Davis Polk advised Banco de Bogotá S.A. in connection with a reopening of $500 million aggregate principal amount of its 6.250% subordinated notes due 2026, pursuant to Rule 144A and Regulation S under the Securities Act of 1933.
White & Case LLP has advised EQUATE Petrochemical K.S.C.C. (EQUATE) and the Kuwait Olefins Company K.S.C.C. (TKOC) on the establishment of their inaugural US$4 billion Global Medium Term Note Programme and the issuance thereunder by EQUATE Petrochemical B.V. of US$2.25 billion of notes in aggregate which are guaranteed by EQUATE and TKOC.
Shearman & Sterling advised Roast Market, a leading provider of online coffee products, on two financings. With the successful closing of the business angel financing, Roast Market’s financing volume far exceeds €1 million for 2016. Roast Market will invest in the areas of product, service and brand as part of its market expansion.
Shearman & Sterling advised J.P. Morgan, Citigroup and Eurobank on WIND Hellas’ high yield bond offering, the first such offering after the company’s debt restructurings in 2009 and 2010. The offering comprised €250 million, 10% senior secured notes due 2021 issued by WIND Hellas’s direct parent, Crystal Almond S.à r.l. The proceeds of the offering will be used to refinance existing indebtedness of the WIND Hellas group, to pay fees and expenses related to the offering and for general corporate purposes, including capital expenditure investments.
Slaughter and May advised FIL Limited on the issuance of €400,000,000 2.50 per cent. bonds maturing in 2026.
The bonds have been listed on the Official List of the Luxembourg Stock Exchange and admitted to trading on the Euro MTF market.
Conyers Dill & Pearman Limited advised FIL Limited as to Bermudan law.
Contacts
Financing: Ed Fife (partner), James Broom (associate), Kevin Howes (associate); Tax: Tony Beare (partner), Tanja Velling (associate)
Cravath represented the initial purchasers, Deutsche Bank, UniCredit Bank, Goldman Sachs International and BNP Paribas, in connection with the EU570 million 144A/Reg. S high-yield senior secured fixed and floating rate debt offering of SNAI S.p.A., a leader in the Italian gaming and betting market. The notes are listed on the Luxembourg Stock Exchange. The transaction closed on November 7, 2016.
The Cravath team included partner Philip J. Boeckman and associates Paolo Bernasconi, Giorgio Ignazzi and Maurio A. Fiore.
Linklaters has advised Bank of China on the establishment of its US$5bn China Covered Note Programme and the initial offering by Bank of China London Branch of US$500m China Green Covered Bonds due 2019 to be listed on the London Stock Exchange (the “Notes”).
Osborne Clarke has advised Investec Bank plc in its capacity as sponsor and financial adviser to Regus plc in connection to its proposed establishment of a new holding company and headquarters move to Switzerland.
The transaction involves a scheme of arrangement of Regus, the leading global workplace provider, to interpose a new holding company, IWG plc, which will be listed on the premium listing segment of the Official List. The market capitalisation of IWG plc is likely to be c.£2.2 billion.
The Freshfields team was led by partners Calvin Lai and Andrew Heathcote
White & Case LLP has advised Société Générale as global coordinator, lead co-arranger and dealer, Deutsche Bank, J.P. Morgan and PKO Bank Polski as co-arrangers and dealers, and Landesbank Baden-Württemberg as dealer, on the establishment by PKO Bank Hipoteczny S.A., a subsidiary of PKO Bank Polski, of a €4 billion international covered bond issuance programme, and the issue of €500 million covered bonds thereunder.