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Banking & Finance - Capital Markets: Debt

Dentons advises Societe Generale and HSBC on €215 million of investment facilities to Generator Hostels

16 Jan 2018

Dentons has advised Societe Generale, London Branch and HSBC Bank plc on €215 million of investment facilities to Generator Hostels, which is owned by the private equity real estate fund manager Queensgate Investments. Generator Hostels are designed to combine affordable luxury rooms with unique social events for travellers and locals of the cities in which they currently operate across Europe and the US.

Milbank Advises Goshawk Aviation Group on Return to Schuldschein Market

16 Jan 2018

The international law firm Milbank, Tweed, Hadley & McCloy LLP has advised Goshawk Aviation Group on its US$100 million Schuldschein issuance. Commerzbank AG and BNP Paribas acted as joint lead arrangers.

Following its successful first Schuldschein issuances in 2016, Goshawk Aviation Group has again raised proceeds with the popular German law debt instrument to finance its continuing strong growth. The Schuldschein loans have a maturity of five years.

Swire Properties - first green bond issue - issue of US$500 million 3.50% Guaranteed Notes by Swire Properties MTN Financing

16 Jan 2018

Slaughter and May, Hong Kong, advised Swire Properties Limited on the first green bond issue by its wholly-owned subsidiary, Swire Properties MTN Financing Limited, of US$500 million 3.50% Guaranteed Notes due 2028. The Notes were issued under Swire Properties' US$4 billion Medium Term Note Programme. The Notes are guaranteed by Swire Properties Limited and are listed on the Hong Kong Stock Exchange.

Ashurst advises Pedemontana Veneta on €1.57 billion bond issue

16 Jan 2018

International law firm Ashurst has advised Superstrada Pedemontana Veneta S.p.A. on a €1.57 billion bond issue to finance the construction of the Pedemontana Veneta toll road.

The bond issue, which closed on the 29 November 2017, is divided into two tranches: €1.221 billion, variable Rate (EONIA +1% undrawn, 5% drawn) Senior Secured Amortizing Notes due 2047; and €350 million 8% Subordinated Secured Notes due 2027 . Both tranches are listed on the Irish stock exchange in Dublin.

Ashurst represents PT Trans Media Corpora in a financing transaction

16 Jan 2018

Ashurst advised PT Trans Media Corpora as borrower in connection with a financing transaction. PT Trans Media Corpora owns leading television, cable and online networks including Trans TV, Trans 7, Trans Vision, Detik and CNN Indonesia.  The Borrower is a part of the PT CT Corpora group.

PT CT Corpora ("CT Corp") is a rapidly growing, diversified Indonesian-based corporate group which is active in financial services, media, lifestyle, entertainment and natural resources and has strongly-positioned companies across various sectors and markets in Indonesia.

Shandong Ruyi Technology Group $100 Million Senior Notes Offering

16 Jan 2018

Davis Polk advised the sole global coordinator, sole bookrunner and sole lead manager on a Regulation S only offering of $100 million 6.95% senior notes due 2022 (to be consolidated and form a single class with the $200 million 6.95% senior notes due 2022 issued on July 5, 2017 after the SAFE Completion Event with respect to both the original notes and the new notes has occurred) by Prime Bloom Holdings Limited, a wholly owned subsidiary of Shandong Ruyi Technology Group Co., Ltd., guaranteed by Shandong Ruyi and Forever Winner International Development Limited.

Milbank Advises Goshawk Aviation Group on Return to Schuldschein Market

15 Jan 2018

Milbank, Tweed, Hadley & McCloy LLP has advised Goshawk Aviation Group on its US$100 million Schuldschein issuance. Commerzbank AG and BNP Paribas acted as joint lead arrangers.

Following its successful first Schuldschein issuances in 2016, Goshawk Aviation Group has again raised proceeds with the popular German law debt instrument to finance its continuing strong growth. The Schuldschein loans have a maturity of five years.

WFW advises on Maas Capital’s Italian solar portfolio refinancing

15 Jan 2018

Watson Farley & Williams (“WFW”) advised Dutch investor Maas Capital Renewables, part of ABN AMRO Private Equity, on the circa €38m refinancing of its solar portfolio comprising of six ground-mounted photovoltaic plants.

The plants, with a total installed capacity of 15.6 MWp, are located in the Molise, Puglia and Lazio regions of Italy.

KWM advises Comsys on A380 acquisition and refinancing

12 Jan 2018

King & Wood Mallesons (KWM) advised Comsys Financial Leasing (Comsys) on its acquisition and finance leasing of an A380 aircraft to Mauritius-based operating lessor, Veling Group (Veling), with a 12 year operating lease attached to Emirates. Comsys financed its acquisition of the aircraft with a secured loan from a PRC policy bank.

The KWM team was lead drafting counsel on the finance leasing transaction as well as on the secured loan transaction.