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Banking & Finance - Capital Markets: Debt

Clifford Chance advises Deutsche Glasfaser Group on 650 million EUR refinancing

30 Jan 2018

Clifford Chance has advised the Deutsche Glasfaser Group on its refinancing of 650 million EUR.

Refinancing serves to further expand the fiber-optic infrastructure in Germany, especially in rural areas. The expansion of broadband coverage is an important requirement for the increasing digitization of the economy and society.

Herbert Smith Freehills advises on RMB1 billion dim sum bond by India's ITNL Offshore

29 Jan 2018

Leading global law firm Herbert Smith Freehills has advised the managers and trustee on ITNL Offshore Pte Ltd's RMB1 billion dim sum bond, one of the largest dim sum issues by an Indian corporate.

The 7.5 per cent Regulation S only senior unsecured bonds due 2021 were listed on the Singapore Stock Exchange and guaranteed by ITNL Offshore's parent company, IL&FS Transportation Networks Limited, one of India's leading surface transportation infrastructure companies.

DLA Piper (Canada) LLP advises Tidewater Midstream and Infrastructure Ltd. on $125 million private placement of senior notes

29 Jan 2018

DLA Piper (Canada) LLP represented Tidewater Midstream and Infrastructure Ltd (TSX: TWM) in the issuance of $125 million aggregate principal amount of 6.75% senior unsecured notes due 2022, by way of a private placement. The private placement successfully closed on December 19, 2017. Tidewater will use the net proceeds from the private placement for repayment of indebtedness under its existing credit facility, drawn to fund its various capital projects, and for general corporate purposes.

Herbert Smith Freehills advises on RMB1 billion dim sum bond by India's ITNL Offshore

29 Jan 2018

Leading global law firm Herbert Smith Freehills has advised the managers and trustee on ITNL Offshore Pte Ltd's RMB1 billion dim sum bond, one of the largest dim sum issues by an Indian corporate.

The 7.5 per cent Regulation S only senior unsecured bonds due 2021 were listed on the Singapore Stock Exchange and guaranteed by ITNL Offshore's parent company, IL&FS Transportation Networks Limited, one of India's leading surface transportation infrastructure companies.

Herbert Smith Freehills advises on RMB1 billion dim sum bond by India's ITNL Offshore

29 Jan 2018

Leading global law firm Herbert Smith Freehills has advised the managers and trustee on ITNL Offshore Pte Ltd's RMB1 billion dim sum bond, one of the largest dim sum issues by an Indian corporate.

The 7.5 per cent Regulation S only senior unsecured bonds due 2021 were listed on the Singapore Stock Exchange and guaranteed by ITNL Offshore's parent company, IL&FS Transportation Networks Limited, one of India's leading surface transportation infrastructure companies.

Kakao’s $1 Billion Offering

26 Jan 2018

Cleary Gottlieb represented Kakao Corp. in a $1 billion Rule 144A/Regulation S offering of global depositary shares.

The GDSs are expected to be listed on the Singapore Stock Exchange on February 2, 2018. Citigroup and Goldman Sachs International acted as the joint global coordinators and bookrunners for the offering, which closed on January 23, 2018.

Kakao Corp. operates Korea’s leading instant messaging service as well as leading mobile and online platforms in Korea.

DLA Piper (Canada) LLP advises Tidewater Midstream and Infrastructure Ltd. on $125 million private placement of senior notes

26 Jan 2018

DLA Piper (Canada) LLP represented Tidewater Midstream and Infrastructure Ltd (TSX: TWM) in the issuance of $125 million aggregate principal amount of 6.75% senior unsecured notes due 2022, by way of a private placement. The private placement successfully closed on December 19, 2017. Tidewater will use the net proceeds from the private placement for repayment of indebtedness under its existing credit facility, drawn to fund its various capital projects, and for general corporate purposes.

Ensco plc $1 Billion Senior Notes Offering and Concurrent Tender Offer

26 Jan 2018

Davis Polk advised the representatives of the several underwriters, in an SEC-registered offering by Ensco plc of $1 billion aggregate principal amount of its 7.75% senior notes due 2026.

Davis Polk also advised the dealer managers in connection with Ensco’s concurrent cash tender offer for its outstanding 8.50% senior notes due 2019, 6.875% senior notes due 2020 and 4.70% senior notes due 2021. The tender offer was funded with the proceeds of the notes offering.

Kakao’s $1 Billion Offering

25 Jan 2018

Cleary Gottlieb represented Kakao Corp. in a $1 billion Rule 144A/Regulation S offering of global depositary shares.

The GDSs are expected to be listed on the Singapore Stock Exchange on February 2, 2018. Citigroup and Goldman Sachs International acted as the joint global coordinators and bookrunners for the offering, which closed on January 23, 2018.

Kakao Corp. operates Korea’s leading instant messaging service as well as leading mobile and online platforms in Korea.