Resource

 

 

 

 

 

 

 

 

 

 

 

Banking & Finance - Capital Markets: Debt

Cognita Completes Senior Secured Notes Offering

05 Oct 2016

Simpson Thacher represented a finance subsidiary of Cognita in connection with its Regulation S offering of £45 million aggregate principal amount of its 7.75% Senior Notes due 2021. The proceeds of the offering were used to prepay amounts under Cognita’s revolving credit facility.

Cognita is a leading global operator of private-pay K-12 schools. As of May 31, 2016, it operated 69 schools across Asia, Europe and Latin America.

The Simpson Thacher team included Greg Conway, Adam Wollstein, Aled Knights and Jakob Egle (Corporate).

Linklaters advises on India’s first offshore Additional Tier 1 Notes

05 Oct 2016

Linklaters has advised on the State Bank of India’s US$300m issuance of 5.5% Additional Tier 1 Perpetual Notes, the first offshore Basel III-compliant issue for an Indian bank. The SBI used its Dubai International Financial Centre Branch to issue the perpetual notes under its US$10bn MTN Programme. Linklaters acted for the joint lead managers, BAML, Citi, HSBC, J.P. Morgan, National Bank of Abu Dhabi, SBI Capital Markets and Standard Chartered Bank.

ANDREAS NEOCLEOUS ADVISES ON GROUND-BREAKING USD 350 MILLION EUROBOND ISSUE BY CYPRUS COMPANIES

05 Oct 2016

We advised O1 Properties Finance Plc, on Cyprus legal, tax and regulatory matters relating to its USD 350 million debut Eurobond issue, which was successfully concluded in September 2016. Following approval of the prospectus by the Central Bank of Ireland, the five-year 8.25% unsecured notes were placed with qualified investors and are listed for trading on the main market of the Irish Stock Exchange. The notes are guaranteed by O1 Properties Limited, the parent company of  O1 Properties Finance Plc.

White & Case Advises Casino on €333 Million Bond Tender Offer

04 Oct 2016

Global law firm White & Case LLP has advised French retailer Casino on its bond tender offer allowing the group to buyback notes maturing in August 2019, January 2023 and August 2026 for a total amount of €333.3 million.

The bonds repurchased by Casino in relation to this transaction were canceled on September 30, 2016.

The White & Case team in Paris which advised on the transaction was led by partner Séverin Robillard with support from associates Grégoire Karila and Béatrice Constans.

Hess Corporation Cash Tender Offers

04 Oct 2016

Davis Polk advised the lead dealer managers and the co-dealer managers in connection with a cash tender offer by Hess Corporation for any and all of its 8.125% notes due 2019 (the “Any and All Tender Offer”) and a waterfall cash tender offer for approximately $1.075 billion (less the aggregate total consideration for the Any and All Tender Offer) aggregate principal amount of three series of its outstanding notes.

Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas.

ArcelorMittal $1.5 Billion Cash Tender Offer

04 Oct 2016

Davis Polk advised the dealer managers in connection with a cash tender offer by ArcelorMittal S.A. to purchase certain of its U.S. dollar-denominated debt securities.

With steelmaking operations in 19 countries on four continents, ArcelorMittal is the world’s largest and most global steel producer and a significant producer of iron ore and coal. ArcelorMittal’s shares are listed on the NYSE, Euronext Amsterdam, Euronext Paris, the Luxembourg Stock Exchange and the Bolsas de Valores of Madrid, Barcelona, Bilbao and Valencia.

Norton Rose Fulbright advises DBS on S$190m Eu Yan Sang debt refinancing

03 Oct 2016

Global law firm Norton Rose Fulbright has advised DBS Bank Ltd on a S$190m debt refinancing, governed by Singapore law, to Eu Yan Sang International Ltd and certain subsidiaries.

Eu Yan Sang is a leading and trusted integrative health and wellness company that specialises in traditional Chinese medicine and integrative healthcare. It currently runs more than 300 retail outlets in Hong Kong, Macau, China, Malaysia, Singapore and Australia, and operates a chain of TCM clinics in Singapore and regionally.

Squire Patton Boggs Assists DC Water in Issuance of the Nation’s First Environmental Impact Bond

03 Oct 2016

A Squire Patton Boggs team served as bond counsel to the DC Water and Sewer Authority (DC Water) in its issuance of the nation's first Environmental Impact Bond (EIB). The EIB will fund the initial green infrastructure project in the DC Clean Rivers Project, a $2.6 billion program to control stormwater runoff and improve the District's water quality.