Gide has advised Gecina on its tender offer on three series of notes due respectively in 2019, 2021 and 2023. Simultaneously to this buyback, Gecina issued EUR 500 million 1.00 per cent. notes due in 2029 and admitted to trading on the regulated market of Euronext Paris.
Gide’s team was led by Arnaud Duhamel (partner), assisted by Laurent Vincent, Aude-Laurène Dourdain and Louis Ravaud.
GSK Stockmann’s Luxembourg office advised EQT pertaining to the acquisition of Bilfinger's business segment Building and Facility for a purchase price of around EUR 1.2 billion (enterprise value of EUR 1.4 billion).
Building and Facility is the biggest real-estate service provider in the DACH region and also a leading player in the segment in the UK. The segment comprises three divisions (Facility Services, Real Estate, Building) with approx. 20,000 employees.
Hogan Lovells, London has advised Shaftesbury, the listed UK REIT, in connection with its issue of Guaranteed First Mortgage Bonds in a deal worth £285 million.
With a coupon of 2.487% and maturity in September 2031, the Bonds are expected to be admitted to listing on the Official List of the Financial Conduct Authority and to trading on the Main Market of the London Stock Exchange on 10 October 2016.
Herbert Smith Freehills is delighted to have advised Suncorp Group Limited, Suncorp Insurance Holdings Limited and AAI Limited on AAI’s offer of new Tier 2 hybrid securities (Subordinated Notes). The proceeds received by AAI under the offer will be used for general corporate purposes and will form part of AAI’s shareholder funds investment portfolio.
Shearman & Sterling advised the joint bookrunners, led by Deutsche Bank, on DEA’s debut €400 million offering of senior notes. The notes bear an interest rate of 7.50% and are due in 2022. The proceeds of the offering will be primarily used to partially repay (without cancelling) certain existing debt.
Global legal practice, Hogan Lovells, recently advised Intermediate Capital Group plc in relation to its participation in a $250 million dollar Term Loan B facility for Iron Mountain Australia Group Pty Limited, a subsidiary of Iron Mountain Incorporated (NYSE: IRM), a giant in the information management and storage services space.
ICG is part of a lending syndicate which consists of a number of institutional investors, including Australian superannuation funds.
Simpson Thacher recently represented The Dai-ichi Life Insurance Company, Limited in connection with its offering of 4% Step-up Callable Perpetual Subordinated Notes. The bonds were sold to international investors outside of Japan in reliance on Rule 144A and Regulation S.
Established in 1902 as Japan’s first mutual life insurance company, Dai-ichi Life is the second-largest private sector life insurer in Japan, as measured by premium and other income, and had approximately 8 million policyholders as of March 31, 2016.
The notes are unconditionally guaranteed by Ultrapar Participações S.A. and Ipiranga Produtos de Petróleo S.A.
The team included: Peter Adriaansen, Janneke Versantvoort, Judith Raijmakers, Arnaud Barchman, Cédric Raffoul and Siobhan McCarthy.
On September 22, 2016, a Delaware finance subsidiary issued USD 400 m in aggregate principal amount of 3.500% Guaranteed Notes due 2026 and USD 600 m in aggregate principal amount of 4.750% Guaranteed Notes due 2046, which are guaranteed by LafargeHolcim Ltd. The Guaranteed Notes were offered in the United States to only “qualified institutional buyers” in compliance with Rule 144A under the U.S. Securities Act, and were offered outside the United States in reliance on Regulation S under the U.S. Securities Act.
Global law firm White & Case LLP has advised Air Liquide on its first Yankee bond offering, comprising five series of notes for a total amount of US$4.5 billion.
The notes have maturities ranging from three to 30 years and bear interest at rates between 1.375 percent and 3.5 percent. The proceeds of the offering will contribute to the refinancing of the acquisition of Airgas, and to sustainably finance the Group's long term growth.