Reed Smith has advised new client Agrivert Group, a leading provider of organic-waste solutions, on the company’s closure of a £96 million refinancing, with the transaction arranged by London-based merchant bank August & Co.
Agrivert’s refinancing will reduce the company’s capital costs and allow for the completion of two new 40,000 tonne, 3MWe anaerobic digestion waste-to-energy plants in the coming year.
King & Wood Mallesons advised Steadfast Group Ltd on its debut $285million syndicated facilities.
The new facilities replaced Steadfast Group’s existing A$180m bilateral facilities with Macquarie Bank, and provides Steadfast Group with increased debt capacity.
The KWM team comprised Banking & Finance partner Yuen-Yee Cho and solicitor Michael Spurritt.
Davis Polk advised CAR Inc. in connection its Regulation S offering of $300 million 6.00% senior notes due 2021. The notes are guaranteed by certain offshore subsidiaries of CAR Inc. The proceeds from this offering will be used for capital expenditure and other general corporate purposes including refinancing outstanding indebtedness to enhance CAR Inc.’s capital structure.
Arthur Cox Listing Services has acted as listing agent for Alitalia-Società Aerea Italiana S.p.A , Italy’s leading air carrier, which listed €375,000,000 5.250 per cent. Notes on the Main Securities Market of Irish Stock Exchange at the end of July 2015.
This is the first debt issuance from Alitalia since Etihad Airlines, the national airline of the United Arab Emirates, purchased a 49% stake in the company.
Watson Farley & Williams is pleased to announce that it has advised UK Export Finance (on behalf of itself, COFACE and Euler Hermes, as the European Export Credit Agencies), TD Bank, N.A. as ECA lender and ING Capital LLC as facility agent in relation to three financings backed by guarantees from the European Export Credit Agencies for Airbus A320 aircraft.
Slaughter and May advised CEMEX on the refinancing and repayment of the total amount outstanding of approximately US$1.94 billion under its facilities agreement of September 2012 (the 2012 Financing Agreement) with new funds from seventeen financial institutions.
Clifford Chance advised Heidelberger Druckmaschinen AG on the refinancing of a syndicated credit line.
The refinancing has been effected by an amendment and extension of a secured credit line, which was originally provided by an international syndicate of banks in 2011 and now has been extended in an amount of EUR 250 million until June 2019.
Norton Rose Fulbright has advised Beijing Capital Land Ltd. on its issuance of 1,000,000,000 domestic shares to its controlling shareholder, Beijing Capital Group Co., Ltd.
Beijing Capital Land Ltd. is an investment holding company engaged in real estate development and investment, hotel operation and property consulting services and investment holding. It is an H-share listed issuer on the Hong Kong Stock Exchange.
The issuance is valued at RMB3.08 per share (equivalent to approximately HK$3.90), raising gross proceeds of approximately HK$3.9 billion.
Ashurst has advised the joint lead managers and underwrtiers on a A$5billion pro-rata accelerated institutional, tradeable retail entitlement offer (PAITREO) by Commonweath Bank of Australia (CBA).
CBA is conducting a 1 for 23 pro rata renounceable accelerated entitlement offer with rights trading to raise approximately $5 billion to be used in the ongoing funding of CBA's business to strengthen its regulatory capital position in the light of recent APRA statements.
UBS Group AG has completed its issuance of USD 1.575 billion 6.875% Tier 1 Capital Notes.
Homburger advised UBS on all regulatory and transactional aspects as to Swiss law. The Homburger team was led by partner Benedikt Maurenbrecher (Financial Services) and comprised partner Stefan Oesterhelt (Tax), counsel Lee Saladino (Financial Services) and associates Stefan Kramer and Daniel Hulmann (both Financial Services).