Global law firm White & Case LLP has advised J.P. Morgan and BNP Paribas, as Joint Global Coordinators, on the offering of €600 million Senior Notes by France-based leading global engineering services company Novafives.
The transaction was divided in two tranches – €325 million 5.00% Fixed Rate Senior Secured Notes due 2025, and €275 million Floating Rate Senior Secured Notes due 2025.
Davis Polk advised the joint book-running managers on an SEC-registered offering by Diageo Capital plc of $500 million aggregate principal amount of floating-rate notes due 2020, $500 million aggregate principal amount of 3.000% notes due 2020, $500 million aggregate principal amount of 3.500% notes due 2023 and $500 million aggregate principal amount of 3.875% notes due 2028, in each case guaranteed by Diageo plc.
Davis Polk advised The Royal Bank of Scotland Group plc (RBSG) in connection with its SEC-registered offering of $1.75 billion aggregate principal amount of 4.892% fixed-rate/floating-rate senior notes due 2029.
Davis Polk advised Nederlandse Waterschapsbank Bank N.V. in connection with the annual update of its €60 billion Rule 144A/Regulation S debt issuance program. In the 12 months prior to the update, Davis Polk advised NWB Bank in connection with senior notes issuances totaling $5.25 billion.
Vinson & Elkins served as counsel to the initial purchasers in Neptune Energy Group Limited’s offering of 6 5/8% senior notes in an aggregate principal amount of $550 million. The size of the offering increased from $500 million, indicated at launch on 23 April, to $550 million. The offering closed on 11 May.
International law firm Proskauer advised Cheyne Capital Management and Vanderbilt Holdings Limited on the provision of an additional £12.5 million in funding to Vanderbilt Homes to support its growth plans. Proskauer also advised in relation to the refinancing of Vanderbilt Homes’ senior debt with Barclays and RBS, who extended their £35 million revolving credit facility for an additional three years.
Shearman & Sterling represented the underwriters, led by NatWest Markets Securities Inc., in connection with The Royal Bank of Scotland Group plc's offering of $1.75 billion 4.892% fixed-rate/floating-rate senior notes due 2029. The joint bookrunners included Credit Suisse, JP Morgan, Morgan Stanley and UBS Investment Bank.
The Royal Bank of Scotland, headquartered in Edinburgh, has a diversified customer base and provides a wide range of products and services to personal, commercial and large corporate and institutional customers.
Simpson Thacher represented United Group B.V. (“United Group”), a KKR portfolio company, in connection with the solicitation of consents from the holders of United Group’s 4.375% Senior Secured Notes due 2022 (the “Notes”) to waive and approve an amendment to certain provisions contained in the Notes, as set forth in the consent solicitation statement dated May 3, 2018.
Simpson Thacher recently represented SMBC Nikko Securities America, Inc., as sole bookrunner, in connection with Sumitomo Mitsui Banking Corporation’s (“SMBC”) reopening of its senior floating rate notes due 2020 originally issued in January 2018 under SMBC’s US$50 billion Global Medium Term Notes Program. The offering of $750 million of senior floating rate notes were guaranteed by SMBC’s New York branch and offered and sold in reliance on the exemption from SEC registration provided in Section 3(a)(2) of the Securities Act.
A&O advised Metinvest on its offering of USD945m 7.750% senior notes due 2023 and USD648m 8.500% senior notes due 2026 and the tender offer and consent solicitation of Metinvest’s USD1.2bn restructured senior secured notes due 2021.