Led by their Frankfurt-based partner Michael Schlitt Hogan Lovells advised Repower AG on the issue of promissory notes, in the total amount of EUR 50 million.

The promissory notes were issued by Repower on 23 January 2017, were divided into two tranches with terms of 7 and 8 years and with a fixed rate of interest. Lead arranger and structurer of the transaction was ING Bank, a branch of German bank ING-DiBa AG.

Hogan Lovells Team for Repower AG:

Prof. Dr. Michael Schlitt (partner), Dr. Susanne Lenz (counsel, Capital Markets);

White & Case LLP has advised Atlantia on the inaugural issuance of €750 million 1.625 percent notes due 2025 under its €3 billion Euro Medium Term Note Programme, which was established in October 2016.

The Notes have been listed on the Irish Stock Exchange. Banca Akros S.p.A. Gruppo Banco BPM, Banca IMI S.p.A., Crédit Agricole Corporate and Investment Bank, Goldman Sachs International, J.P. Morgan Securities plc, Mediobanca – Banca di Credito Finanziario S.p.A. and Merrill Lynch International acted as joint lead managers.

Shearman & Sterling advised Together Financial Services Limited (formerly, Jerrold Holdings Limited) on the offering by its wholly owned subsidiary, Jerrold FinCo plc (the "Issuer"), of its £200 million aggregate principal amount of 6 1/8 % senior secured notes due 2024 under an indenture dated February 22, 2017. The notes are guaranteed by Together Financial Services and all of its subsidiaries other than the Issuer and certain dormant and non-material subsidiaries.

Allen & Overy has advised Barclays, Citi, J.P. Morgan and Standard Chartered Bank (as dealer managers and joint lead managers) on a debt refinancing transaction for Vedanta Resources, one of the world’s largest diversified natural resources companies.

Santhera Pharmaceuticals Holding Ltd successfully placed CHF 60 million 5.00% convertible bonds due 2022. The convertible bonds will mature on 17 February 2022 at 100% of their principal amount unless previously redeemed, converted or repurchased and cancelled. The terms of the convertible bonds provide for a reset of the conversion price if the average share price during a period immediately prior to the first anniversary of the issue date falls below a reference share price. Bank am Bellevue AG and Kepler Cheuvreux SA acted as Joint Bookrunners in this transaction.

Shearman & Sterling represented the underwriters in connection with Novartis Capital Corporation’s registered shelf takedown of $1 billion 1.800% notes due 2020, $1 billion 2.400% notes due 2022 and $1 billion 3.100% notes due 2027. All tranches of notes were fully and unconditionally guaranteed by Novartis AG. The underwriters included Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co.

On Friday February 17, 2017, Banque Centrale de Tunisie, acting on behalf of Tunisia, issued its €850 million 5.625% Notes due 2024. Banque Centrale de Tunisie was advised by a London-based team from Dechert LLP consisting of Camille Abousleiman, Patrick Lyons, Jennifer Buckett and Chelsea Fish.

Dechert has advised in connection with all Eurobonds issued by Banque Centrale de Tunisie since 2012. This transaction continues Dechert’s leading practice in the representation of sovereigns from the Middle East and North Africa region.

Axovant Sciences (NYSE: AXON), a leading clinical-stage biopharmaceutical company focused on the treatment of dementia, entered into a $55.0 million debt financing agreement with Hercules Capital, Inc. (NYSE: HTGC) ("Hercules"), a leader in customized debt financing for companies in life sciences and technology-related markets.

VISCHER advises Axovant in this financing in Swiss law matters, the team consists of Dr. Adrian Dörig (Partner, Corporate), Christoph Niederer (Partner, Tax), Dania Salvisberg (Senior Associate, Corporate) and Ruben Masar (Associate, Corporate).

International law firm Simmons & Simmons has acted for Lynx Resources on the $75m debt raise for the SASA zinc, lead and silver mine in the Republic of Macedonia, financed by leading project finance lenders Société Générale and Investec and Macedonian lender Ohridska Banca.
The project has since been recognised by Trade & Forfaiting Review as one of their Deal of the Year winners for 2016 and has also been shortlisted for the IFLR European Awards 2017 as Project Finance Deal of the Year.

Jones Day advised a syndicate of lenders led by Banco Sabadell and Bankia in connection with the debt restructuring of the Spanish entity Grupo Seguriber which included advancing new money and creating a quasi equity instrument.

For additional information about this matter, please contact: Juan Ferré
Client(s): Banco Sabadell, S.A.; BBVA; Bankia; Deutsche Bank; Banco Santander, S.A.; Bankinter, S.A.; and Cajamar
Practice(s): Banking & Finance, Business Restructuring & Reorganization
Office(s): Madrid