Global legal practice Norton Rose Fulbright has advised Banca IMI, Intesa Sanpaolo, MPS Capital Services Banca per le Imprese and Banco Popolare on a €39.5 million project financing to Garbagnate Salute S.p.A. (Garbagnate), which entered into a concession agreement with Infrastrutture Lombarde S.p.A. and Azienda Ospedaliera G. Salvini in 2010 to design, construct and operate the new hospital in Garbagnate.

The shareholders of Garbagnate are Pessina Costruzioni S.p.A. (majority shareholder), Carbotermo S.p.A. and CO.GE Costruzioni Generali S.p.A.

Herbert Smith Freehills advised the syndicate of banks in relation to an unsecured A$1 billion syndicated facility agreement provided to Leighton Finance Limited. The syndicated facility was provided, in part, to refinance Leighton’s existing syndicated facility agreement entered into in 2008.

The mandated lead arrangers and bookrunners were Australia and New Zealand Banking Group Limited, Mizuho Corporate Bank, Ltd. and National Australia Bank Limited.

Financial close was achieved on 28 June 2013.

Clifford Chance's London, New York and Sydney offices recently advised a consortium of 80 Lenders on the US$17.34 billion refinancing of commodity trading and mining company Glencore Xstrata.  The new revolving credit facilities are for general corporate purposes and replace the previous facilities of both Glencore and Xstrata.

The new facilities consist of:

Hong Kong; Global legal practice Norton Rose Fulbright has advised The Hongkong and Shanghai Banking Corporation Limited (“HSBC”) as facility agent and the Mandated Lead Arrangers in relation to a US$101.8 million equivalent  dual currency syndicated term facility to HKSE-listed PRC property developer, Yuzhou Properties Company Limited (the “Borrower”), dated 30 April 2013.

Herbert Smith Freehills has advised the joint lead managers of Westpac Banking Corporation’s (Westpac) offer of new Tier 2 hybrid securities known as Westpac Subordinated Notes II (Notes), which are fully paid, redeemable, subordinated and unsecured debt obligations of Westpac (Offer). The Offer is intended to raise A$750 million, with the ability to raise more or less.

The Notes are being offered at an issue price of $100 each and are expected to be quoted on the ASX.

In a further decision dealing with issues of alleged misselling of financial products - Standard Chartered Bank v Ceylon Petroleum Corporation  - Mr Justice Hamblen gave judgment for Standard Chartered Bank (“SCB”) for recovery of US$161 million (plus interest and costs) from the Sri Lankan state owned oil company, Ceylon Petroleum Corporation (“CPC”).

International law firm Clifford Chance advised the senior lenders on the £1.6bn (approx) project financing of new Siemens rolling stock for the Thameslink Programme.  The transaction combined a PPP and rolling stock lease model, specialist non-OEM financial equity and dedicated credit support for the project from Siemens Financial Services.

The deal involves a long term concession comprising the design, construction, maintenance of 1,140 electric multiple carriages, to be leased to the franchised train operator on the Thameslink route.

Ashurst advised Joh. Berenberg Gossler & Co. KG ("Berenberg Bank") and BHF-BANK Aktiengesellschaft ("BHF-BANK") on the financing of the acquisition of Wback Group ("Wback") by SME-investor Halder Beteiligungsberatung GmbH ("Halder").

Wback, a leading manufacturer of hamburger and hot-dog buns for the food industry,  has been acquired  through a management buyout. In parallel to Halder as the new majority shareholder, the new management, led by Matthias Geißler and Dirk Hauer, will become a shareholder.

Allen & Overy LLP advised quirin bank AG as Lead Manager in connection with the issuance of 50,000,000 Euro non-secured 7.25% Fixed Rate Notes by German Pellets GmbH, Wismar.  The Notes have a principal nominal amount of 1,000 Euro and are due 2018.  The Notes were offered and sold by the issuer by way of a public offer to investors in Luxembourg, Germany and Austria and by quirin Bank AG by way of private placements outside the United States.  The Notes have been included in trading on the Bondm segment of the open market (Freiverkehr) of the Baden-Württemberg Stock

Global legal practice, Norton Rose Fulbright has advised RBC Europe Limited (trading as RBC Capital Markets) as broker and bookrunner on a placing by InternetQ plc of 3,448,400 new ordinary shares at a price of 290 pence per share, raising gross proceeds of approximately £10 million (€11.7 million).

The placing was announced on 2 July 2013 and admission of the new ordinary shares to trading on AIM occurred on 5 July 2013.

InternetQ is a leading provider of mobile marketing and digital entertainment solutions for mobile network operators and brands.