Norton Rose Fulbright has advised the global co-ordinators and joint lead managers on the issuance by MAF Global Securities Limited of Reset Subordinated Perpetual Notes, guaranteed by Majid Al Futtaim Holding LLC and Majid Al Futtaim Properties LLC. The notes were rated BB+ and received a 50% equity credit by both Standard & Poor's and Fitch.
Norton Rose Fulbright has advised Albaraka Turk Katilim Bankasi A.S. in connection with a consent solicitation made to the holders of the outstanding US$200,000,000 Tier 2 Trust Certificates due 2023 (the "Certificates").
Allen & Overy LLP has advised the syndicated lenders and the agent, a subsidiary of Commerzbank Aktiengesellschaft, on the successful refinancing of the BARTEC Group. The world market leader in explosion protection based in Bad Mergentheim, Germany, came to an agreement with its lenders on the restructuring of the overall financing.
Shearman & Sterling advised Naviera Armas, S.A. (the “Issuer”), a subsidiary of Bahía de las Isletas, S.L., in connection with its offering of €50 million additional aggregate principal amount of floating rate senior secured notes due 2023. The offering, which was conducted as a private offering pursuant to Regulation S under the US Securities Act, closed on March 6, 2017. The notes are guaranteed on a senior secured basis by Bahía de las Isletas, S.L. and certain of its subsidiaries.
Clifford Chance has advised Majid Al Futtaim Holding LLC (Majid Al Futtaim) in relation to the issuance of US$500 million reset subordinated perpetual notes (the Notes) by MAF Global Securities Limited, irrevocably guaranteed on a joint and several basis by Majid Al Futtaim and Majid Al Futtaim Properties LLC.
Davis Polk advised the underwriters in connection with an SEC-registered Schedule B debt offering by The Korea Development Bank of $500 million aggregate principal amount of its floating-rate notes due 2020, $500 million aggregate principal amount of its floating-rate notes due 2022 and $500 million aggregate principal amount of its 2.625% notes due 2022.
Advising the international commodities group, Louis Dreyfus Company on the issue of its €400 million, 4.00% senior bonds due 2022. The bonds are listed on the Luxembourg Stock Exchange’s regulated market.
BNP Paribas, Crédit Agricole CIB, Credit Suisse and HSBC acted as joint lead managers on the bond issue.
Simpson Thacher recently represented the underwriters, for whom Morgan Stanley & Co. LLC and MUFG Securities Americas Inc. acted as representatives, in connection with the offering by Mitsubishi UFJ Financial Group, Inc. (“MUFG”) of $500 million of Floating Rate Senior Notes due 2022, $1 billion of 2.998% Senior Notes due 2022 and $1 billion of 3.677% Senior Notes due 2027. The offering was made pursuant to MUFG’s shelf registration statement on Form F-3 under the Securities Act.
Dentons assisted Matis S.p.A., a company operating in the real estate sector, on the restructuring of its debt through an agreement with Aareal Bank, and a recovery plan based on the Italian Bankruptcy Law. The value of the deal amounted to approx. €40 million.
Senior Counsel Cristian Fischetti led the deal.
Matis owns a first class property located in Verona and named “Palazzo delle Poste”.
Herbert Smith Freehills is pleased to be advising Commonwealth Bank of Australia (CBA) on its issue of CommBank PERLS IX Capital Notes to raise approximately A$1.45 billion (with the ability to raise more or less) announced on 20 February 2017.
CBA is one of Australia’s leading providers of integrated financial services including retail, business and institutional banking, funds management, superannuation, life insurance, general insurance, broking services and finance company activities.