Paul, Weiss client Lundin Mining Corporation, a Canadian base metals mining company, closed an offering of $1 billion of senior secured notes in two tranches: $550 million of 7.5% senior secured notes due 2020 and $450 million of 7.875% senior secured notes due 2022. The offering was made pursuant to Rule 144A and outside the United States pursuant to Regulation S. Merrill Lynch, Pierce, Fenner & Smith Incorporated and Scotia Capital (USA) Inc. acted as joint bookrunning managers for the offering.

Trowers & Hamlins is pleased to have advised Lincolnshire-based Boston Mayflower on what is believed to be the first simultaneous bond issue and US private placement by a registered provider.

Davis Polk advised Greenland Global Investment Limited, a subsidiary of Greenland Holding Group Company Limited (“Greenland Holding”), in connection with the establishment of its US$3 billion medium-term note program and the issuance of US$500 million notes thereunder which are guaranteed by Greenland Holding. 

Davis Polk advised Morgan Stanley in connection with its SEC-registered global offering of $3 billion aggregate principal amount of 3.7% senior notes due 2024. The lead manager for the underwriters was Morgan Stanley & Co. LLC.  

Milbank, Tweed, Hadley & McCloy LLP represented international banks acting as initial purchasers in offerings of two series of notes issued by Mexico’s state-owned oil company, Petróleos Mexicanos (Pemex) guaranteed by the US Export-Import Bank.

Paul Hastings LLP represented BofA Merrill Lynch as the sole book-running manager and initial purchaser in connection with a $50 million add-on offering of 8.75% senior secured notes due 2022 for TPC Group Inc., a global leader in providing a diverse range of quality products to chemical and petroleum-based companies worldwide.

Leveraged Finance partners Jeff Pellegrino and Michael Michetti led the Paul Hastings team, which also included associates Melissa Muscat, Molly Vaughan and Sean Murray.

Simpson Thacher represented Ingersoll-Rand plc (NYSE: IR) in connection with a registered offering of $300 million aggregate principal amount of 2.625% Senior Notes due 2020, $500 million aggregate principal amount of 3.550% Senior Notes due 2024 and $300 million aggregate principal amount of 4.650% Senior Notes due 2044. The notes were issued by Ingersoll-Rand Luxembourg Finance S.A., and guaranteed by Ingersoll-Rand plc, Ingersoll-Rand Company Limited, Ingersoll-Rand International Holding Limited, Ingersoll-Rand Company and Ingersoll-Rand Global Holding Company Limited.

Paul Hastings LLP represented Morgan Stanley & Co. LLC, Barclays Capital Inc., Credit Suisse Securities (USA) LLC, RBC Capital Markets, LLC and UBS Securities LLC as representatives of the initial purchasers in connection with the offering of $5.1 billion aggregate principal amount of notes issued in the form of units by Dynegy Finance I, Inc. and Dynegy Finance II, Inc., wholly owned subsidiaries of Dynegy Inc., a producer and distributer of electric energy, capacity and ancillary services in key U.S. markets.
 

Slaughter and May, London and Hong Kong, advised Standard Chartered on the annual update of its US$70 billion debt issuance programme, under which Standard Chartered PLC, Standard Chartered Bank and Standard Chartered Bank (Hong Kong) Limited have the ability to issue notes to be listed and traded on the London and Hong Kong Stock Exchanges.

CONTACTS

Capital Markets: Nilufer von Bismarck (partner), Andrew Chaplin (associate), David Hay (associate); Corporate and Finance: Laurence Rudge (partner), Gerard Pang (associate); Tax: Charles Osborne (associate)

Slaughter and May, Hong Kong, advised Swire Pacific Limited on the annual update of the US$5 billion Medium Term Note Programme of Swire Pacific MTN Financing Limited, its wholly-owned subsidiary (the Programme). Notes issued under the Programme are guaranteed by Swire Pacific Limited and may be listed on the Hong Kong Stock Exchange. HSBC and Morgan Stanley are the Joint Arrangers under the Programme.

CONTACTS

Laurence Rudge (partner), Catherine Hau (associate)