Allen & Overy advises a consortium of banks on high yield notes for Flora Food Group
A&O advised Credit Suisse, Deutsche Bank and KKR on the offering by Flora Food Group of USD525m and EUR685m senior notes due 2026.
A&O advised Credit Suisse, Deutsche Bank and KKR on the offering by Flora Food Group of USD525m and EUR685m senior notes due 2026.
Allen & Overy has advised a group of loan facility and bonding facility providers in the refinancing and debt restructuring of Interserve plc, the international support services and construction group, announced on 30 April.
Led by partners Jochen Seitz (Frankfurt) and Pierre Reuter (Luxembourg) Hogan Lovells has advised on the update of the EUR 10 billion debt issuance programme of the Luxembourg subsidiary of Norddeutsche Landesbank – Girozentrale.
Global law firm White & Case LLP has advised Consolidated Energy Finance S.A., a financing subsidiary of Switzerland-based leading international methanol and fertilizer manufacturer Consolidated Energy Limited AG, on the issuance of two high yield bonds with a total volume of US$525 million.
The $125 million floating rate notes will be due in 2022. The $400 million fixed rate notes will be due in 2026 and have a coupon of 6.50%. Both bonds are listed on the Luxembourg Stock Exchange.
Leading global law firm Herbert Smith Freehills has advised China's State Grid Corporation, the world's largest utility and power grid corporation, on a dual-currency four-tranche issue of notes that raised US$2.5 billion.
The USD notes are listed on the Hong Kong Stock Exchange and the EUR notes are listed on Euronext Dublin.
Herbert Smith Freehills has advised Airport Motorway Limited and AMT Management Limited in its capacity as trustee of the Airport Motorway Trust on a new $226 million four year bank debt facility to support the Eastern Distributor in Sydney. The funds raised will be used to repay Eastern Distributor’s existing bank debt that is due to mature in July 2018.
A combined team from Hogan Lovells' Singapore and Beijing offices advised China Development Bank ("CDB") in connection with its US$270m loan to the Chinese aircraft lessor, Comsys (Tianjin) Leasing ("Comsys"). The loan was utilised to facilitate a series of transactions involving Comsys (as arranger), Veling (a UK and Mauritius-based aircraft lessor) and Emirates (lessee) and relating to the acquisition of an A380 aircraft by Comsys ultimately leased to and operated by Emirates.
A&O represented Schaeffler on its EUR3.6bn equivalent offering of EUR and USD senior secured PIK toggle notes due 2021, 2023 and 2026.
Clifford Chance advised ABN AMRO and Rabobank on structuring and documenting a new type of Dutch law governed bank bonds, called 'senior non-preferred notes'. The bond documentation has been integrated in each of ABN AMRO's and Rabobank's existing debt funding programme infrastructure. With the option to issue senior non-preferred notes, both banks are anticipating the entry into the force of a new law implementing the EU Bank Creditor Hierarchy Directive and amending the Dutch bankruptcy act – expected later this year.
A&O represented Goldman Sachs and UBS on the offering by EMI of USD350m 7.625% senior notes due 2024.