Watson Farley & Williams LLP (“WFW”) advised Teekay Tankers Ltd on a new US$894,375,000 long-term debt facility to mature in January 2021. The facility was led by Nordea and ABN AMRO, and completed on 13 January 2016.
Fibre broadband provider Gigaclear has been awarded a €25 million committed debt facility from the European Investment Bank (EIB), the largest loan of its kind awarded to a British company.
Wragge Lawrence Graham & Co (WLG) advised Gigaclear on the terms of the EIB loan, negotiating the agreement and related documents alongside Brian Robertson of Cameron Barney, Gigaclear's corporate finance adviser.
Simpson Thacher represented eircom Finance DAC, an affiliate of eircom Holdings (Ireland) Limited (“eircom”), in connection with a Rule 144A and Regulation S offering of €500 million in aggregate principal amount of its Senior Secured Notes due 2022. The transaction closed on June 17, 2016. eircom has used the net proceeds from this offering to redeem in full its outstanding notes and prepay its outstanding term loan B2 facility.
King & Wood Mallesons (KWM) has assisted the Province of British Columbia (BC), Canada on the registration of its RMB 6 billion bond issuance program with China’s National Association of Financial Market Institutional Investors on December 3, 2015, and its successful issue of RMB 3 billion bonds under the program on January 25, 2016. The tenor of the bonds is three years, and the coupon rate is 2.95% per annum.
P+P Pöllath + Partners advised Movinga GmbH on its third financing round amounting to $ 25 million.
Main investors include Index Ventures LLP, Earlybird Verwaltungs GmbH and Rocket Internet. This is one of the largest financing rounds in the venture capital area in Germany in 2015.
Movinga, headquartered in Berlin, is a relocation provider and offers its services via an online portal. The start-up company promises among others a transparent fixed price guarantee, dispensing hidden charges or payments.
Gide advised CNP Assurances on the issuance of its USD 500 million subordinated notes due 2049, admitted to trading on Euronext Paris. White & Case LLP Paris advised Goldman Sachs International as Manager.
Gide's team was led by partner Hubert du Vignaux, assisted by Bastien Raisse, Aude-Laurène Dourdain and Guillaume Leteurtrois.
Gernandt & Danielsson advises in Moberg Pharma’s issue of corporate bonds amounting to SEK 300 million
The listed pharmaceutical company Moberg Pharma AB (publ) has decided to issue corporate bonds amounting to SEK 300 million through a private placement. The bonds are issued within a framework amount of SEK 600 million. The company has undertaken to list the bonds on Nasdaq Stockholm.
Reed Smith has advised IPF Partners on the French law debt refinancing for French surgical technology group SpineGuard.
IPF Partners, a leading alternative financing provider focused on the European healthcare sector, provided the debt which has been used to refinance the existing debt provided by Norgine and fund the company’s growth. The transaction is structured as a private placement governed by French law and subscribed for by a foreign investor.
Davis Polk advised the initial purchasers of a Regulation S offering of high-yield notes by Evergrande Real Estate Group Limited of $300 million aggregate principal amount of its 8.0% senior notes due 2019.
Evergrande Real Estate Group Limited, listed on the Hong Kong Stock Exchange, is one of the largest developers of residential property projects in different cities across China. Founded in Guangzhou, Guangdong Province in 1996, it has become a leading national property developer in China through its economies of scale and widely recognized brand name.
Davis Polk advised Sumitomo Mitsui Banking Corporation in connection with a medium-term note program update and a benchmark takedown, which consisted of $750 million aggregate principal amount of 2.05% senior notes due 2019 and $500 million aggregate principal amount of senior floating-rate notes due 2019, each guaranteed by Sumitomo Mitsui Banking Corporation’s New York branch.
Sumitomo Mitsui Banking Corporation is one of the largest banks in the world by assets.