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Banking & Finance - Capital Markets: Debt

Simpson Thacher Represents JPMorgan in $550 Million of Financing to NICE Systems, Including Financing in Connection with NICE Ltd.’s Acquisition of inContact, Inc.

15 Nov 2016

The Firm represented JPMorgan Chase Bank, N.A. in connection with $475 million of term loan financing and $75 million of revolving credit financing to NICE Systems Inc. in connection with NICE Ltd.’s announced acquisition of inContact, Inc.

NICE Ltd. is the worldwide leading provider of both cloud and on-premise enterprise software solutions. inContact, Inc. is a cloud contact center software leader.

King & Wood Mallesons advises China Nuclear Engineering Group Co. on dim sum bond issue

15 Nov 2016

King & Wood Mallesons (KWM) has advised China Nuclear Engineering Group Co. (CNEC), a PRC state-owned enterprise under the direct supervision of the State-owned Assets Supervision and Administration Commission of the State Council of China (SASAC), on its debut bond offering in the international capital markets.

Shearman & Sterling Advises Merrill Lynch International, Barclays Bank, Jefferies International and Morgan Stanley on $300 Million and €500 Million High Yield Bond Offering

15 Nov 2016

Shearman & Sterling represented Merrill Lynch International, Barclays Bank PLC, Jefferies International Limited and Morgan Stanley & Co. International plc as initial purchasers in a high yield bond offering of US$300 million senior secured notes due 2021 and €500 million senior secured notes due 2021 issued by Codere Finance 2 (Luxembourg) S.A. The offering, which was conducted pursuant to Rule 144A and Regulation S under the US Securities Act, closed on November 8, 2016.

Shearman & Sterling Advises Merrill Lynch International, Barclays Bank, Jefferies International and Morgan Stanley on $300 Million and €500 Million High Yield Bond Offering

15 Nov 2016

Shearman & Sterling represented Merrill Lynch International, Barclays Bank PLC, Jefferies International Limited and Morgan Stanley & Co. International plc as initial purchasers in a high yield bond offering of US$300 million senior secured notes due 2021 and €500 million senior secured notes due 2021 issued by Codere Finance 2 (Luxembourg) S.A. The offering, which was conducted pursuant to Rule 144A and Regulation S under the US Securities Act, closed on November 8, 2016.

Shearman & Sterling Advises Together on Its £220 Million Senior PIK Toggle Notes Offering

11 Nov 2016

Shearman & Sterling advised Bracken Midco1 plc (the “Issuer”) on the offering of its £220 million aggregate principal amount of 10.5%/11.25% senior PIK toggle notes due 2021. The notes issued in connection with the exit of minority investors in Jerrold Holdings Limited (“Together” or the “Company”) are secured by a share pledge of the share capital of Bracken Midco2 Limited, which holds all of the voting stock of the Company and certain intercompany indebtedness.

KWM advises the trustees on the first China green covered bonds issue

10 Nov 2016

King & Wood Mallesons (KWM) has advised HSBC as trustee and security trustee in Bank of China’s inaugural green covered bond offering of US$500 million 1.875 per cent due 2019 to be listed on the London Stock Exchange.

The landmark transaction is the first international issue by a Chinese entity that is secured by domestic green bonds traded on the China interbank bond market, proceeds from which are used to fund eligible green projects in renewable energy, pollution prevention and control, clean transportation, and sustainable water management.

White & Case Advises Atlantia on the Establishment of €3 Billion EMTN Programme

10 Nov 2016

White & Case LLP has advised Atlantia S.p.A. on the establishment of its €3 billion Euro Medium Term Note Programme.

The base prospectus for the programme was approved by the Central Bank of Ireland and the Irish Stock Exchange.

The White & Case team which advised on the transaction was led by partners Michael Immordino (Milan & London), Ferigo Foscari and local partner Paul Alexander (both Milan) together with associates Louise Ruggiero and Davide Diverio (both Milan).