Slaughter and May advised EE Finance plc on the update to its £3 billion Euro Note Programme guaranteed by EE Limited. Barclays Bank plc is the arranger of the programme.
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Financing: Stephen Powell (partner), Oliver Storey (associate), Edward Comber (associate); Tax: Dominic Robertson (associate); Stefan Farahani (associate)
The Italian office of global law firm Eversheds has advised UniCredit S.p.A in relation to a financing deal for the Salcef Group, one of Italy's top railway and general construction contractors.
The Eversheds team was headed by partner Marco Franzini, assisted by associate Angelo Speranza. The team dealt with all aspects of the structuring, negotiation and documentation of medium-long term facilities for a total amount of Euros 27 Mln., which was structured into a cash facility line and a EIB funded “Mid-Cap” cash facility line.
Allen & Overy LLP advised a banking consortium comprising Crédit Agricole Corporate and Investment Bank (CACIB), Bayerische Landesbank (BayernLB) and Norddeutsche Landesbank Girozentrale (NordLB) on the financing of rolling stock (locomotives and passengers rail cars). Equity sponsors are a joint venture of DIF and Paribus. The rolling stock will be owned by SPVs established by such sponsors and will be operated for use on the public transfer line linking Hamburg and Westerland (the Marschbahn line or Netz-West).
International law firm Freshfields Bruckhaus Deringer acted as counsel to lenders and credit providers supporting the Preferred Bidder to design, build, finance, operate and maintain a tolled bridge over the River Mersey.
The project involves the development of a new six-lane toll bridge over the river, connecting Runcorn and Widnes. The existing Silver Jubilee Bridge - which will also be tolled - will be remodelled as a local bridge as part of the scheme.
Hogan Lovells advised Macquarie Capital Securities Limited ("Macquarie") and Standard Chartered Securities (Hong Kong) Limited ("Standard Chartered"), as bookrunners and placing agents, on the sale of 600 million existing shares in Tongda Group Holdings Limited ("Tongda") by Landmark Worldwide Holdings Limited ("Landmark Worldwide") and the subscription of the same number of new shares by Landmark Worldwide, raising approximately HK$672 million (US$86.7 million). Landmark Worldwide is Tongda's controlling shareholder.
Navigating complicated Russian market circumstances, Allen & Overy’s Moscow team recently advised two syndicates of lenders on new loan facilities for Sberbank Europe AG (an Austrian bank owned by the state-owned Sberbank of Russia) and Credit Bank of Moscow (a privately owned Russian bank).
Davis Polk advised Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC as the underwriters in connection with an SEC-registered block trade of 28,280,000 Class A shares representing limited liability interests in Fortress Investment Group LLC. As part of the offering, certain officers and senior employees of Fortress, including Fortress principals, sold 5,077,141 Class A Shares. The aggregate proceeds of the offering were approximately $227.4 million. Fortress’s Class A shares are traded on the New York Stock Exchange under the symbol “FIG.”
Davis Polk advised Credit Suisse Securities (USA) LLC and Cowen and Company, LLC as joint book-running managers in connection with the $82.8 million Achaogen, Inc. initial public offering, which includes the full exercise of the underwriters’ over-allotment option. Achaogen’s common stock is listed on the NASDAQ Global Market under the symbol “AKAO.”
Esin Attorney Partnership, a member firm of Baker & McKenzie International, and Baker & McKenzie advised ING Group's Turkish subsidiary on a syndicated loan obtained for trade finance purposes.
Cravath represented Premier Foods Finance plc in connection with its 144A/Reg. S high-yield offering of £325 million senior secured notes and £175 million senior secured floating rate notes, to be guaranteed by Premier Foods plc and certain of its subsidiaries. Premier Foods is one of the United Kingdom’s largest food producers. The notes were listed on the Irish Stock Exchange. The transaction closed on March 17, 2014.