Shearman & Sterling represented Coca-Cola Enterprises, Inc. in connection with its Regulation S Euro offering of €350 million 2.625% Notes due 2023.

Coca-Cola Enterprises, Inc. is the leading Western European marketer, producer and distributor of non-alcoholic ready-to-drink beverages and one of the world’s largest independent Coca-Cola bottlers. It is the sole licensed bottler for products of The Coca-Cola Company in Belgium, continental France, Great Britain, Luxembourg, Monaco, the Netherlands, Norway and Sweden.

Shearman & Sterling represented Banco Nacional de Costa Rica, the largest bank in Costa Rica, in connection with its 144A/Regulation S offering of $500,000,000 aggregate principal amount of its 4.875% Senior Notes due 2018 and $500,000,000 aggregate principal amount of its 6.250% Senior Notes due 2023. This is Banco Nacional de Costa Rica’s first issuance of securities in the international capital markets.

Shearman & Sterling represented San Miguel Industrias PET S.A., a portfolio company of the Nexus Group S.A., in connection with an underwritten high yield offering of $200,000,000 of its Senior Guaranteed Notes due 2020. Merrill Lynch, Pierce, Fenner & Smith Incorporated and Citigroup Global Markets, Inc. acted as Joint Bookrunners for the offering.

Simpson Thacher represented the underwriters in connection with a registered public offering of $500 million of 5.625% Senior Notes due 2043 issued by WPP Finance 2010, a finance subsidiary of WPP plc.  The notes are guaranteed by WPP plc and certain of its subsidiaries.

The Firm represented Detroit International Bridge Company (“DIBC”) in connection with its private offering of US$45 million principal amount of 4.01% Senior Secured Notes due 2020, US$38 million principal amount of 5.34% Senior Secured Notes due 2023, CDN$5 million principal amount of 4.82% Senior Secured Notes due 2020 and CDN$2 million of 5.87% Senior Secured Notes due 2023.

Davis Polk advised Bestgain Real Estate Lyra Limited, a wholly owned subsidiary of China Vanke Co., Ltd. (China Vanke), in connection with its Regulation S issue of S$140 million 3.275% guaranteed notes due 2017 under its US$2 billion medium-term note program. The notes were guaranteed by China Vanke's wholly owned subsidiary Vanke Real Estate (Hong Kong) Company Limited and supported by a keepwell deed and an equity purchase undertaking from China Vanke. 

Baker & McKenzie acted as counsel to DB Trustees (Hong Kong) Limited, in its capacity as the trustee of Hui Xian Real Estate Investment Trust (“Hui Xian REIT”), on the HK$1,525 million term loan facility for Hui Xian REIT. The term loan facility will be used to fund the repayment of existing loan facilities and for general corporate funding needs, including financing future acquisitions.

Hang Seng Bank Limited acted as the coordinator and mandated lead arranger for the facility.

Orrick, Herrington & Sutcliffe LLP recently closed an $800 million, eight-year, Rule 144A/Regulation S bond offering for  Millicom International Cellular, a leading emerging markets telecom and media company.  The proceeds from the offering will be used to finance a business combination between Millicom’s Colombian operations and the operations of Millicom's Colombian partner, UNE-EPM.
 

Davis Polk advised The Hongkong and Shanghai Banking Corporation Limited, Bank of China and Industrial and Commercial Bank of China (Asia) Limited as underwriters in connection with the offering of 2.5 billion Chinese Renminbi aggregate principal amount of 2.25% bonds due 2014, issued by the Province of British Columbia. 

The Davis Polk team included partner Alan Dean, counsel Jean Weng and associate Roshni S. Banker. Karla A. Rivera Fortis was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.

Davis Polk advised Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. LLC as joint book-running managers on an SEC-registered offering by Statoil ASA of $4 billion principal amount of notes guaranteed by its operating subsidiary, Statoil Petroleum AS.