Davis Polk advised Hangzhou Hikvision Digital Technology Co., Ltd. (“Hikvision”) in connection with its debut issue of €400 million 1.25% notes due 2019. The notes are to be listed on the Irish Stock Exchange.
Noerr has advised the pharmaceutical and biotechnology company IDT Biologika GmbH on a financing deal aimed at ensuring its continued growth. The Dessau-based company for the first time took up a comprehensive syndicated operating and investment loan (which includes the possibility of further acquisitions). The overall volume of the loan is €165 million.
The lending consortium of banks consists of Deutsche Bank AG, Commerzbank AG, NORD/LB, Bremer Kreditbank AG and UniCredit S.p.A., with Deutsche Bank AG and Commerzbank AG acting as lead banks.
Skadden is advising the Austrian province of Carinthia, Kaerntner Landesholding and Kaerntner Ausgleichszahlungs-Fonds, a special purpose vehicle set up by the province, in connection with the debt restructuring of HETA Asset Resolution AG, one of the largest capital markets debt restructurings in Europe in recent history.
We have provided Norwegian law assistance to a group of 23 international banks on Lundin Petroleum's ("Lundin") seven year reserve-based lending facility for up to USD 5 billion.
This is believed to be the largest ever European reserve-based loan (RBL) for an upstream oil and gas company. The facility has an initial committed amount of USD 4.3 billion and includes an accordion feature that allows existing and new lenders to provide additional commitments of up to USD 700 million.
VTG Aktiengesellschaft (WKN: VTG999), one of Europe's leading wagon hire and rail logistics companies, has refinanced a large proportion of its existing bank loans. In this process, the VTG Group has entered into financial arrangements for approximately EUR 1.2 billion with an international banking consortium led by KfW IPEX-Bank and UniCredit.
Lenz & Staehelin acted as Swiss counsel to VTG. The team included Marcel Tranchet, Roland Fischer and Pascal Genoud (all Finance) and Pascal Hinny and Stephan Brandner (both Tax).
Mayer Brown announced today that it represented joint lead managers and joint lead arrangers Crédit Agricole Corporate and Investment Bank, BNP Paribas London Branch, Bank of America Merrill Lynch and The Royal Bank of Scotland plc on the issuance of EUR 650.7 million asset-backed notes. The notes are backed by German auto loans sold by the German branch of FCE Bank plc, an indirect wholly owned subsidiary of Ford Motor Company.
Mayer Brown’s cross-border team advised on German and English law aspects of the ABS transaction.
Herbert Smith Freehills has advised a group of 23 international banks on Lundin Petroleum's ("Lundin") seven year reserve-based lending facility for up to US$5 billion. This is believed to be the largest ever European reserve-based loan (RBL) for an upstream oil and gas company.
The facility has an initial committed amount of US$4.3 billion and includes an accordion feature that allows existing and new lenders to provide additional commitments of up to US$700 million.
White & Case LLP has advised Intesa Sanpaolo S.p.A. on a US$1.5 billion issuance of subordinated Tier 2 benchmark bonds under its US$25 billion Medium Term Note Programme.
The issuance is a ten-year 5.71 percent bond targeted exclusively at the US and Canadian markets. The bond placed on the US market is exempt from registration under Rule 144A of the US Securities Act and privately placed in Canada.
Simmons & Simmons has advised Hsin Chong Construction Group (the “Company”) on a public issuance in the professional investors market of high yield bonds in the amount of US$150 million in January 2016.
Hsin Chong Construction Group is one of the largest construction and property development companies based in Hong Kong.
Simmons & Simmons acted for the Company and more than 40 subsidiary guarantors to complete the transaction.
Simpson Thacher, acting as sole international counsel, represented UBS AG, Hong Kong Branch, as arranger and dealer and Barclays Bank PLC, BNP Paribas, Citigroup Global Markets Limited, Commerzbank Aktiengesellschaft, Crédit Agricole Corporate and Investment Bank, Hana Financial Investment Co., Ltd., The Hongkong and Shanghai Banking Corporation Limited, KEB Hana Global Finance Limited, Merrill Lynch International, Mizuho Securities Asia Limited as dealers, in connection with the update of the US$10 billion global medium term note program of KEB Hana Bank.