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Banking & Finance - Bank Lending/Credit Facilities

Dentons advises Metro Bank on the financing for further leisure sector investment by Aprirose

07 Aug 2018

London—Dentons has advised Metro Bank on providing funding to real estate investment company Aprirose to facilitate the acquisition of Wear Inns Limited, a pub group specialising in the acquisition and management of pub premises in Yorkshire and the North East of England.

The deal follows on from Aprirose's acquisition of a portfolio of 73 pubs from Mitchells & Butlers in summer 2017. Dentons also advised Metro Bank on providing funding for that purchase.

Ashurst advises lenders on €300m underwritten term and revolving facilities for Applegreen plc in connection with its acquisition of a majority stake in Welcome Break

04 Aug 2018

International law firm Ashurst advised NatWest Markets plc, Lloyds Bank plc and Ulster Bank Ireland DAC on €300 million underwritten term and revolving facilities for Applegreen plc, a major petrol forecourt retailer headquartered in Ireland, to be used to finance its proposed acquisition of a majority stake in Welcome Break and to refinance existing facilities.

WFW advises JX Nippon Mining & Metals on acquisition financing of H.C. Starck Tantalum & Niobium

04 Aug 2018

Watson Farley & Williams (“WFW”) has advised JX Nippon Mining & Metals Corporation on the financing by Mizuho Bank (Düsseldorf) of its acquisition of H.C. Starck Tantalum and Niobium GmbH. The seller was H.C. Starck GmbH, which is owned by funds managed by Advent International and The Carlyle Group.

Willkie Advises Mandated Lead Arrangers in FNG Acquisition

03 Aug 2018

The firm advised on the first lien financing for the Astorg-backed group, SGG’s acquisition of First Names Group from AnaCap Financial.

Willkie represented Deutsche Bank AG, London Branch, HSBC Bank plc, Jefferies Finance LLC, National Westminster Bank plc and Nomura International plc on the first lien financing for the Astorg-backed group, SGG’s acquisition of First Names Group from AnaCap Financial.

Allen & Overy NY Leveraged Finance team advises Lead Arrangers on $3.7 billion debt financing for Brookfield's acquisition of Westinghouse

03 Aug 2018

Allen & Overy advised the Lead Arrangers including Credit Suisse, Goldman Sachs, Bank of Montreal, Deutsche Bank, RBC Capital Markets and Credit Agricole in connection with a $3.7 billion debt financing package for Brookfield Business Partners' acquisition of Westinghouse Electric Company ("WEC"), a leading global provider of infrastructure services to the power generation industry.

Ashurst advises Idinvest on unitranche financing for the acquisition of r2p and Open Access

02 Aug 2018

Ashurst acted for European investor Idinvest Partners on a unitranche financing for the acquisition of r2p GmbH (r2p) and Open Access Pty Ltd (Open Access) by HQ Equita Beteiligungen V GmbH & Co. KG (HQ Equita), advised by HQ Equita GmbH. This transaction marks Idinvest Partners' forth private debt investment in Germany this year.

Biscuit International Group Acquires Arluy and Global Biscuits

01 Aug 2018

Cleary Gottlieb advised Biscuit International and Biscuit Holding, portfolio companies of Qualium Investissement, in connection with the financing of its acquisition of Arluy S.L.U. and Global Biscuits, S.L.U., two Spanish sweet biscuit producers and distributors, through Biscuit International (Ibérica), S.L., an off-the-shelf company previously acquired by Biscuit Holding and certain amendments to Biscuit Holding’s senior facilities agreement including a repricing thereof and reset of covenant.

Milbank Advises KAEFER on Bank/Bond Refinancing

31 Jul 2018

The international law firm Milbank, Tweed, Hadley & McCloy LLP has advised KAEFER Isoliertechnik GmbH & Co. Kommanditgesellschaft ("KAEFER") on a new comprehensive group financing, comprising a Reg S/Rule 144A high yield bond of € 250 million and a super senior revolving credit and multicurrency revolving letter of guarantee facility of € 480 million. Both instruments are governed by German law and secured by guarantees and collateral of the issuer and its subsidiaries.

Herbert Smith Freehills advises bank syndicate on financing for Philippine agribusiness deal

31 Jul 2018

Leading global law firm Herbert Smith Freehills has worked with foreign law alliance partner Prolegis to advise a bank syndicate on a US$338 million financing for a Philippine company's majority stake in one of Asia's largest agribusiness companies.

The syndicate – comprising DBS Bank, Mizuho Bank, MUFG Bank and Standard Chartered – provided financing for AEV International Pte Ltd, a subsidiary of the Philippines' Aboitiz Equity Ventures (AEV). AEV is the public holding company of the Aboitiz Group, one of the Philippines largest conglomerates.

Advising CHEPLAPHARM on successful capital market presence – new credit facilities for EUR 780 million

27 Jul 2018

With a Frankfurt-based team led by partner Thomas K. Schrell, business law firm HKLW advised Cheplapharm Arzneimittel GmbH on refinancing existing loans and promissory note loans.
 
The new credit facilities with a total volume of EUR 780 million were concluded with Deutsche Bank, HSBC, and Unicredit on the London capital market. Commerzbank, DZ Bank, and Santander additionally support the placement with international investors.