Hogan Lovells London-based trade and commodity finance team has advised Deutsche Bank on a €250m working capital facility for NLMK Europe Plate Division.

Hogan Lovells advised Deutsche Bank as co-ordinating mandated lead arranger, bookrunner and agent on the €250m revolving collateralised credit facility which is guaranteed by OJSC Novolipetsk Steel (NLMK) and made available to group company borrowers in Belgium and Italy.

White & Case LLP has advised a group of Chinese and international banks on facilities of around €1.29 billion for Sailing Investment Co, S.a r.l, wholly-owned by Shanghai Jinjiang International Hotels Development Company Limited, the Shanghai-listed Chinese hospitality management company which is a subsidiary of Chinese state-owned Jin Jiang International Holdings Co., Limited.

The facilities support Jin Jiang International's €1.29 billion acquisition of Europe's second largest hotel chain, Groupe de Louvre (Louvre Hotels Group), from Starwood Capital.

Ashurst advised Intermediate Capital Managers Limited as lender on the increase of facilities made available to the JAC Travel Group, owned by the European private equity firm Vitruvian Partners, for the purpose of the acquisition of the TotalStay Group by Sebco Financing Limited.

The Ashurst team was led by finance partner Helen Burton, assisted by senior associate Laura Ho and solicitor Emma Sandall. Senior associate Vitaly Shmakov advised on the corporate aspects of the transaction. The Hong Kong team was led by partner Doo-Soon Choi and associate Nikki Chong.

Milbank has advised Korea Trade Insurance Corporation (“K-sure”), HSBC Bank plc as the ECA arranger and the facility agent, and the participating commercial banks in a US$750 million facility for Reliance Jio Infocomm Limited (“Reliance Jio”).  Reliance Jio is an Indian internet provider who is constructing a pan India telecom infrastructure to provide fourth generation 4G LTE TDD high speed wireless internet and mobile communication services which is to be launched in 2015.  The facility is guaranteed by Reliance Industries Limited and comprises a K-sure c

Ashurst advised long-standing client Atlantis Resources Limited ('Atlantis Resources'), a global leader in the tidal power sector, on the acquisition of the Bristol-based tidal business, Marine Current Turbines Ltd ('MCT'), from Siemens AG in an all share deal. Ashurst also advised Atlantis Resources on a loan package to be provided by leading Scottish energy services contractor Global Energy Group to finance the on-going working capital requirements. The acquisition and financing are conditional upon certain conditions precedent being satisfied.

Macfarlanes has advised Hayfin in relation to a facility with Essex Bidco, an English company backed by Essex Woodlands Fund IX L.P., in order to finance the acquisition of a number of pharmaceutical products and medical devices from Jazz Pharmaceuticals.

As part of the acquisition, Essex Bidco Ltd also acquired the EUSA Pharma brand and will trade under this name.

The Macfarlanes team was led by banking and finance partner Andrew Perkins.  Partner Malcolm Walton advised on the pharmaceutical aspects of the deal.

Shearman & Sterling has advised Equistone Partners Europe (“Equistone”) on the financing of the acquisition of SportGroup, one of the world’s leading providers of artificial turf systems and other synthetic floor coverings for sports and leisure. The seller is Sweden-based private equity firm IK Investment Partners. Completion of the transaction is subject to competition clearance. The terms of the transaction are confidential.

Hogan Lovells London-based banking team has advised the lenders on the £150m acquisition by property search website Zoopla of price comparison website uSwitch.

Hogan Lovells advised HSBC Bank plc, Barclays Bank plc, The Royal Bank of Scotland plc and Lloyds Bank plc as Mandated Lead Arrangers and Original Lenders on an unsecured revolving credit facility for the purchase of uSwitch.

Hill Dickinson has acted for Lloyds Bank plc on a £20m funding facility for communications specialists, Elitetele.com plc.   

Based in Chorley and founded in 2000, Elitetele.com is a business telecoms and communications provider with customers spanning a wide range of sectors including hospitality and travel.

Norton Rose Fulbright has advised the lenders on the refinancing of credit facilities to PacificLight Group (a consortium comprising First Pacific, Meralco and Petronas) towards the operation of a power project on Singapore’s Jurong Island.

The 781 MW combined cycle project is one of the first merchant power plants in Asia to be developed by an independent power producer, and sells electricity to the Singapore market. The power plant achieved practical completion in January 2014 and receives re-gasified LNG from the new LNG terminal on Jurong Island, Singapore.