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Banking & Finance - Capital Markets: Debt

Ashurst advises Pedemontana Veneta on €1.57 billion bond issue

12 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.

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

12 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.

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

12 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.

White & Case Advises Banks on NewCo GB and Burger King France High Yield Offerings

12 Jan 2018

Global law firm White & Case LLP has advised the initial purchasers, including Credit Suisse and Goldman Sachs International as global coordinators and joint bookrunners, and BNP Paribas as joint bookrunner, on the high yield offering of €200 million principal amount 8.00%/8.75% Senior PIK Toggle Notes due 2022 by NewCo GB, a parent entity of Burger King France.

White & Case Advises Banks on NewCo GB and Burger King France High Yield Offerings

12 Jan 2018

Global law firm White & Case LLP has advised the initial purchasers, including Credit Suisse and Goldman Sachs International as global coordinators and joint bookrunners, and BNP Paribas as joint bookrunner, on the high yield offering of €200 million principal amount 8.00%/8.75% Senior PIK Toggle Notes due 2022 by NewCo GB, a parent entity of Burger King France.

Nemak, S.A.B. de C.V. Completes $500 Million Senior Notes Offering

12 Jan 2018

Paul Hastings LLP, a leading global law firm, represented Nemak, S.A.B. de C.V., a leading global supplier of aluminum components to automotive manufacturers, in an international bond offering. The offering involved the issuance of $500 million of 4.750% Senior Notes due 2025 pursuant to Rule 144A and Regulation S. The offering was the first high-yield debt issuance by a Mexican corporation in 2018. The underwriters involved were BNP Paribas, J.P. Morgan and Morgan Stanley.

Ashurst represents PT Trans Media Corpora in a financing transaction

11 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.

Norton Rose Fulbright advises GuarantCo on the provision of a Naira equivalent of USD 50m Callable Capital Facility to InfraCredit

11 Jan 2018

Global law firm Norton Rose Fulbright has advised GuarantCo, which has been acting in collaboration with the Nigeria Sovereign Investment Authority (NSIA), on the establishment of a new Nigerian entity, InfraCredit.

GuarantCo has provided a USD 50 million Callable Capital Facility to InfraCredit as part of its capital structure.

GuarantCo encourages infrastructure development in low income countries through the provision of credit guarantees that enable infrastructure projects to raise debt finance.

Norton Rose Fulbright advises GuarantCo on the provision of a Naira equivalent of USD 50m Callable Capital Facility to InfraCredit

11 Jan 2018

Global law firm Norton Rose Fulbright has advised GuarantCo, which has been acting in collaboration with the Nigeria Sovereign Investment Authority (NSIA), on the establishment of a new Nigerian entity, InfraCredit.

GuarantCo has provided a USD 50 million Callable Capital Facility to InfraCredit as part of its capital structure.

GuarantCo encourages infrastructure development in low income countries through the provision of credit guarantees that enable infrastructure projects to raise debt finance.

Shearman & Sterling Advises Goldman Sachs on Travelodge’s Private Placement of an Additional £30 Million Senior Secured Floating Rate Notes

10 Jan 2018

Shearman & Sterling advised the private placement agent, Goldman Sachs, on Travelodge’s private placement of an additional £30 million of its senior secured floating rate notes due 2023 issued by TVL Finance, an affiliate of Travelodge Hotels, pursuant to an indenture dated April 28, 2017. The proceeds of the private placement of the notes, together with cash on hand, were used to redeem certain existing indebtedness and pay transaction-related fees and expenses.