Gide London has advised Crédit Industriel et Commercial SA (CIC Paris) as a senior noteholder and as co-collateral manager in EURO-GALAXY IV CLO B.V., a new €335.1 million Collateralized Loan Obligation (CLO) transaction. PineBridge Investments Europe Limited acted as lead collateral manager in this new CLO under which several different classes of notes have been listed on the Irish Stock Exchange and rated by Standard and Poor’s and Moody’s.
Norton Rose Fulbright has advised Rabobank on the EUR85 million refinancing of a 2012 loan facility to Pickenpack, a leading supplier and distributor of private label/co-pack frozen seafood products in Europe.
A cross-border team comprising lawyers in Hong Kong, Frankfurt and Paris worked on the transaction, a multi-tranche borrowing base facility, including a complicated release and security arrangement in multiple jurisdictions, arranged by Rabobank Hong Kong, Unicredit Bank AG, Deutsche Bank AG Filiale Deutschlandgeschäft and China CITIC Bank International Limited.
Bond issue admitted to trading on the Alternative Fixed-Income Market (MARF), a multilateral trading system
Cuatrecasas, Goncalves Pereira advised MÁSMOVIL IBERCOM, S.A. on the senior unsecured bond issue valued at €27 million, with a 5.5% interest rate and maturity in 2020. The firm also advised on the bond placement process among qualified investors by placement agents INTERMONEY VALORES, S.V., S.A. and ANDBANK ESPANA, S.A.U.
Zürcher Kantonalbank, Credit Suisse and BNP Paribas acted as managers. The bonds will be listed on the SIX Swiss Exchange.
Homburger acted as counsel to Zürcher Kantonalbank. The Homburger team consisted of René Bösch (Partner, Financial Services), Dieter Grünblatt (Partner, Tax) and Eduard De Zordi (Counsel, Financial Services).
In July 2015, WDP, assisted by Eubelius, has realised an institutional placement of bonds for an amount of EUR 92 million in two tranches, with a term of seven years each. Fixed rate bonds were issued for approximately EUR 54 million and floating rate bonds were issued for approximately EUR 37 million. The bonds have been admitted to trading on Euronext Brussels.
White & Case LLP has advised Morgan Stanley, Barclays and Société Générale Corporate & Investment Banking, as Global Coordinators and Joint Lead Managers, and the other Joint Lead Managers comprising BNP Paribas, Citigroup, Commerzbank, Crédit Agricole CIB, ING, J.P.Morgan, Natixis, Santander Global Banking & Markets and The Royal Bank of Scotland, on the issue by Capgemini of €2.75 billion notes comprising €1.25 billion 1.75 percent notes due 2020, €1 billion 2.5 percent notes due 2023 and €500 million floating rate notes d
White & Case LLP has advised E.s.tr.a. S.p.A. Energia Servizi Territorio Ambiente, the Italian multi-utility company active in the energy sector, on the English and Italian law aspects of its euro private placement of €100 million, 3.75 percent notes due 2022.
The notes, which are guaranteed by E.s.tr.a subsidiary Centria S.r.l., were sold through a private placement to European qualified investors and will be listed on the Irish Stock Exchange.
Mayer Brown advised Commerzbank AG as arranger and other banks on the establishment of a new debt issuance program for the issuance of senior unsecured notes with a volume of up to EUR 5 billion Euro as well as on the first successful placement of notes issued by Eurogrid GmbH under the issuance program in the amount of EUR 500 million.
The notes have a term of ten years and bear interest of 1.875 per cent per annum. The notes were admitted to trading on the regulated market of the Luxembourg Stock Exchange.
Clifford Chance has advised China Life on their US$1.28 billion capital securities offering, the first of its kind that complies with regulations aimed at strengthening China's growing insurance sector by providing sufficient capital in relation to risk profiles.
The notes have a tenor of 60 years, with the ability for them to be extended by another 60 years every time they fall due, and interest accrued deferrable at the issuers' option.
DLA Piper represented an affiliate of Davis Marcus Partners in the US$345 million refinancing of its existing debt on a 400,000-square-foot medical and research building located at 185 Cambridge Street in Boston, adjacent to Massachussetts General Hospital. Davis Marcus Partners is a joint venture of The Davis Companies and Marcus Partners, two premier real estate investment, development and management firms.