SJ Berwin a conseillé le catering group Elior on its securitization program for trade receivables in Spain. SJ Berwin took already part as an advisor for Elior on its previous program concluded for France and arranged by Crédit Agricole CIB, HSBC and Rabobank on Mai 29, 2013.

Legal advisor to Elior:

SJ Berwin Paris:

• Olivier Vermeulen, partner, Marc Zerah, senior associate, on financing aspects
• Etienne Boursican, partner, Edouard Baladès, associate, on corporate aspects

SJ Berwin Madrid:

Davis Polk advised Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, Citigroup Global Markets Inc. and U.S. Bancorp Investments, Inc. as representatives of the several underwriters in connection with an SEC-registered offering by The Travelers Companies, Inc. of $500 million aggregate principal amount of 4.6% senior notes due 2043.

Davis Polk advised Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Goldman, Sachs & Co. as underwriters in connection with an SEC-registered offering of $1.25 billion aggregate principal amount of 8.5% notes due 2020 by AngloGold Ashanti Holdings plc, fully and unconditionally guaranteed by AngloGold Ashanti Limited (AngloGold Ashanti).

Davis Polk advised underwriters represented by Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC in connection with a public offering by International Business Machines Corporation of $1.5 billion principal amount of its 3.375% notes due 2023 and $650 million principal amount of its floating rate notes due 2015.

Bucharest, London, Milan,... Global law firm White & Case LLP has advised Raiffeisen Bank Romania on the issue of its three-year senior unsecured RON-denominated corporate bonds.

The RON 225 million (approximately €50 million) issue is one of the most important private placements carried out in Romania in recent years, with the early closure after just one day emphasising the interest of local investors in products of this type. The bonds were listed on Tier III of the Bucharest Stock Exchange from August 1, 2013.

The Firm represented The Travelers Companies, Inc. in connection with the registered offering of $500 million in aggregate principal amount of 4.60% Senior Notes due 2043.

The Travelers Companies, Inc. is a holding company principally engaged, through its subsidiaries, in providing a wide range of commercial and personal property and casualty insurance products and services to businesses, government units, associations and individuals.

Simpson Thacher represented Sirius XM Radio Inc. (“SiriusXM”) in connection with its offering of $600 million aggregate principal amount of 5.75% Senior Notes due 2021 in reliance on Rule 144A and Regulation S. SiriusXM intends to use the net proceeds of this offering, together with cash on hand, to redeem its outstanding 8.75% Senior Notes due 2015.

Paul Hastings LLP, a leading global law firm, announced today that the firm represented a newly formed indirect wholly owned subsidiary of Shuanghui International Holdings Limited (“Shuanghui”), the owner of China’s largest publicly-traded meat processing enterprise, in connection with a $900 million private placement offering of senior notes.

The financing consists of one series of 5.250% senior notes due 2018 in an aggregate principal amount of $500 million and one series of 5.875% senior notes due 2021 in an aggregate principal amount of $400 million.

Milbank, Tweed, Hadley & McCloy has represented JP Morgan and Scotiabank as underwriters of a $300 million offering by leading Chilean transmission company Transelec S.A., whose more than 5,100 miles (8,239 km) of high-voltage transmission lines serve approximately 98% of Chile’s population.

The 4.625% notes mature in 2023. New York-based Securities partner Carlos Albarracín led the Milbank team, which also included associates Matthew Squires, Pablo Echeverri, and Gabriella Britto, and international attorney María Camila Bagés Mesa.

Slaughter and May advised PRADA S.p.A. ("PRADA") in relation to PRADA's debut issue of EUR130 million 2.75% notes due 2018 (the "Notes"). The Notes will be traded on the Irish Stock Exchange. Slaughter and May worked as an integrated team alongside Bonelli Erede Pappalardo and the Corporate Affairs Department of PRADA.

PRADA and its subsidiaries form one of the world's most prestigious fashion luxury goods groups and PRADA is the worldwide exclusive licensee of the design, development, manufacture, advertising, promotion and distribution of the PRADA and MIU MIU trademarks.