Davis Polk advised Telefónica, S.A. and Telefónica Emisiones, S.A.U. on the SEC-registered $500 million aggregate principal amount off-the-shelf notes offering by Telefónica Emisiones, S.A.U., guaranteed by Telefónica, S.A. The issuance constitutes a reopening of the 30-year notes issued by Telefónica Emisiones, S.A.U., guaranteed by Telefónica, S.A., in an amount of $2 billion, on March 8, 2017.
Ashurst advised Ondal Holding GmbH on the refinancing of its loans. The new loans were provided to the medical systems manufacturer by a debt fund of British finance investor Pemberton.
Ashurst advised Ondal Holding GmbH on the refinancing of its loans. The new loans were provided to the medical systems manufacturer by a debt fund of British finance investor Pemberton. The parties have agreed not to disclose the volume of the refinancing. Ondal is a portfolio company of Capvis funds advised by Swiss private equity firm Capvis Equity Partners AG (together Capvis).
Shearman & Sterling advised Piraeus Bank S.A., the largest financial group in Greece by assets, loans and deposits, on a series of bond exchange transactions with the European Financial Stability Facility (“EFSF”) and the European Stability Mechanism (“ESM”). This comprised of floating rate notes, potentially at a total face value of €13.1 billion, to be exchanged over a period of approximately one and a half years.
Herbert Smith Freehills has advised State Grid Corporation of China on its latest medium term multi-tranche bond programme, worth US$7.7 billion in total.
The first draw down under the programme raised US$5 billion last week, the largest G3 bond this year, and the largest bond issue ever by a Chinese State-owned enterprise.
Norton Rose Fulbright has advised its long standing client ADLER Real Estate AG (“ADLER Real Estate”) on the issuance of a EUR 150m tap issue over its existing € 350m 4.75 per cent Notes 2015/2020 under New York law increasing it to EUR 500m. The tap notes were placed with institutional investors by the Franco-German financing group ODDO BHF.
ADLER Real Estate AG is a listed real estate company which focuses on the formation and development of a substantial and highly profitable residential property portfolio in Germany.
Global law firm White & Case LLP has advised HSH Nordbank AG (HSH) on a complex structured finance transaction, which is backed by a diversified €3 billion loan portfolio.
Global law firm White & Case LLP has advised a bank syndicate led by Deutsche Bank AG and J. P. Morgan on a complex €1.35 billion refinancing of the Senvion group.
The refinancing includes a €400 million green high yield bond, a secured multicurrency revolving credit facility valued at €125 million and a €825 million secured multicurrency letter of guarantee facility. The high yield bond will be due in 2022 and has a 3.875 percent coupon rate. The bond is listed on the Irish Stock Exchange.
Global law firm White & Case LLP has advised a bank syndicate led by Deutsche Bank AG and J. P. Morgan on a complex €1.35 billion refinancing of the Senvion group.
The refinancing includes a €400 million green high yield bond, a secured multicurrency revolving credit facility valued at €125 million and a €825 million secured multicurrency letter of guarantee facility. The high yield bond will be due in 2022 and has a 3.875 percent coupon rate. The bond is listed on the Irish Stock Exchange.
Shearman & Sterling advised BofA Merrill Lynch, Credit Suisse, Santander and Wells Fargo Securities as joint bookrunners, in connection with an aggregate principal amount of $2.5 billion registered debt offering by Banco Santander S.A. through three tranches of notes: $1 billion 3.500% second ranking senior debt securities due 2022, $1 billion 4.250% second ranking senior debt securities due 2027 and $500 million second ranking senior floating rate debt securities due 2022.
LONDON, 27 April 2017 – Milbank, Tweed, Hadley & McCloy LLP has advised Morgan Stanley & Co. International plc, as Initial Purchaser, on €1,000,000,000 3.200% Senior Notes due 2025 issued by Spanish multinational pharmaceutical and chemical company, Grifols, S.A.
The new issuance is part of a broader transaction where Morgan Stanley & Co. International plc, as dealer manager and purchaser, purchased any and all of the outstanding 5.25% Senior Notes due 2022 issued by Grifols Worldwide Operations Limited, a subsidiary of Grifols, S.A.