Jones Day represented The Timken Company, a world leader in engineered bearings and power transmission products, in connection with its underwritten public offering of $400 million of 4.500% Senior Notes due 2028. The Timken Company intends to use the net proceeds from the sale of the notes, along with cash on hand and other long-term debt, to finance the recently announced acquisitions of Cone Drive and Rollon Group.

Contact: Michael J. Solecki

Davis Polk advised the joint book-running managers in connection with an SEC-registered offering by Equinor ASA (f/k/a Statoil ASA) of $1 billion aggregate principal amount of 3.625% notes due 2028, guaranteed by its subsidiary, Equinor Energy AS (f/k/a Statoil Petroleum AS).

Milbank, Tweed, Hadley & McCloy LLP advised Goldman Sachs on €270 million financing for Colosseum Dental Group.

The existing debt is split into five tranches and are denominated in Norwegian Krone, Swedish Krona, Swiss Francs, Sterling, and Euros. Alongside the term loan, the financing also encompasses a €100 million undrawn acquisition facility to support the future growth of the business.

Colosseum Dental Group is a pan-European dental chain operator, with a presence in eight countries.

Shearman & Sterling advised Citycon Oyj (Citycon) in connection with its issuance of  €300 million 2.375 percent guaranteed notes due 2027 and tender offer for up to €300 million of its outstanding notes.

The notes were issued on September 3, 2018 by Citycon’s wholly owned subsidiary, Citycon Treasury B.V., and guaranteed by Citycon under its €1.5 billion Euro Medium Term Note Programme.

King & Wood Mallesons (KWM) advised Suncorp Group Limited (Suncorp) on its debut offer of floating rate, unsecured, subordinated notes which raised AU$600 million from institutional and other wholesale market investors.

The wholesale subordinated notes are being issued as part of Suncorp’s ongoing funding and capital management strategy, the proceeds of which are expected to be used to fund Tier 2 capital of one or more regulated entities within the Suncorp group and for general funding purposes.