Simpson Thacher represented Groupe Fnac S.A. in connection with its offering of €650 million aggregate principal amount of 3.25% Senior Notes due 2023. The proceeds of the offering were used to refinance outstanding indebtedness under a bridge facility entered into to finance Fnac’s acquisition of the share capital of Darty plc.
UBS AG and Zürcher Kantonalbank acted as managers in the issuance of bonds by Sonova Holding AG valued at CHF 760 m. The bonds will be listed on the SIX Swiss Exchange. The proceeds of the bonds will be used by the Issuer for refinancing a bridge facility entered into in connection with the acquisition of AudioNova that was completed in September 2016.
Homburger acted as counsel to Sonova Holding AG. The Homburger team consisted of Jürg Frick (Partner, Financial Services), Dieter Grünblatt (Partner, Tax) and Eduard De Zordi (Counsel, Financial Services).
Gernandt & Danielsson has acted as legal advisors to Heimstaden in its issuance of subsequent bonds at a total amount of 250,000,000 SEK. The bonds are issued within a total framework amount of 1,250,000,000 SEK and after the issue the outstanding amount under the bonds amounts to the total framework amount. Heimstaden has undertaken to list the subsequent bonds on the corporate bond list of Nasdaq Stockholm.
Leading international law firm Clifford Chance has acted as lead counsel to British banking and financial services provider Barclays as arranger of a AUD250 million Term Loan B financing for Iron Mountain Australia Group Pty Ltd, a wholly owned subsidiary of Iron Mountain Incorporated (NYSE: IRM), the storage and information management services company.
The team was led by Banking & Finance partner Richard Gordon, who was assisted by counsel Alastair Gourlay and associates Adrian Blacker, Dean Bao and Munpreet Soomal.
Global law firm White & Case LLP has advised Morgan Stanley & Co. International plc and J.P. Morgan Securities plc, as joint global coordinators and joint bookrunners, and Société Générale as joint bookrunner, on the €200 million offering of senior secured floating rate notes due 2021 by MCS Groupe, a leading purchaser and servicer of mortgages and consumer and SME financial debt in France.
The Firm recently represented Deutsche Bank AG, London Branch, Goldman Sachs International, Santander, S.A. and Banco Bilbao Vizcaya Argentaria, S.A. and other several initial purchasers in connection with a Rule 144A and Reg S offering of €285 million 3.75% senior secured notes due 2023 by NH Hotel Group, S.A. (“NH”) and guaranteed by certain of its subsidiaries.
NH is a leading international hotel operator with a portfolio of more than 380 hotels across 29 countries that it operates through four core brands.
Gide’s Casablanca and London offices have advised Maghreb Titrisation and the Office National de l’Electricité et Eau potable (ONEE) on a MAD 2 billion (EUR 185 million) securitisation operation initiated by ONEE.
Allen & Overy has advised PKO Bank Hipoteczny on establishing its EUR 4 billion international mortgage covered bonds programme. This is the first international mortgage covered bonds programme to be established by a Polish mortgage bank.
The Allen & Overy team was led by Piotr Lesinski, partner, supported by Philip Smith, London-based partner, Bartosz Jagodzinski, counsel, Lukasz Walczyna, senior associate, Richard Cohen, London-based senior associate, and associates Mateusz Chodosz and Pawel Zdanowicz.
Matheson advised PartnerRe Ltd. on its debut EUR 750 million Eurobond offering, which closed on 15 September 2016. The EUR 750 million 1.25% Guaranteed Notes due 15 September 2026 (the “Notes”) were issued by PartnerRe Ireland Finance DAC and are guaranteed by PartnerRe Ltd. The Notes were listed on the Main Securities Market of the Irish Stock Exchange and Matheson also acted as Irish listing agent.
Davis Polk advised the joint bookrunners and joint lead managers on a Regulation S-only offering of $300 million aggregate principal amount of 2.25% senior notes due 2019 by Dongxing Voyage Company Limited, a wholly owned subsidiary of Dongxing Securities (Hong Kong) Limited, and guaranteed by Dongxing Securities (Hong Kong) Financial Holdings Limited and China Orient Asset Management (International) Holding Limited.