Global law firm White & Case LLP has advised Banco BPM S.p.A. on the update of its €25 billion Euro Medium Term Note Programme.

The programme was amended to allow the bank to issue Senior Non-Preferred Notes and in order to comply with European banking regulations regarding the minimum requirement for own funds and eligible liabilities (MREL). The Notes issued under the programme will be listed on the Luxembourg Stock Exchange and offered and sold pursuant to Regulation S under the Securities Act.

Milbank, Tweed, Hadley & McCloy LLP has advised J.P. Morgan and Danske Bank as initial purchasers in connection with the issuance of €275 million 5.00% Senior Secured Notes due 2025 by Kongsberg Actuation Systems B.V.

The proceeds of the bond issuance will be used to repay amounts outstanding under an existing revolving credit facility. Milbank also advised J.P. Morgan and Danske Bank in their capacity as Lead Arrangers on the entering into a super senior revolving credit facility.

Davis Polk advised the joint lead arrangers and joint bookrunners and the administrative agent in connection with a $2 billion unsecured revolving facility to be provided to The Sherwin-Williams Company. The facility will be used for general corporate purposes, including the financing of working capital requirements.

Freshfields Bruckhaus Deringer (‘Freshfields’) has advised China International Capital Corporation Hong Kong Securities Limited and Credit Suisse (Hong Kong) Limited, the joint sponsors and joint representatives of the underwriters in the listing of shares of E-House (China) Enterprise Holdings Limited (‘E-House’) on the Main Board of the Hong Kong Stock Exchange (‘HKSE’). The total offer value is approximately US$597m (before the exercise of the over-allotment option). Trading of the shares commenced today (20 July 2018).

Cravath represented the European Investment Bank in connection with its $4 billion registered notes offering. The European Investment Bank, which functions as the bank of the European Union, supports projects that make a significant contribution to growth, employment, economic and social cohesion and environmental sustainability, both in the EU and beyond. The notes were listed on the Luxembourg Stock Exchange. The transaction closed on July 17, 2018.

Willkie acted for the creditors in relation to a €65 million cov-lite second lien facility backing Astorg’s acquisition of Dutch group IGM Resins from Arsenal Capital Partners.

The Firm represented the underwriters in the initial public offering and Regulation S offering by Fusen Pharmaceutical Company Limited (“Fusen Pharmaceutical”). Fusen Pharmaceutical offered an aggregate of 200,000,000 Shares (prior to the exercise of the overallotment option), which raised HK$416 Million (US$53.3 Million) in gross proceeds. The shares of Fusen Pharmaceutical are listed on the Hong Kong Stock Exchange. China Securities (International) Corporate Finance Company Limited acted as the sole sponsor.