Clifford Chance has advised Deutsche Bank Luxembourg S.A. on a EUR 3 billion syndicated credit facility for HeidelbergCement AG. The facility comprises a new five-year revolving credit line which extends the maturity date of its existing EUR 3 billion credit facility to 2019.

The Clifford Chance comprised partner Dr. Bettina Steinhauer, senior associate Andreas Seip and associate Dr. Ana-Maria Stanescu (all Banking & Capital Markets, Frankfurt) and partner Jay Gavigan and associate John Ford (both Banking & Finance, New York).

Linklaters LLP acted for The Bank of Nova Scotia, as lender, in connection with a US$22.5m bilateral loan to OPP Film, S.A., a Peruvian industrial company.  The proceeds of the loan will be used by the borrower to refinance existing debt.  The transaction closed on January 20, 2014.

The Linklaters team was led by partner Conrado Tenaglia and associates Nilo Barredo and Matt Haist in New York.

Linklaters LLP represented Corporacion Andina de Fomento, a Latin American multilateral development bank, in connection with a US$237.5m A/B structured loan under New York law to Pan American Energy LLC, Argentine Branch, the second largest producer of oil and gas in Argentina. The B Loan tranche was participated by CAF to a syndicate of lenders, comprised of ICBC, Credit Agricole, Natixis and Banco Itaú.

Weil, Gotshal & Manges acted as legal counsel on matters of Polish, UK and US law to Alior Bank SA, which made its debut on the Warsaw Stock Exchange (WSE) at the end of 2012, in connection with the offering of newly-issued shares in Alior Bank in an accelerated bookbuilding (ABB) process. The issue comprised 6,358,296 new shares in Alior Bank and was addressed to Polish and international institutional investors.

Cable services provider Liberty Global has announced a deal to acquire Dutch cable company Ziggo for €6.9 billion (£5.7bn), in a cash and stock deal.

Latham & Watkins advised a consortium of banks, Credit Suisse, ABN AMRO, Coöperative Centrale Raiffeisen-Boerenleenbank, Crédit Agricole, Deutsche Bank, HSBC, Nomura, ING, JP Morgan, Merrill Lynch, Morgan Stanley, Scotiabank and Société Générale, on the €964 million exchange offer and the €740 million tender offer related to Ziggo’s outstanding bonds.

Davis Polk advised RBC Capital Markets, LLC and Deutsche Bank Securities Inc. as lead managers on an SEC-registered offering by Royal Bank of Canada of $1.5 billion aggregate principal amount of 1.2% senior notes due 2017 and $1 billion aggregate principal amount of senior floating-rate notes due 2017 under its $25 billion medium-term notes program.

Davis Polk advised Barclays Bank PLC, BNP Paribas Securities Corp., Citigroup Global Markets Inc., The Hongkong and Shanghai Banking Corporation Limited, KDB Asia Limited, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. International plc, Standard Chartered Bank and ANZ Securities, Inc. as underwriters in connection with an SEC-registered Schedule B debt offering by The Korea Development Bank of $750 million aggregate principal amount of its floating-rate notes due 2017 and $750 million aggregate principal amount of its 3.75% senior notes due 2024.

Davis Polk advised J.P. Morgan Securities LLC and Citigroup Global Markets Inc. as representatives of the underwriters in an SEC-registered offering by Legg Mason, Inc. of $400 million aggregate principal amount of its 5.625% senior notes due 2044.   

Legg Mason is a global asset management company. Acting through its subsidiaries, it provides investment management and related services to institutional and individual clients, company-sponsored mutual funds and other pooled investment vehicles. 

Davis Polk advised Banco de Crédito del Perú (BCP), acting through its Panamanian branch, in connection with the reopening of BCP's $200 million fixed-to-floating-rate subordinated notes due 2027, which constitute a further issuance of BCP's $520 million fixed-to-floating- rate subordinated notes due 2027 that were issued on April 24, 2012 and April 9, 2013, pursuant to Rule 144A and Regulation S under the Securities Act.

BCP is the largest commercial bank in Peru, based on total assets, loans, deposits, shareholders' equity and branch network.

Cravath represented Santander Holdings USA, the selling stockholder, in connection with the US$1.8 billion initial public offering of common stock of Santander Consumer USA Holdings Inc., a full-service, technology-driven consumer finance company focused on vehicle finance and unsecured consumer lending products. Santander Consumer USA Holdings Inc. is a subsidiary of Banco Santander, S.A. The shares were listed on the New York Stock Exchange. The transaction closed on January 28, 2014.