Simpson Thacher represented the underwriters Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc. and J.P. Morgan Securities LLC in the recent public offering of $550 million aggregate principal amount of 4.00% Senior Notes Due 2017 and $770 million aggregate principal amount of 5.00% Senior Notes Due 2019 issued by iStar Financial Inc.
The Firm recently represented the initial purchasers led by Deutsche Bank Securities Inc., Barclays Capital Inc., J.P. Morgan Securities LLC and Goldman Sachs (Asia) L.L.C.
Simpson Thacher recently represented the underwriters led by Deutsche Bank Securities Inc., Barclays Capital Inc., J.P. Morgan Securities LLC and Goldman Sachs (Asia) L.L.C. in connection with an offering by Trina Solar Limited of 8,800,000 American depositary shares (the “ADSs”), representing 440,000,000 of its ordinary shares, for approximately US$96.8 million.
Global law firm White & Case LLP has advised Banca Farmafactoring S.p.A. on its euro private placement of €300 million, 2.75 percent notes due 2017 to qualified investors outside the United States.
The notes were listed on the Irish Stock Exchange on June 12, 2014. Banca Farmafactoring is the leading provider of credit management services to suppliers to the Italian public healthcare system, the Servizio Sanitario Nazionale.
Global law firm White & Case LLP has advised the lenders on the US$1.3 billion refinancing of the Emirates Steel Industries (ESI) project in Abu Dhabi, United Arab Emirates.
Leading international law firm Clifford Chance is advising Citi on the sale of its consumer banking business in Greece, including the Diners Club of Greece SA credit card operations, to Alpha Bank. The transaction, subject to regulatory and other customary approvals, is expected to close in the third quarter of 2014. The sale includes approximately €0.43 Bln in GAAP assets, 480,000 customers, €1.0 Bln in deposits and €0.4 Bln in loans. Approximately 730 consumer banking employees and the Citi branch and ATM network in Greece will transfer to Alpha Bank.
With a total value of EUR 2,8 billion, the largest-ever European Offshore Wind Financing (Project Gemini) reached financial close on 15 May 2014 in the office of Allen & Overy in Amsterdam.
With a capacity of 600MegaWatt, this offshore wind farm will be one of the biggest in the world. The produced renewable energy will be enough to meet the needs of 785.000 households and will reduce CO2 emissions in the Netherlands significantly.
Slaughter and May, Hong Kong, advised the placing agent, a major international investment bank, in relation to the HK$2.12 billion (US$272 million) secondary placing and sale of shares in Lijun International Pharmaceutical (Holding) Co., Ltd. (Lijun), held by Prime United Industries Limited.
Law firm Eversheds has advised its client La Banque Postale on a significant acquisition.
This deal involved the EUR38 million acquisition of a majority shareholding (66%) in Sofiap (Société Financière pour l'Accession à la Propriété) from both Credit Immobilier de France and the SNCF. Sofiap is providing property loans to French railroad employees (cheminots SNCF).
Ashurst has advised Crédit Agricole CIB, acting as the sole arranger and bookrunner, in connection with the sale of the Sermeta Group (formerly Giannoni France) by Carlyle, to co-founder Joseph Le Mer.
The transaction will result in Joseph Le Mer regaining the control of the Sermeta Group, with Bpifrance, Arkéa Capital Partenaire and Unexo participating as co-investors. The Sermeta Group specializes in manufacturing heat exchangers for boilers. Carlyle has therefore sold 65 % of the share capital, which it has held since 2010.