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Finance & Banking

Milbank Represents Lead Arrangers and Administrative Agent in $657M Cross-Border Financing for the Belmond (Orient-Express Hotels) Group

11 Apr 2014

International law firm Milbank, Tweed, Hadley & McCloy LLP represented Barclays Bank PLC as administrative agent and Barclays and J.P. Morgan Securities LLC as lead arrangers in connection with an approximately $657 million senior secured credit facility for Orient-Express Hotels Ltd. (NYSE: OEH) and its subsidiaries (the "Belmond Group"). The transaction closed and funded on March 21, 2014.

Norton Rose Fulbright advises China Development Bank on new strategic cooperation agreement with Barclays

10 Apr 2014

Norton Rose Fulbright has advised China Development Bank Corporation (CDB) on a new strategic cooperation agreement with Barclays. This follows a previous cooperation memorandum that was signed in 2007.

The new agreement extends the banks’ cooperation to cover the international loan market and to Africa in particular, as well as covering investment banking and retail banking. The agreement is global and spans a range of services.

Wang Yi, corporate partner in the Beijing office of Norton Rose Fulbright, commented:

Clifford Chance advises Bank of America Merrill Lynch in the refinancing of Coeur Defense, the largest property development in Europe, allowing its acquisition by Lone Star

10 Apr 2014

After five years of controversy and legal debates the Commercial Court of Paris confirmed on 7 April the end of the safeguard procedure of HoLD, which is the owner of Coeur Defense property development.

Clifford Chance advised Bank of America Merrill Lynch on the EUR935 million refinancing structure of Coeur Defense, for Lone Star, thereby permitting the end of the safeguard procedure of Coeur Defense.

Herbert Smith Freehills advises on the US$201 million IPO of Emirates REIT on NASDAQ Dubai

09 Apr 2014

Herbert Smith Freehills has advised SHUAA Capital and Emirates NBD on the IPO and admission to trading on NASDAQ Dubai Limited of Emirates REIT (CEIC) Limited, the UAE-based real estate investment trust.

This is both the first Nasdaq Dubai IPO since 2009 and the first Shari'a compliant, regulated real estate investment trust to be incorporated in the Dubai International Financial Centre (DIFC).  The intention to list was announced on 11 March 2014 and admission took place on 8 April 2014.

Linklaters advises Société Générale, CEPAC, BPI and Natixis on the project financing of a portfolio of three photovoltaic power plants

09 Apr 2014

Linklaters advises Société Générale, CEPAC, BPI and Natixis on the project financing of a portfolio of three photovoltaic power plants located in France and developed under the September 2011 public call for tenders

Clifford Chance advises banking consortium on syndicated credit facility for Brenntag AG

09 Apr 2014

Clifford Chance advised an international banking syndicate on the extension of the term of its existing syndicated credit facility ahead of schedule and at more favourable terms for Brenntag AG. The volume of the credit facility amounts to EUR 855 million, USD 910 million, CHF 85 million and CAD 80 million. The term of the loan agreement was extended to another five years.

White & Case Advises Banks on Financing for Acquisition of Ferngas Nordbayern

08 Apr 2014

White & Case LLP has advised a group of banks including SEB AG and DekaBank Deutsche Girozentrale as arrangers on the financing for the acquisition of energy supplier Ferngas Nordbayern GmbH and its high-pressure natural gas grids.

The former E.ON subsidiary has been acquired by the European Diversified Infrastructure Fund of First State Investments, the global asset management business of the Commonwealth Bank of Australia.