Orrick has acted on SapphireOne Auto 2017-1, the first public automobile asset-backed securities transaction, by My Money Bank. Relying on the use of a French securitization fund, the transaction backs a mix of auto loan and lease contracts to borrowers in the French overseas territories of La Reunion, Guadeloupe, Martinique and French Guiana.

In addition, the leasing contracts within the deal are structured to finance both the leasing installments, as well as the residual values of the leased vehicles.

Clifford Chance has advised Global Jet Capital, Inc., as servicer, and Business Jets Securities LLC, as issuer, on the issuance of $496,810,000 Class A Notes Series 2018-1, $74,150,000 Class B Notes Series 2018-1 and $37,070,000 Class C Notes Series 2018-1 rated A (sf), BBB (sf) and BB (sf), respectively, by Kroll Bond Rating Agency. The Notes are secured by cash flow generated by various leases and loans of business jet aircraft serviced by Global Jet Capital, Inc. This is the first ABS capital markets financing backed exclusively by business jet assets.

Squire Patton Boggs has advised Leeds City Region Revolving Investment Fund (RIF) in providing loans to the developer behind the Axiom regional shopping centre, which will be located directly off Junction 32 of the M62 motorway in the centre of Yorkshire, England’s largest county.

Sidley advised First Quantum Minerals Ltd. on its issuance of US$850 million Senior Notes Due 2024 and US$1.0 billion Senior Notes Due 2026. The proceeds of the issuance will be used to repay the company’s revolving credit facility with a view to providing liquidity sufficient to fund the company’s share of remaining capital expenditures at the Cobre Panana project, to repay its term loan facility, for general corporate purposes and to pay fees associated with the offering.

Ashurst advised Natixis as sole structuring mandated lead arranger, sole bookrunner, sole underwriter and hedging bank, and MPS in relation to the first non-recourse project financing of the SUPERNAP Italia data centre in Italy.

Simpson Thacher represented a finance subsidiary of Cognita in connection with a Regulation S offering of £60 million in aggregate principal amount of its 7.75% Senior Notes due 2021. The transaction closed on February 22, 2018. The proceeds of the offering, together with local bank debt, will be used to acquire the American British School in Chile and pay related local transaction costs, with the remaining amounts to be used to fund cash on balance sheet for general corporate purposes and to pay transaction costs and expenses related to the placement of the Notes.

Cleary Gottlieb is representing Fidessa group plc (Fidessa) in relation to the recommended all cash offer from Temenos Group AG (Temenos) to acquire the entire issued and to be issued share capital of Fidessa.

The offer is expected to be effected by means of a scheme of arrangement under Part 26 of the UK Companies Act 2006.

Fidessa is a global provider of multi-asset trading and investment software and infrastructure solutions to the world’s financial markets. Temenos is a global provider of integrated software to banks and other financial institutions.

Hunton & Williams LLP advised Darden Restaurants, Inc. (Darden),  in connection with its tender offer (and related consent solicitation) for up to up $450,000,000 of its outstanding senior notes and an SEC-Registered offering of $300,000,000 aggregate principal amount of 4.550% senior notes due 2048. The proceeds of the senior notes offering were used to fund a portion of Darden’s tender offer.

Global law firm Norton Rose Fulbright has advised Albaraka Turk Katilim Bankasi A.S. (Albaraka Turk) on the issuance of its $205 million additional tier one capital (AT1) Sukuk.

The Basel III compliant Sukuk is the first AT1 in Turkey and was issued through a special purpose vehicle, Bereket One Ltd., by way of a private placement. The Sukuk was admitted to the official list and to trading on the regulated market of the Irish Stock Exchange.

Global law firm Norton Rose Fulbright has advised Albaraka Turk Katilim Bankasi A.S. (Albaraka Turk) on the issuance of its $205 million additional tier one capital (AT1) Sukuk.

The Basel III compliant Sukuk is the first AT1 in Turkey and was issued through a special purpose vehicle, Bereket One Ltd., by way of a private placement. The Sukuk was admitted to the official list and to trading on the regulated market of the Irish Stock Exchange.