Ashurst has advised DBS Bank Ltd., National Australia Bank and Sumitomo Mitsui Banking Corporation (as mandated lead arrangers) in connection with the financing of the acquisition by Macquarie Helios Holdings Limited (an SPV owned by Macquarie Capital) of an indirect 45% stake in Helios Terminal Corporation Pte. Ltd. (Helios) from Oiltanking GmbH.

Helios owns a world-class, state of the art fuel oil storage terminal (with a total shell capacity of 503,000 cbm) located on Jurong Island, Singapore.

International law firm Freshfields Bruckhaus Deringer has advised NIBC Bank on the successful restructuring and placement of a £620.6m Infrastructure Collateralised Loan Obligation (CLO) with a UK life insurance group. This unique arrangement is a market-leading example of banks and institutional investors co-operating to achieve long-term financing solutions.

The CLO is backed by UK Sterling loans to operational public-private partnership projects in the UK originated by NIBC. Headquartered in The Hague, NIBC also has offices in Brussels, Frankfurt and London.

On October 22, 2013, the Antitrust Division of the United States Department of Justice (DOJ) closed its investigation of the business combination of the firm’s client Direct Edge with its competitor BATS. Direct Edge and BATS are, respectively, the world’s third and fourth largest stock exchanges by trading volume, each with about a 10% share in trading in US equities, behind only the New York Stock Exchange (NYSE) and NASDAQ. The DOJ has reviewed numerous trading venue transactions, including obtaining a consent decree in the proposed merger of NYSE and Deutsche Borse.

Goldman Sachs Asset Management (“GSAM”) announced today that it will acquire the Global Treasury Funds, which are a range of money market funds managed by RBS Asset Management (“RBSAM”).

James Dawson, corporate M&A partner at Macfarlanes added: "We are delighted to have assisted RBS and RBSAM on this transaction."

Slaughter and May, working as a team with Cleary, Gottlieb Steen & Hamilton LLP, advised Abbey National Treasury Services plc as issuer and Santander UK plc as guarantor, in relation to the re-registration of Abbey National Treasury Services plc’s US debt shelf facility with the Securities and Exchange Commission and the subsequent issuance of US$1 billion 3.050% senior debt securities under that facility.

CONTACTS

Financing: Miranda Leung (partner), Emily Stratten (associate)

In its latest major transaction in support of energy infrastructure in Latin America, Milbank, Tweed, Hadley & McCloy LLP represented Itaú BBA S.A. in providing a $370 million loan for construction of a new multipurpose port facility and terminal in Cartagena Bay, Colombia.

Milbank, Tweed, Hadley & McCloy LLP has acted as US counsel to Canada’s export credit agency Export Development Canada in an SEC-registered US$1 billion offering of 1.500% bonds due 2018.  Proceeds will be used for general corporate purposes.

Davis Polk advised the underwriters in connection with a follow-on offering of 2,622,950 shares of common stock of KYTHERA Biopharmaceuticals, Inc. at $45.75 per share. The offering resulted in gross proceeds of approximately $120.0 million. J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated acted as joint book-running managers and representatives of the underwriters for the offering. Leerink Swann LLC also acted as a joint book-running manager. Cowen and Company, LLC acted as co-manager.

Davis Polk advised Johnson Rice & Company L.L.C., RBC Capital Markets, LLC and Scotia Capital (USA) Inc. as representatives of the underwriters in an SEC-registered public offering by Goodrich Petroleum Corporation of 6,900,000 shares of its common stock, par value $0.20 per share. The offering raised approximately $165.9 million in net proceeds.

Davis Polk advised J.P. Morgan Securities LLC, as sole global coordinator and dealer manager, and Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Goldman, Sachs & Co., as dealer managers (together, the “Dealer Managers”), in connection with the SEC-registered portion of a rights offering of up to 28,416,203 new common shares of Compañía Cervecerías Unidas S.A. (CCU), including common shares represented by American Depositary Shares (ADSs). The gross proceeds from the offering were approximately $358 million.