Davis Polk is advising Lazard & Co., Limited as sponsor to Vedanta Resources plc on the acquisition by its Indian listed subsidiary, Vedanta Limited, of Electrosteel  Steels Limited pursuant to a corporate insolvency resolution process implemented by way of the Indian Insolvency and Bankruptcy Code 2016. The State Bank of India initiated insolvency proceedings against a number of Indian companies including Electrosteel in a bankruptcy court in June 2017.

Global law firm White & Case LLP has advised Gamenet Group S.p.A. on the issuance of its €225 million high yield Senior Secured Guaranteed Floating Rate Notes due 2023.

The notes have been listed on the Luxembourg Stock Exchange and offered and sold pursuant to Rule 144A and Regulation S under the Securities Act. A portion of the proceeds has been used to redeem Gamenet's existing €200 million Senior Secured Guaranteed 6% Notes due 2021.

Ashurst advised HSBC, Rabobank and RBS as lenders on a new revolving credit facility for Finsbury Food Group, a leading speciality bakery manufacturer, producing a diverse range of cakes, bread and bakery snack products for multiple major UK retailers and for the foodservice channel. The new £45 million revolving credit facility is on improved terms and has a maturity of five years.

The new facility has been put in place to refinance several existing debt facilities and provides flexibility of use to promote the Group's growth objectives.

International law firm Clifford Chance has advised an international banking consortium led by Commerzbank AG, ING Bank, a branch of ING-DiBa AG, Landesbank Baden-Württemberg and UniCredit Bank AG (the latter also as documentation agent) in an IPO syndicated loan financing for publishing group Springer Nature AG & Co. KGaA (formerly Springer Nature GmbH).

The credit facilities made available have a volume of approximately EUR 1.6 billion and approximately USD 848 million respectively.

Davis Polk is advising Comcast Corporation in connection with its £22 billion ($30 billion) pre-conditional cash offer to acquire the entire share capital of Sky plc. Under the terms of Comcast’s offer, the key terms of which were announced in a possible offer announcement on February 27 2018, Sky shareholders will receive £12.50 in cash for each share. The offer, intended to be implemented as a tender offer with a 50% plus one share acceptance condition, is subject to regulatory and antitrust approvals and other customary conditions.

Allen & Overy represented Credit Suisse as lead arranger in connection with the $250 million acquisition financing for the Jersey-based European exchange-traded commodity, currency and short-and-leveraged business of ETF Securities by WisdomTree Investments, Inc. (NASDAQ: WETF). The financing consists of a $200 million term loan A and a $50 million revolving credit facility.

BUCHAREST - RTPR Allen & Overy has advised the syndicate of banks made up of ING Bank N.V. through ING Bank N.V. Amsterdam.

Bucharest Branch, Banca Comerciala Romana, Raiffeisen Bank SA and UniCredit Bank SA in relation to a credit facility in amount of USD 360 million granted to KMG International group for covering the regular needs in the group activity.
 

Clifford Chance acted as New York counsel to the Colombian development bank Financiera de Desarrollo Nacional S.A. ("FDN") (as lender) in connection with the structuring and negotiation of a New York law-governed COP600 billion (approx. US$220 million) loan facility to the Inter-American Investment Bank ("IDB") and the Inter-American Investment Corporation ("IDB Invest").

Leading international law firm Clifford Chance has fielded a cross border team to advise BNP Paribas, HSBC Bank plc, The Bank of Tokyo-Mitsubishi UFJ, Ltd., a member of the Mitsubishi UFJ Financial Group and Santander UK plc as Active Bookrunners in the syndication of Glencore's refinancing of its Short-term Revolving Credit Facilities. This refinancing has increased the size of the facilities from US$7.335 billion to US$9.085 billion, with final maturity to occur in May 2020.

Clifford Chance is acting as the buy-side legal advisor on the proposed AED1 billion acquisition of the entire issued share capital of Byrne Equipment Rental LLC and its subsidiaries (Byrne Group).