White & Case LLP has advised HSH Nordbank AG on its US$360 million refinancing.
The 'CASTELLUM ABF' funding transaction is collateralized by a portfolio of commercial real estate loans secured by English law governed mortgages. It is HSH Nordbank's third US dollar refinancing since it established its own asset-based funding platform in 2013.
Davis Polk advised BNP Paribas, J.P. Morgan Securities plc and Mizuho International plc as joint book-running managers in connection with an SEC-registered offering of €300 million of 1.000% notes due 2025 by Air Products and Chemicals, Inc.
Air Products, located in Allentown, Pennsylvania, is an industrial gases company with operations in over 50 countries. Air Products provides atmospheric, process and specialty gases, and related equipment to manufacturing markets, including metals, food and beverage, refining and petrochemical, and natural gas liquefaction.
A team from Dechert LLP’s Munich, Luxembourg and London offices advised Prime Capital AG, a financial services and asset management firm, on an innovative repackaging transaction for institutional investors. The transaction involved establishing six compartments of a Luxembourg securitization vehicle, which issued profit participation bonds in total value of €180 million. These structured bonds are subject to English law and were listed on the Luxembourg Stock Exchange. The notes’ payment profile is based on the performance of several hedge funds.
Wragge Lawrence Graham & Co's Private Equity team in Paris has advised longstanding client Société Générale Capital Partners, in partnership with Sagard and Euromezzanine, on the leveraged buyout of specialty chemicals distributor Safic-Alcan from Parquest Capital.
King & Wood Mallesons has advised EQT, the leading private equity group in Northern Europe, on the refinancing of the existing BackWerk Group financing. The existing financing was replaced by a syndicated financing arranged by the Bank of Ireland, DZ BANK AG, HSBC Trinkaus & Burkhardt AG as well as Idinvest Partners. DZ BANK AG is acting as facility agent and security agent.
The refinancing of the Italian Serie A football team company, A.S. Roma, and the connected corporate reorganisation of its IP and media business has been successfully completed.
Goldman Sachs International, as Mandated Lead Arranger and Bookrunner, and UniCredit Bank AG - Milan Branch, as Agent and Security Agent of the financing, were advised by Gattai Minoli Agostinelli & Partners and Latham & Watkins.
The Gattai Minoli Agostinelli & Partners team comprised Riccardo Agostinelli, Andrea Taurozzi, Daniele Migliarucci and Marta Pradella.
Simpson Thacher recently represented TDR Capital LLP in connection with the financing of its acquisition of Hurtigruten, including an offering of €455 million aggregate principal amount of 7.50% Senior Secured Notes due 2022 and a €65 million Revolving Credit Facility Agreement. The notes proceeds were used to refinance a €455 million bridge facility that had been drawn to finance the acquisition of Hurtigruten and repay its existing financing arrangements.
Shearman & Sterling represented Alerion Clean Power in connection with its offering on the MOT market of the Milan Stock Exchange Market of €130 million of its 6.00% unsecured notes due 2022.
Alerion Clean Power S.p.A. engages in the production of electricity from renewable sources, primarily in the wind sector. The company is headquartered in Milan, Italy and listed on the Milan Stock Exchange.
White & Case LLP has advised HSBC, as Global Coordinator and Sole Bookrunner, in connection with ORPAR's issue of €170 million zero coupon bonds, due 2019, exchangeable for existing Rémy Cointreau ordinary shares. ORPAR, controlled by the Heriard Dubreuil family, holds 50.23 percent of the Remy Cointreau's share capital and 66.08 percent of its voting rights.
Shearman & Sterling represented Credit Suisse, The Royal Bank of Scotland, Barclays, BNP Paribas, CM-CIC Securities, DNB Markets, Jefferies, KBC Bank, Lloyds Bank, Nordea and Société Générale as initial purchasers on Thomas Cook’s €400 million high yield bond offering.