Global law firm White & Case LLP has advised Commerzbank Aktiengesellschaft as coordinator, bookrunner and mandated lead arranger, on the provision of a €1 billion financing for Vonovia Finance B.V. which includes a €300 million swingline facility.

The White & Case team in Frankfurt which advised on the transaction was co-led by partner Thomas Flatten and local partner Sébastien Seele, and included counsel Alexander Born, senior transaction lawyer Alexander Hansen Diaz and portfolio manager Juliana Leao.

International law firm Ashurst advised Cassa depositi e prestiti on a €105 million financing to Gaia S.p.A., in connection with its investment program for the upgrading of ATO 1, a Northern Tuscany integrated water service infrastructure, covering with its service 47 municipalities.

Frankfurt—Global law firm Dentons has advised S-Kreditpartner GmbH, a credit institution in Berlin, on the refinancing of a consumer loan portfolio worth over €700 million via Societas Aurifex UG (haftungsbeschränkt), a special purpose entity incorporated for the purposes of this transaction. The special purpose entity was established via the TSI platform of True Sale International and acted as purchaser for the loan portfolio. The acquisition was financed through an untranched certificated loan (Schuldscheindarlehen) in a corresponding amount.

Davis Polk advised Sumitomo Mitsui Banking Corporation in connection with a global medium-term note program update and a benchmark takedown, which consisted of $1 billion aggregate principal amount of senior floating-rate notes due 2020 guaranteed by SMBC’s New York branch.

SMBC is one of world’s largest commercial banks by assets.

Davis Polk advised Sumitomo Mitsui Financial Group, Inc. on its SEC-registered takedown offering of senior TLAC notes, which consisted of $1 billion aggregate principal amount of 3.936% senior notes due 2023, $850 million aggregate principal amount of floating-rate senior notes due 2023 and $650 million aggregate principal amount of 4.306% senior notes due 2028. The notes are structured to count as total loss-absorbing capacity (“TLAC”) when TLAC regulations are implemented in Japan.

Orrick advised Autopista del Guadalmedina, Concesionaria Española, S.A. (the “Company”) on all English law aspects relating to the refinancing of its existing debt totalling €229 million through the issuance of (i) Senior Bonds with an aggregate principal amount of €196 million and a 3.7% fixed coupon which are due on December 31, 2041; and (ii) Junior Bonds with an aggregate principal amount of €33,000,000 and a 6.25% fixed coupon which are due on December 31, 2029 (the “Refinancing”).

Shearman & Sterling represented Citigroup Global Markets, BNP Paribas, Credit Suisse, Goldman Sachs International, ING Bank, RBC Capital Markets and Scotia Capital as initial purchasers in connection with Cable and Wireless' $500 million offering of 7.500% senior secured notes due 2026 by its wholly owned subsidiary C&W Senior Financing Designated Activity Company. The offering, which was conducted pursuant to Rule 144A and Regulation S under the U.S. Securities Act, closed on October 11, 2018.

Global law firm White & Case LLP has advised a group of banks on the updates of the Kingdom of Saudi Arabia's 144A/Reg S Global Medium Term Note Programme and Trust Certificate Issuance Programme, and on the issuance of US$2 billion Trust Certificates due 2029 under the latter.