Cravath represented the European Investment Bank in connection with its US$3 billion registered debt offering. The European Investment Bank, which functions as the bank of the European Union, supports projects that make a significant contribution to growth, employment, economic and social cohesion and environmental sustainability, both in the EU and beyond. The notes were listed on the Luxembourg Stock Exchange. The transaction closed on February 14, 2017.

The Athens office of international law firm Watson Farley & Williams (“WFW”) has advised Greek-listed Grivalia Properties REIC (“Grivalia”), on a long-term €50m loan facility from the International Finance Corporation (“IFC”), a part of the World Bank Group. This is one of first long-term finance transactions undertaken by IFC in Greece since it re-engaged with the country in 2015.

Osborne Clarke has advised NatWest Bank, part of the RBS group, on its £51.5m loan facility to the Welsh Government and Celtic Manor resort in Wales for a brand new international convention centre, ICC Wales.

The joint venture company will construct and manage the new convention centre as a 50/50 partnership between Welsh Government and Celtic Manor Resort, the golf, spa and leisure hotel resort in Newport, South East Wales.

Davis Polk advised IHS Markit Ltd. and certain of its subsidiaries in connection with a $500 million 364-day term loan incurred by Markit Group Holdings Limited (a wholly-owned subsidiary of IHS Markit) and guaranteed by IHS Markit and certain of its subsidiaries.  The proceeds of the term loan will be used to repay certain outstanding revolving loans and for other general corporate purposes of IHS Markit and its subsidiaries.

Global law firm White & Case LLP has advised the bank syndicate comprising J.P. Morgan, as Sole Structuring Agent, and Citigroup, Crédit Agricole CIB, HSBC, Morgan Stanley and Société Générale, on Groupama's offer to exchange any and all of its €1 billion undated deeply subordinated notes issued in 2007 and a portion of its senior €750 million subordinated notes issued in 2009.

Travers Smith LLP has advised the Azzurri group on a significant upsizing of their senior debt facilities, which included the addition of £45m of new commitments to refinance existing shareholder debt accompanied by a substantial term-out of amortising senior facilities. 

 The Azzurri Group is a market leader in the Italian casual dining sector, operating ASK Italian, Zizzi, Coco di Mama and Radio Alice.   The group employs nearly 6,000 people and operates over 250 restaurants and shops.

A team of Squire Patton Boggs lawyers has played a key role in assisting airport concessionaire Aeropuertos Dominicanos Siglo XXI (Aerodom) with the refinancing of US$533 million through a notes offering under Rule 144 A/Reg S and syndicate loan, which is believed to be the largest refinancing transaction for a company based in the Dominican Republic.

Ashurst advised RPC Group plc, a leading UK FTSE-250 plastic products design and engineering company for packaging and selected non-packaging markets, on a US$750m bridge term loan facility to be used to part fund the consideration payable in connection with the proposed acquisition of the Letica Group, a leading North American manufacturer and distributor of rigid plastic packaging and foodservice products serving building and construction, foodservice, food, chemical and retail end markets.

Davis Polk advised Rumo Luxembourg S.à r.l., as issuer, and Rumo S.A., as guarantor, in connection with Rumo Luxembourg’s $750 million offering of 7.375% senior notes due 2024, which were issued pursuant to Rule 144A and Regulation S under the Securities Act.

Based in Brazil, Rumo is the largest intermodal logistics operator in Latin America, focusing on rail transportation, warehousing, operation of terminals and other logistics services.

Sidley represented CFLD International Holdings Limited (CFLD) in its borrowing of US$100 million from China CITIC Bank International Limited. This transaction was CFLD’s first financing related to the “Belt and Road Initiative” which is a significant development strategy launched by the Chinese government with the intention of promoting economic cooperation among countries along the proposed Belt and Road routes.

CFLD is one of the leading new industrial city operators in China.