Linklaters has advised the arrangers on a €1.2 billion covenant-lite loan refinancing for the pan-European frozen food maker Iglo Group, owned by Permira. The transaction consists of €1.2 billion of senior secured covenant-lite loans and €500 million of senior secured high yield bonds.
Clifford Chance advised BNP Paribas with regard to an agreement with UniCredit Bank AG in order to acquire the latter's interest in DAB Bank of approx. 81.39%. By means of this transaction, BNP Paribas intends to considerably expand its digital banking business in Europe and to nearly double the number of its clients in Germany. The transaction is subject to customary closing conditions including regulatory and antitrust approval.
International law firm Weil, Gotshal & Manges is advising Deutsche Bank, Goldman Sachs, HSBC and ING on the financing of EQT’s acquisition of Bureau van Dijk Electronic Publishing (BvD) from Charterhouse Capital Partners. BvD is a leading publisher of private company information and corporate ownership structures, and is known for products such as Orbis, Bankscope, Amadeus, Mint and Zephyr.
Frankfurt/Main – Deutsche Pfandbriefbank AG has provided financing amounting to EUR 139 million as part of a consortium with Landesbank Hessen-Thüringen Girozentrale to subsidiaries of Segro plc for the purpose of acquiring a logistics property portfolio. Deutsche Pfandbriefbank AG acted as arranger, facility agent and security agent on the deal.
The facility will be used to fund the acquisition of the Raclette, Comte and Titan portfolios comprising a total of 23 German sites occupied by logistics properties and held by German, Dutch and Luxembourg property companies.
Davis Polk advised Merrill Lynch, Pierce, Fenner & Smith Incorporated, Goldman, Sachs & Co., Credit Suisse Securities LLC, Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC, and RBC Capital Markets, LLC, as joint book-running managers, in connection with a Rule 144A/Regulation S offering of $185 million aggregate principal amount of 7.250% senior notes due 2022 by Infinity Acquisition, LLC and Infinity Acquisition Finance Corp.
On July 22, 2014, Energy & Exploration Partners, LLC, an independent exploration and production company focused on the acquisition, exploration and development of unconventional oil and gas resources, closed its acquisition of certain exploration and production assets from Treadstone Energy Partners, LLC. Cravath represented Citigroup in arranging a $775 million term loan to finance the acquisition, to refinance existing indebtedness and to fund drilling capital expenditures and other working capital needs.
Baker & McKenzie acted as Ukrainian law counsel to the European Investment Bank (EIB) in connection with its EUR55 million loan to the State Administration of Railway Transport of Ukraine (Ukrzaliznytsia) and the related sovereign guarantee.
Shearman & Sterling represented J.P. Morgan Securities plc and UniCredit Bank AG as the Initial Purchasers in connection with the offering by HP Pelzer Holding GmbH (the “Issuer,” and together with its consolidated subsidiaries, the “HP Pelzer Group”) of €230,000,000 aggregate principal amount of 7.500% Senior Secured Notes due 2021 (the “Notes”). The net proceeds from the issue and sale of the Notes will primarily be used to refinance existing debt obligations of the Issuer and acquire new assets.
Mayer Brown, a leading global law firm, represented Barclays and the several underwriters in connection with the offering and issuance by Regency Energy Partners LP and Regency Energy Finance Corp. of $700 million aggregate principal amount of 5.00% senior notes due 2022. The high yield bonds were sold in a public offering registered with the US Securities and Exchange Commission.
Shearman & Sterling represented the underwriters, led by Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC, in connection with eBay Inc.’s registered public offering of $3.5 billion aggregate principal amount of investment grade Notes, comprised of $450 Million of Floating Rate Notes due 2017, $400 million of Floating Rate Notes due 2019, $1.15 billion of 2.200% Notes due 2019, $750 million of 2.875% Notes due 2021 and $750 million of 3.450% Notes due 2024.