Ashurst LLP has advised the lenders on the refinancing of Park Resorts' debt facilities. The refinancing, which is due to complete within the next two weeks, will reduce the existing senior debt from £353 million to £316 million and extend maturity to December 2017. The transaction will also see funds managed or advised by Electra Partners (including Electra Private Equity plc and third party investors) become the majority shareholders in the company. Existing shareholder GI Partners will become a minority shareholder, together with management.

The international law firm Clifford Chance advised Banco Santander, S.A., HSBC, Natixis and UniCredit as Lead Managers on a EUR 600 million German auto loan securitisation. The auto loans were originated and sold by Santander Consumer Bank AG to SC Germany Auto 2013-2 UG.

Allen & Overy advised Credit Suisse Securities (Europe) Limited, London, and Close Brothers Seydler Bank AG, Frankfurt am Main, as joint bookrunners on the placement of New York law governed high-yield bonds of TAG Immobilien AG (TAG) with a total volume of EUR 200 million and a term of five years.  Application has been made for inclusion of the bonds in trading on the Open Market (Entry Standard) of the Frankfurt Stock Exchange with participation in the Prime Standard for corporate bonds.

Slaughter and May is advising Unilever on the issue by Unilever N.V. of EUR750 million 1.75% notes due 2020 under Unilever's US$15 billion Debt Issuance Programme. The notes are to be issued on 5 August 2013 and are guaranteed by Unilever PLC and Unilever United States, Inc. The Joint Lead Managers to the issue are Deutsche Bank, Goldman Sachs, Mizuho and RBS. The issuance will be Unilever's first bond issue in the Euro markets in five years.
 

Simmons & Simmons has advised Marlin Financial Group Limited on the issuance of its £150 million Reg S/144A high yield senior secured bonds and entry into a £25 million new revolving credit facility.

The issuance will enable Marlin Financial, one of the leading purchasers of defaulted consumer debt in the United Kingdom, to refinance the company’s existing indebtedness and fund future debt purchase transactions. Marlin Financial is a portfolio company of Duke Street.

Slaughter and May advised International Finance Facility for Immunisation Company ('IFFIm') on its issuance of US$700,000,000 Floating Rate Notes due 2016 (the 'Notes') pursuant to its Global Debt Issuance Programme. The Notes provide investors with an opportunity to fund immunisation programmes by the GAVI Alliance, helping protect millions of children in the world's poorest countries against preventable diseases.

Frankfurt; Global legal practice Norton Rose Fulbright has advised Bankhaus Lampe KG and Baader Bank Aktiengesellschaft as joint lead manager and joint bookrunners on the issuance of €75m corporate bonds by DIC Asset AG. DIC Asset plans to refinance existing bank loans at portfolio and real estate level with the proceeds from the emission and use parts thereof for general corporate purposes.

A team from Clifford Chance's Amsterdam capital markets department advised ING on a securitisation of a portfolio of EUR 2.2bn Dutch residential mortgage loans originated by WestlandUtrecht Bank, a wholly owned subsidiary of ING Bank N.V.  The portfolio of mortgage loans backs the six classes of notes issued by Orange Lion 2013-10 RMBS B.V. All notes (including the subordinated notes, which can be considered to be a new market development) are placed with investors and are listed on NYSE Euronext. The Class A Notes have received the PCS-label. The lead managers are ING Bank N.V.

Clifford Chance and Al-Jadaan & Partners have advised BNP Paribas Investment Company KSA and GIB Capital LLC (GIB Capital) in their roles as joint lead managers and bookrunners on the issuance by SBG Sukuk Limited of its fourth short-term sukuk al-murabaha, guaranteed by Saudi Binladin Group Limited (SBG).  The financing is part of an approximately SAR12 billion financing of one of the phases of construction and development of the King Abdulaziz International Airport.

Ashurst has advised an international banking consortium comprising Commerzbank Aktiengesellschaft as technical lead, Deutsche Bank AG, London Branch, DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main and Landesbank Hessen-Thüringen Girozentrale on the successful issuance of a €350 million 5-year corporate bond by STADA Arzneimittel AG (STADA). Interest on the bond is 2.250 per cent. per annum.