Shearman & Sterling advised Emeram Capital Partners on the refinancing of Boards & More. The refinancing comprised a Unitranche loan and a super senior facility. The financing structure has been tailored to provide the flexibility required for new strategic initiatives aimed to further strengthen Boards & More’s position in the market.
Leading global law firm Baker McKenzie advised Swiss building materials maker Arbonia AG on their issuance and placement of EUR 125 million promissory notes (Schuldscheine) with Commerzbank Aktiengesellschaft and Landesbank Baden-Württemberg as joint arrangers. The promissory notes were issued with terms of 5, 7 and 10 years each, bearing interest at a fixed rate. The notes were taken up by institutional investors as well as by major banks and savings banks in Germany and abroad.
Slaughter and May, Hong Kong, advised Swire Properties Limited on the annual update of the US$4 billion Medium Term Note Programme of Swire Properties MTN Financing Limited, its wholly-owned subsidiary (the Programme).
Notes issued under the Programme are guaranteed by Swire Properties Limited and may be listed on the Hong Kong Stock Exchange.
Contacts
Capital markets: Lisa Chung (partner), Stephanie Pun (associate), Suet Wa Wong (associate), Conrad Cheung (trainee)
Ashurst is pleased to have advised Custom Fleet on the establishment of its A$1 billion multi-series master trust securitisation of vehicle and equipment fleet leases.
Custom Fleet, part of Element Fleet Management Corp., a global leader in fleet leasing and management, is a leading fleet leasing company in Australia and New Zealand.
BAML, JPM and Westpac are the senior financiers in respect of the revolving warehouse.
Cleary Gottlieb represented long-time client Petróleos Mexicanos (Pemex), the Mexican state oil company, in its €3.15 billion debt offering and concurrent cash tender offer.
Davis Polk advised N.V. Bank Nederlandse Gemeenten (to be renamed BNG Bank N.V.) in connection with the annual update of its €100 billion Rule 144A/Regulation S debt issuance program. In the 12 months prior to the update, Davis Polk advised BNG Bank in connection with senior notes issuances totaling $11.0 billion.
Simpson Thacher represented The Korea Development Bank and UBS AG Hong Kong Branch, as joint global coordinators and joint bookrunners, and BOCI Asia Limited, as joint bookrunner, in connection with the offering of US$200 million subordinated capital securities by KDB Life Insurance Co., Ltd. The offering was conducted in reliance upon Regulation S under the Securities Act of 1933, as amended.
Global law firm White & Case LLP advised Milan-based independent management company FSI on the investment by FSI and Adler Plastic in Adler Group, a world leader in the automotive component devices.
White & Case also advised on the related consent solicitation regarding the high yield notes issued by Adler Pelzer Holding GmbH, a wholly owned subsidiary of Adler Group.
Cleary Gottlieb represented long-time client Corporación Nacional del Cobre de Chile (CODELCO), a Chilean state-owned company that is the world’s largest copper producer, in a $600 million Regulation S offering of 4.85 percent notes due 2048 listed in the Taipei Exchange.
The debt offering priced on April 30, 2018, and closed on May 18, 2018. HSBC Bank (Taiwan) Limited and BNP Paribas, Taipei Branch acted as joint book-running managers.
The transaction marked the first debut of a Chilean company into the Taiwanese bond market.
A cross-border Dechert LLP corporate & securities team recently closed three capital markets transactions in Kazakhstan.
Dechert advised JSC National Company KazMunayGas (“KMG”), the Kazakhstan state-owned oil and gas company, on its issuance of an aggregate of US$3.25 billion Eurobonds under its US$10.5 billion Global Medium Term Notes Programme established by KMG and its finance subsidiary KazMunaiGaz Finance Sub B.V (“KMG Finance”).