CMS has advised ING and UniCredit as coordinators, and lenders Citibank, BNP Paribas, Natixis, Rabobank, Arab Bank and Banque de Commerce et de Placements (BCP) on a sunflower oil based pre-export financing of up to USD 400 million for Kernel Group, Ukraine’s leading agribusiness.
Shearman & Sterling advised Banco Nacional de México, S.A., Integrante del Grupo Financiero Banamex, División Fiduciaria, as administrative agent, in connection with a $5 billion Mexican pesos and a $120 million dual-tranche multi-currency, senior unsecured financing for Tenedora de Cines, S.A. de C.V.
Watson, Farley & Williams (“WFW”),has advised Joh. Berenberg, Gossler & Co. KG (“Berenberg Bank”) and KBC Deutschland AG (“KBC”) under the existing acquisition and working capital facility framework for the add-on-acquisition of revos watercooler GmbH (”revos“) by Aqua Vital Quell- und Mineralwasser GmbH (“Aqua Vital”).
The unique transaction included a call spread overlay, which has only been completed a handful of times in Asia by a US-listed company.
TAL Education Group, a US-listed after-school tutoring services provider in China, has completed a US$200 million issuance of convertible senior notes due 2019. Latham & Watkins represented the joint bookrunners, Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. International plc, as product counsel on the issuance.
The Dominican Republic office of Squire Patton Boggs represented long-time client CCI Puesto de Bolsa, S.A., a Santo Domingo-based securities broker, in securing all necessary regulatory approvals to undertake an initial public offering of its stock within the securities market of the Dominican Republic, the first such offering ever to be approved in the history of that country. Feller Rate has rated CCI Puesto de Bolsa’s solvency at BB with a stable outlook.
Norton Rose Fulbright has advised a syndicate of lenders on a US$600 million equivalent five-year club loan for Brightoil Petroleum (Holdings) Limited. The lenders were China Development Bank (Hong Kong branch), China Minsheng Bank (Hong Kong branch), China CITIC Bank International, China Merchants Bank (Hong Kong branch) and Wing Lung Bank.
Brightoil is a privately-owned Chinese energy company with a global presence focusing on oil storage and terminal facilities, marine transportation, international trading and bunkering, as well as upstream oil and gas exploration.
Paul Hastings LLP, a leading global law firm, announced today that the firm represented Royal Bank of Canada, as administrative agent in connection with a $225 million Canadian dollar asset-based revolving credit facility, and RBC Capital Markets and Goldman Sachs Bank USA as arrangers in connection with such credit facility.
London - Leading global law firm Mayer Brown has advised Bank of America Merrill Lynch (BAML) as senior lender on a €100m senior facility agreement to Invista European Real Estate Trust, a European commercial property trust.
The €100m senior facility agreement is part of a €222m whole loan which was arranged by Blackstone Real Estate Debt Strategies for Invista.
The properties and security for the senior facility agreement is comprised of 30 diversified commercial properties located throughout France and Germany, as well as Spain, Netherlands and Belgium.
Paul Hastings, a leading global law firm, announced that the firm represented Morgan Stanley Asia Limited, CITIC Securities Corporate Finance (HK) Limited, ICBC International Securities Limited, CCB International Capital Limited, DBS Asia Capital Limited, First Shanghai Securities Limited, GF Securities (Hong Kong) Brokerage Limited and Celestial Securities Limited as counsel to the underwriters in China VAST Industrial Urban Development Company Limited’s (“China VAST”) US$130 million Hong Kong IPO and Rule 144A global offering on the Main Board of the Hong Kong Stock Exchange.
Davis Polk advised J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC, Stifel, Nicolaus & Company, Incorporated and Piper Jaffray & Co. as the underwriters in the initial public offering by iDreamSky Technology Limited (iDreamSky) of 7,700,000 American depositary shares (ADSs), each representing four Class A ordinary shares of iDreamSky. iDreamSky has granted the underwriters an option to purchase up to an additional 1,155,000 ADSs. The ADSs are listed on the NASDAQ Global Select Market under the symbol “DSKY.”