Cleary Gottlieb is acting as special product counsel to the initial purchasers, Goldman Sachs and Morgan Stanley, in Intelsat S.A.’s Rule 144A offering of $402.5 million of its 4.50 percent convertible senior notes due 2025.

The offering (including exercise in full of the initial purchasers’ option to purchase additional notes) closed on June 18, 2018.

Intelsat operates the world’s largest satellite services business, providing a critical layer in the global communications infrastructure.

Global law firm White & Case LLP has advised Absa Bank Limited (acting through its Corporate and Investment Banking Division), as exclusive mandated lead arranger, sole underwriter and sole hedge provider, on the R6.6 billion financing for Mainstream Renewable Power's two wind projects in the Northern Cape and Western Cape provinces in South Africa.

Global law firm White & Case LLP has advised BNP Paribas, J.P. Morgan, Erste Group, ING, MUFG and Société Générale Corporate & Investment Banking, as joint lead managers, on a €500 million hybrid bond issue by OMV Aktiengesellschaft (OMV) with an initial fixed interest rate and interest adjustment.

The Primonial group, on behalf of a managed vehicle bringing together institutional investors, announced that it has entered into exclusive negotiations in order to take a     50% participation in a healthcare real estate portfolio in Germany, owned by Medical Properties Trust (REIT). The property complex, made up of 71 healthcare facilities, is valued at more than 1.635 billion euros.

Completion of the transaction is subject to conditions precedent and is expected to occur during the third quarter of 2018.

Cleary Gottlieb has acted as international counsel to Citigroup, Carnegie Investment Bank, Erste Group, Swedbank, and LHV as underwriters in the initial public offering of the ordinary shares of Aktiaselts TALLINNA SADAM, the Port of Tallinn, and listing on the Baltic Main List of the Nasdaq Tallinn Stock Exchange.

Latham & Watkins has advised the underwriters, led by Morgan Stanley and J.P. Morgan as Joint Global Coordinators and Joint Bookrunners, and ABN AMRO, BofA Merrill Lynch, and Citigroup as Joint Bookrunners, on the €947 million initial public offering of Adyen N.V.

Osborne Clarke has advised PartnerFonds AG on the off-exchange 44% acquisition of publicly listed Blue Cap AG from the founder and former major shareholder Dr Hannspeter Schubert. Schubert will now become the largest shareholder of PartnerFonds AG overseeing the successful growth of Blue Cap AG and its portfolio companies.