DLA Piper has advised Autohellas SA, the second largest independent car leasing company in Greece, and StormHarbour Securities LLP on a €101 million securitisation transaction for automotive leases for small and medium-sized enterprises (SMEs). Autohellas is the originator of the receivables and StormHarbour arranged the transaction.
Acting as Swiss counsel, leading global law firm Baker McKenzie, has advised RRJ Capital as lead investor on a significant structured equity-linked debt financing for HNA Aviation (Hong Kong) Air Catering Holding Co., Limited, the sole shareholder of gategroup Holding AG.
Morgan Lewis advised We Soda Ltd on a $1.66 billion loan facility provided by a consortium of international lenders led by Goldman Sachs, Bank of China, Denizbank, and Isbank. The facility will be used primarily to refinance existing indebtedness.
Owned by the Ciner Group, We Soda is the world’s largest soda ash producer with operations in Turkey and Wyoming. Soda ash and sodium bicarbonate are used in the production of glass, detergents, food, pharmaceuticals, and chemicals.
Addleshaw Goddard's market-leading banking team is delighted to have advised online beauty Retail Company The Hut Group on its latest funding facility taking its debt facilities to $1bn.
The company, which owns a number of brands including recently acquired eye cosmetics brand Eyeko, on which Addleshaw Goddard also advised, will use the cash boost to fund further acquisitions and grow its already impressive portfolio.
Simpson Thacher, acting as sole international counsel, represented Société Générale, as arranger and dealer, and BNP Paribas, Citigroup Global Markets Inc., Commerzbank Aktiengesellschaft, Crédit Agricole Corporate and Investment Bank, The Hongkong and Shanghai Banking Corporation Limited, ING Bank N.V., Singapore Branch, J.P.
Simpson Thacher, acting as sole international counsel, represented Société Générale, as arranger and dealer, and BNP Paribas, Citigroup Global Markets Inc., Commerzbank Aktiengesellschaft, Crédit Agricole Corporate and Investment Bank, The Hongkong and Shanghai Banking Corporation Limited, ING Bank N.V., Singapore Branch, J.P.
PARIS – Dechert LLP advised biotechnology company Abivax in its structured debt financing with Kreos Capital valued at up to EUR 20 million.
This financing comprises two tranches of EUR 10 million each (EUR 8 million straight bonds and EUR 2 million convertible bonds) which may be exercised under certain conditions and which are expected to extend cash runway until Q1 2020. As part of the debt financing, Kreos may receive ABIVAX warrants for shares valued at up to EUR 1.6 million.
International law firm Proskauer was proud to represent funds managed and advised by BlueBay Asset Management in the €135 million financing provided to DADA, one of the leading names in the European domain and hosting segment.
DADA is a pan-European online hosting business headquartered in Florence, Italy and it is majority owned by Hg Capital. Hg acquired a majority interest in DADA in October 2017 and bought out the remaining shares by way of a tender offer in February 2018. The debt financing was provided by BlueBay by way of an Italian mini-bond.
The international law firm Milbank, Tweed, Hadley & McCloy LLP has advised KAEFER Isoliertechnik GmbH & Co. Kommanditgesellschaft ("KAEFER") on a new comprehensive group financing, comprising a Reg S/Rule 144A high yield bond of € 250 million and a super senior revolving credit and multicurrency revolving letter of guarantee facility of € 480 million. Both instruments are governed by German law and secured by guarantees and collateral of the issuer and its subsidiaries.
International law firm Trowers & Hamlins has advised Orbit Group on their recent £450 million bond issue, which is understood to be the affordable housing sector's largest single-tranche own-name bond issue. This followed a successful roadshow and strong interest from investors.
Trowers previously acted for the Group on its inaugural £250 million bond issue in March 2015.
Partner Eleanor James commented: