Ashurst advised J.P. Morgan and BofA Merrill Lynch as financial advisers to US investment firm Royalty Pharma on the cash offer for the entire issued and to be issued share capital of pharmaceutical group Elan Corporation plc.
The offer price is up to US$12 per Elan share including each Elan share represented by an Elan ADS, dependent on the outcome of a Dutch auction.
Clifford Chance and Al Jadaan & Partners Law Firm has advised Saudi Fransi Capital Limited (the Saudi affiliate of Crédit Agricole Corporate and Investment Bank) in relation to the issuance of SAR1.3 billion sukuk al-ijara due 2015 by SBG Sukuk Limited. The sukuk were priced at 170 basis points over 3 months SAIBOR and have a 2.5 year tenor, with a call option.
Linklaters has advised The Green Deal Finance Company (TGDFC) on its establishment and financing agreements.
The initial fundraising programme successfully closed this week. It includes £65 million of subordinated financing from key stakeholders in TGDFC, including industry participants, together with financing from the Department of Energy and Climate Change (DECC) and a senior finance facility of £125 million from the UK Green Investment Bank.
Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised Deutsche Bank AG, London Branch and Deutsche Bank Luxembourg S.A. as sole lead arranger and lender on the project financing of a new 19MW biomass project in Beckton, East London.
Herbert Smith Freehills has acted as international counsel to Citigroup Global Markets Limited and Standard Chartered Bank as joint lead managers and bookrunners, and BT Bahana Securities as co-manager on PT Bank Rakyat Indonesia (Persero) Tbk's (BRI) US$500 million 2.95% notes (the Notes) due 2018 which were listed on the Singapore Stock Exchange.
Herbert Smith Freehills' affiliate firm, Hiswara Bunjamin & Tandjung (HBT) advised the joint lead managers and the co-manager as to the matters of Indonesian law.
Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised DNB Bank ASA, on behalf of the syndicate of lenders, on a US$1.35bn senior secured credit facility to the Ocean Rig group.
Ashurst advised a banking consortium comprising DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, Bremer Landesbank Kreditanstalt Oldenburg (Girozentrale), Deutsche Apotheker- und Ärztebank eG, KBC Bank Deutschland AG and NIBC Bank N.V. in connection with the add-on financing in order to acquire Peter Janssen-Group by Munich nursing home operator Silver Care Group. All members of the banking consortium acted as lenders and arrangers. With regard to the add-on financing, DZ Bank acted as agent and collateral trustee.
Law Firm Supports Bank In Latest Deal
The Sheffield office of law firm Irwin Mitchell has advised on a deal which has seen Yorkshire-based printer Acorn Web Offset being acquired by its management team.
Acorn specialises in magazine, brochure and catalogue printing and generates a turnover of approximately £15 million a year. It employs around 100 people at its Normanton-based premises.
Herbert Smith Freehills advised Pepper Australia Pty Limited (“Pepper”) on its acquisition and financing of a A$250 million small balance commercial mortgage loan portfolio from a major international lender as Pepper expands its specialised lending capabilities into a new asset class.
A team of HFW lawyers, led by Partner David Brookes, has advised Pareto Securities AS, as bond managers, and Norsk Tillitsmann ASA, as bond trustee, on a US$575m Norwegian high yield bond issued by Sea Trucks Group Limited.