities, LLC.

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Slaughter and May advised Delta Lloyd Levensverzekering N.V. (DLL), the Dutch life insurance arm of the Delta Lloyd Group, on a transaction with Reinsurance Group of America (RGA) to mitigate longevity risk related to its Dutch life insurance portfolio. It is the first time that DLL has transferred any part of its longevity exposure to the reinsurance market.