Allen & Overy advised Eurofins Scientific SE (Eurofins), a global leader in bioanalytical testing and based in Luxembourg, on the issuance of a EUR550m Schuldschein loan. This makes the transaction the largest Schuldschein issuance by a foreign (non-German) issuer this year.
Global law firm White & Case LLP has advised Pitagora S.p.A. as originator, and Banca IMI S.p.A. as arranger, on a securitization by Pitagora of CQS receivables – assisted by the assignment of up to one fifth of the borrowers' salary or pension or by-payment delegation – for a total value of €525 million.
Milbank, Tweed, Hadley & McCloy LLP has advised BNP Paribas, HSBC Bank plc, KKR Capital Markets Limited and Unione di Banche Italiane S.p.A. as Initial Purchasers in connection with the issuance of €125 million Senior Secured Floating Rate Notes due 2024 by Fabric (BC) S.p.A. under its existing indenture.
Global law firm White & Case LLP advised Italy-based integrated multi-utility Acea S.p.A., as issuer, on the Italian and English law aspects of the update of its €3 billion Euro Medium Term Note Programme.
The White & Case team in Milan which advised on the transaction included partner Ferigo Foscari and local partner Paul Alexander, associate Davide Diverio and lawyer Alessandro Piga.
Davis Polk advised IHS Markit Ltd. in connection with its SEC-registered offering of $1.25 billion aggregate principal amount of senior notes in two series, consisting of $500 million aggregate principal amount of 4.125% senior notes due 2023 and $750 million aggregate principal amount of 4.750% senior notes due 2028.
On 26 July 2018, assisted by King & Wood Mallesons (KWM), China’s largest A-Share listed courier S.F. Holding Co., Ltd. (“SF Holding”, stock code: 002352) issued US$500 million five-year senior unsecured bonds at a 4.125% yield abroad in accordance with the Regulation S of the Securities Act of 1933 and successfully closed the deal. The company issued the bonds with its overseas wholly-owned subsidiary as the issuer, while SF Holding provided guarantees.
With a team led by Frankfurt-based partner Dr. Günther M. Bredow, Heuking Kühn Lüer Wojtek advised Janoschka Group on restructuring and expanding its corporate financing.
A consortium consisting of IKB Deutsche Industriebank AG, Norddeutsche Landesbank Girozentrale, Baden-Württembergische Bank, and Sparkasse Offenburg/Ortenau provide a total of EUR 35 million for working capital needs and additional investments, some of which are refinanced from KfW funds.
International law firm Ashurst advised the lenders on the £174 million refinancing of a biomass and landfill gas portfolio owned by Octopus Investment ("Octopus"), part of Octopus Group, making it one of the largest transactions of its kind and the first major UK biomass deal in 2018.
The refinancing of the Melton Renewable Energy UK Limited portfolio consists of a £152 million term loan, £10 million revolving credit facility and £12 million debt service reserve facility.
Clifford Chance has advised a consortium of eleven banks led by the coordinators BNP Paribas S.A. Niederlassung Deutschland, Commerzbank AG (also documentation agent) and Landesbank Baden-Württemberg (other consortium leaders are DZ BANK and UniCredit) on the refinancing of natural gas specialist VNG AG (VNG).
International law firm Pinsent Masons advised GMPVC German Media Pool GmbH and Fashion Media Pool GmbH in a financing of ABOUT YOU led by Heartland A/S.
Pinsent Masons successfully advised GMPVC and FMP as existing shareholders of the Otto Group’s rapidly growing fashion-tech start-up ABOUT YOU.