Watson Farley & Williams (“WFW“) has advised a syndicate of banks on all maritime aspects of the refinancing, via high yield bond issues and senior secured credit lines, of Onorato Armatori S.p.A. (“Onorato”) and its subsidiaries Moby S.p.A. (“Moby”) and Compagnia Italiana di Navigazione S.p.A. (“CIN”). Moby and CIN are market leading Italian companies in the maritime passengers and Ro-Ro transportation sectors.
Clifford Chance advised the lenders to Saudi Electricity Company (SEC) on syndicated facilities to add over US$2 billion to SEC's revolving credit facilities, tapping domestic (Saudi riyal) and international (dollar) markets in two separate facilities.
We acted as counsel to Northern Horizon in a large finance arrangement where its Healthcare II fund signed a facility agreement with Nordea.
The C&S team included Partner Tero Tuomisto, Senior Associate Antti Rintakoski and Associate Riikka Mustonen.
Ashurst has advised Lundin Petroleum AB (Lundin Petroleum) on its entry into of a committed seven year senior secured revolving credit facility of up to US$5.0 billion, with an initial committed amount of US$4.3 billion.
Shearman & Sterling represented Citigroup Global Markets Inc. as joint lead arranger and joint book running manager in connection with Digital Realty Trust’s $3.55 billion global revolving credit facility and term loans. The combined facilities consist of a $2.00 billion dollar line of credit, a $1.25 billion five-year term loan and a $300 million seven-year term loan, for a total of $3.55 billion in facilities.
A London aviation finance team has completed the second DVB Airbus A320neo PDP financing. The team advised DVB Bank SE, London branch, on the second financing of pre-delivery payments (PDPs) due from Scandinavian Airlines (SAS) to Airbus in respect of five new A320neo aircraft being constructed under SAS' purchase agreement.
In the summer of 2014 we advised and assisted BW Offshore in relation to its new US$ 800 million ten year senior secured credit facility for its floating production, storage and offloading unit project for the Catcher oilfield in the UK sector of the North Sea. The facility is a combined construction and long term financing facility.
Shearman & Sterling advised Deutsche Beteiligungs AG on a €50 million revolving credit facility.
HDLT Holding SA purchased the La Tour group of hospitals in February 2013, partially by way of debt financing. In fall 2015, La Tour Hospital Group completed a refinancing of its existing debt and concurrently proceeded with the issuance of bonds listed on SIX Swiss Exchange for an aggregate amount of CHF 82 million. The restructuring of La Tour Hospital Group’s credit facilities and the issuance of the bonds contribute to the financing of the construction of a new medical building, which will almost double the size of the La Tour Hospital.
Ashurst advised a consortium comprising the Bayerische Landesbank, Commerzbank Aktiengesellschaft, Landesbank Baden-Württemberg, SEB AG and The Governor and Company of the Bank of Ireland on the refinancing and recapitalisation of the existing credit facilities of the cosmetic supplier GEKA Holding GmbH (GEKA). The banks provided GEKA with a total package of €95 million.