LONDON, 27 April 2017 – Milbank, Tweed, Hadley & McCloy LLP has advised S.P.C.M. SA (as "Issuer"), the holding company for SNF Group, in connection with its issuance of US$500 million 4.875% Senior Notes due 2025.

Proceeds from the new issuance were used to redeem the Issuer's existing US$250 million Senior Notes due 2022, to repay its senior revolving credit facility in full and for general corporate purposes.

Baker McKenzie has advised Barminco Finance Pty Ltd on the sale of US$350 million aggregate principal amount of 6.625% Senior Secured Notes due 2022 together with a senior secured A$100 million revolving credit facility and associated hedging agreements.

The Notes were sold to institutional investors in the United States and Asia and, following the closing on 26 April 2017, will be listed on the Singapore Exchange.

InternationalWatson Farley & Williams (“WFW”) has advised AIM-listed Chaarat Gold Holdings Ltd (“Chaarat Gold”) on its successful private placing of US$15m short term senior secured convertible loan notes.

Chaarat Gold is an exploration and development company whose main resource is the 7m ounce high grade Chaarat Gold Project in the Kyrgyz Republic. Its key objective is to become a low cost gold producer generating significant production from the development of the Chaarat Gold Project.

Jones Day represented Alcentra Limited and Northleaf Capital Partners, as second lien bondholders, in a unitranche bonds financing in connection with the recapitalization of a French leveraged buy-out for a major European private equity fund.

For additional information about this matter, please contact: Diane Sénéchal
Client(s): Alcentra Limited and Northleaf Capital Partners
Practice(s): Banking & Finance
Office(s): Paris

Global law firm White & Case LLP has advised private equity fund Altor Fund IV on the financing of the successful public cash offer with a total value of SEK 2.3 billion to the shareholders of Nasdaq Stockholm listed Transcom WorldWide AB. 

Transcom is a global customer experience specialist, providing customer care, sales, technical support and collections services. It has approximately 29,000 employees in 52 contact centres across 20 countries delivering services in 33 languages to international brands in various industry sectors.

Shearman & Sterling advised the placement agents J.P. Morgan and BNP Paribas in connection with Autodis S.A.’s (the “Issuer”) private placement of €80 million additional aggregate principal amount of its senior secured floating rate notes due 2022. The proceeds from the offering will be used to repay any amounts outstanding under a revolving credit facility, pay related fees and expenses and for general corporate purposes.

Shearman & Sterling advised the initial purchasers Goldman Sachs and Barclays, in connection with Travelodge’s £165 million offering of its senior secured floating-rate notes due 2023 issued by TVL Finance (the “Issuer”), an affiliate of Travelodge Hotels.

Mayer Brown advised PT Indika Energy Tbk, a leading integrated Indonesian energy group, on its recent issuance of US$265 million 6.875% senior notes due 2022. The transaction marked a strong return to the international bond markets for Indika Energy, and ratings agencies have positioned Indika Energy for ratings upgrades following the successful completion of the deal.

Global law firm White & Case LLP has advised Michelin on its US$100 million offering of non-dilutive convertible bonds due 2022, redeemable in cash only, to be assimilated to the non-dilutive convertible bonds issued on January 10, 2017.

The bonds, issued by Compagnie Générale des Etablissements Michelin, will not bear interest and the net proceeds of the issuance will be used for Michelin’s general corporate purposes.

Global law firm White & Case LLP has advised Saudi Arabian Oil Company (Saudi Aramco) on the establishment of its first Sukuk Issuance Programme (Programme) for the issuance of up to SAR 37.5 billion (US$10 billion) sukuk, and its debut SAR 11.25 billion (US$3 billion) Sukuk (Sukuk) issuance thereunder.