Slaughter and May advised INEOS Olefins & Polymers UK (INEOS) on its successful application for a financial guarantee from Her Majesty's Treasury under the UK Guarantees Scheme and the related issue of EUR 285 million guaranteed unsecured notes by INEOS Grangemouth plc due 2019.
Hong Kong (August 7, 2014) - Paul Hastings, a leading global law firm, announced today that the firm represented J.P. Morgan Securities plc, Credit Suisse Securities (Europe) Limited, UBS AG, Hong Kong Branch, BNP Paribas, Hong Kong Branch, CLSA Limited and China Merchants Securities (HK) Co., Limited in connection with the Regulation S offering of US$350 million of 10.25% senior notes due 2019 by Future Land, a leading Chinese property developer focused on developing quality residential and mixed-use projects.
NEW YORK - Milbank, Tweed, Hadley & McCloy LLP represented a group of international banks as initial purchasers in the $1.1 billion bond offering by leading Chilean natural gas provider GNL Quintero S.A.
Herbert Smith Freehills has advised Bank of America Merrill Lynch (BAML) in relation to its role as sole bookrunner for Kuwait Energy's inaugural high yield bond which is comprised of US$250 million senior guaranteed notes due 2019.
DLA Piper has advised GE Capital International and Ares Management Ltd on the provision of a £113.5 million unitranche facility to refinance Hillarys, the leading UK provider of domestic blinds and window fittings owned by European Capital.
The facilities include a term unitranche component, a junior term debt component and a revolving credit facility.
Linklaters has advised the arrangers on a €1.2 billion covenant-lite loan refinancing for the pan-European frozen food maker Iglo Group, owned by Permira. The transaction consists of €1.2 billion of senior secured covenant-lite loans and €500 million of senior secured high yield bonds.
Mayer Brown, a leading global law firm, represented Bonanza Creek Energy, Inc., an independent energy company engaged in the acquisition, exploration, development and production of onshore oil and associated liquids-rich natural gas in the United States, in the issuance of a $300 million high yield senior unsecured note offering at 5.75%. The lead underwriter was RBC Capital Markets, LLC.
Davis Polk advised Kosmos Energy Ltd. in connection with a Rule 144A/Regulation S offering of $300 million aggregate principal amount of its 7.875% senior secured notes due 2021. The notes are guaranteed on a subordinated basis by certain of Kosmos’s subsidiaries and are secured by an equitable charge over all outstanding shares of Kosmos’s direct subsidiary, Kosmos Energy Holdings. Barclays Capital Inc. and BNP Paribas acted as global coordinators of the offering.
Davis Polk advised Merrill Lynch, Pierce, Fenner & Smith Incorporated, Goldman, Sachs & Co., Credit Suisse Securities LLC, Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC, and RBC Capital Markets, LLC, as joint book-running managers, in connection with a Rule 144A/Regulation S offering of $185 million aggregate principal amount of 7.250% senior notes due 2022 by Infinity Acquisition, LLC and Infinity Acquisition Finance Corp.
On July 22, 2014, Energy & Exploration Partners, LLC, an independent exploration and production company focused on the acquisition, exploration and development of unconventional oil and gas resources, closed its acquisition of certain exploration and production assets from Treadstone Energy Partners, LLC. Cravath represented Citigroup in arranging a $775 million term loan to finance the acquisition, to refinance existing indebtedness and to fund drilling capital expenditures and other working capital needs.