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Finance & Banking

Paul Hastings Represents Sponsor in Livzon Pharmaceutical’s B to H-share Listing

22 Jan 2014

Paul Hastings, a leading global law firm, announced today that the firm represented Guosen Securities (HK) Capital Company Limited as the sponsor in the listing of Livzon Pharmaceutical Group Inc.’s (“Livzon Pharmaceutical”) H-shares converted from B-shares on the Main Board of the Hong Kong Stock Exchange by way of introduction.

Livzon Pharmaceutical is a comprehensive pharmaceutical enterprise integrating research & development, production and sales of pharmaceutical products and is already listed on the Shenzhen Stock Exchange.

Mayer Brown JSM advises ING Bank N.V. on US$20 million private placement for MIAT Mongolian Airlines

22 Jan 2014

Mayer Brown JSM today said it has advised ING Bank N.V., Singapore Branch ("ING") as arranger and book runner on the issuance by MIAT Mongolian Airlines ("MIAT") of US$20 million floating rate guaranteed notes due in December 2018. The notes are guaranteed by the Ministry of Finance of the Government of Mongolia, and form an important part of MIAT’s acquisition financing of a Boeing 767-300ER aircraft.

Simpson Thacher Represents Cetera Financial Group in Sale to RCS Capital Corporation

21 Jan 2014

Simpson Thacher is representing Cetera Financial Group in connection with RCS Capital Corporation’s (NYSE: RCAP) announced acquisition of Cetera for $1.15 billion in cash. The closing of the transaction, which is expected later in 2014, is subject to FINRA approval and other customary closing conditions.

Simpson Thacher Represents Underwriters in $3 Billion Notes Offering by Mondelez International, Inc. (f/k/a Kraft Foods Inc.) and Dealer Managers in Related Tender Offer

21 Jan 2014

Simpson Thacher represented the underwriters, led by Barclays, J.P. Morgan and RBS, in connection with a registered public offering by Mondelez International, Inc. (f/k/a Kraft Foods Inc.) of $400 million of its Floating Rate Notes due 2019, $850 million of its 2.250% Notes due 2019 and $1.75 billion of its 4.000% Notes due 2024, amounting to $3 billion of new notes. The offering closed on January 16, 2014.

Milbank Advises on US$400 Million Acquisition Financing for Leading Insurance Company Global Atlantic

21 Jan 2014

Milbank, Tweed, Hadley & McCloy LLP represented Goldman Sachs and Royal Bank of Canada as Joint Bookrunners and Goldman Sachs, Royal Bank of Canada and Lloyds Bank as Joint Lead Arrangers in connection with the $300 million term loan facility, which closed in 2014 and was used to finance, in part, Global Atlantic Financial Group’s (Global Atlantic) acquisition of Forethought Financial Group (Forethought).  Milbank also represented Lloyds Bank as Sole Lead Arranger for Global Atlantic’s $100 million letter of credit and revolving credit facility that closed in 2013.

Mayer Brown advises Macquarie Bank on €32.5 million real estate loan

20 Jan 2014

Mayer Brown has advised Macquarie Bank Limited on a three-year €32.5 million facility for Sirius Real Estate Limited. The facility will be used to refinance nine assets as part of a wider restructuring aimed at maintaining a well balanced portfolio of high income-producing assets within the Sirius group.

In January 2013, Mayer Brown advised Macquarie Bank on a four-year €28.5 million facility for Sirius Real Estate, which was used to refinance five other assets. Both transactions were linked as part of the new restructure by way of cross guarantees.

Union Pacific's $1 Billion Registered Debt Offering

19 Jan 2014

Cravath represented the underwriters, led by Barclays, Citigroup and Credit Suisse, in connection with the US$1 billion registered debt offering of Union Pacific Corporation, owner of one of America’s leading transportation companies. The transaction closed on January 10, 2014.

The Cravath team included partner Craig F. Arcella and associate Andy Ham. Michael S. Atamas also worked on this matter.

Ashurst advises senior arrangers on £276m refinancing of Caffé Nero group

17 Jan 2014

Ashurst has advised HSBC Bank plc, Lloyds Bank plc, M&G Investments, Rabobank International, London Branch and Santander UK plc as senior arrangers on the refinancing of Caffé Nero. The refinancing consists of £125 million of senior debt and £153 million of mezzanine debt.

The Ashurst team was led by Finance Partner Simon Thrower, assisted by associate Laura Ho and associate Sara Mardell advised on tax aspects.