Shearman & Sterling advised Naviera Armas, a subsidiary of Bahía de las Isletas, in connection with its offering of €300 million floating rate senior secured notes due 2024.  Naviera will use the proceeds of the offering to fund the acquisition of Trasmediterránea S.A., refinance part of the existing debt of Trasmediterránea and pay related fees and expenses.

Naviera Armas is one of the leading ferry operators for passenger and freight transportation services in the Canary Islands. 

Shearman & Sterling advised Cooperativa Muratori & Cementisti-C.M.C. di Ravenna Società Cooperativa (CMC) on its €325 million high yield bond offering. The €325 million senior notes mature in 2023 and have a fixed coupon of 6%. The notes are listed on the Official List of the Luxembourg Stock Exchange and traded on the Luxembourg Stock Exchange’s Euro MTF market. The proceeds from the offering were mainly used to repurchase and redeem CMC’s existing senior notes due 2021 and to pay fees and expenses related to the transaction.

Slaughter and May advised International Finance Facility for Immunisation Company (“IFFIm”) on its issuance of US$300 million Floating Rate Notes due 2020 (the “Notes”) pursuant to its Global Debt Issuance Programme. The Notes provide investors with an opportunity to fund immunisation programmes by the GAVI Alliance, helping protect millions of children in the world's poorest countries against preventable diseases.

Trowers & Hamlins has advised, as UAE legal counsel, the syndicate of banks, led by First Abu Dhabi Bank, HSBC, J.P. Morgan Securities, MUFG Securities EMEA, BNP Paribas, Citigroup Global Markets Limited, Mizuho International plc, Société Générale and Standard Chartered Bank, in relation to the offering of over USD3 billion secured bonds by Abu Dhabi Crude Oil Pipeline LLC.  Abu Dhabi Crude Oil Pipeline LLC is a wholly owned subsidiary of Abu Dhabi National Oil Company, the state-owned oil company of the Emirate of Abu Dhabi.

Paul, Weiss advised Calgary-based integrated energy company Suncor Energy Inc. in a public offering of $750 million of its 4.000% senior notes due 2047. Citigroup, HSBC and Mizuho Securities acted as joint book-running managers in the offering, closed November 15.

The Paul, Weiss team included corporate partners Christopher Cummings and Adam Givertz; tax partner David Mayo; and environmental counsel William O’Brien.

Canadian energy infrastructure company TransCanada PipeLines Limited completed a U.S. public offering $700 million aggregate principal amount of 2.125% senior notes due 2019 and $550 million aggregate principal amount of floating rate senior notes due 2019. Paul, Weiss represented the underwriters, led by MUFG Securities Americas Inc. and Deutsche Bank Securities Inc., in connection with the offering.

The Paul, Weiss team included corporate partner Christopher Cummings and counsel Stephen Centa; environmental counsel William O'Brien; and tax partner David Mayo.

Shearman & Sterling advised Titan Global Finance on its offering of €250 million 2.375 percent guaranteed notes due 2024, as well as its cash tender offer for its outstanding 4.25 percent guaranteed notes due 2019. The notes are guaranteed by Titan Cement, and the offering closed on November 16, 2017.

Shearman & Sterling advised Titan Global Finance on its offering of €250 million 2.375 percent guaranteed notes due 2024, as well as its cash tender offer for its outstanding 4.25 percent guaranteed notes due 2019. The notes are guaranteed by Titan Cement, and the offering closed on November 16, 2017.

DLA Piper has advised Bayn Europe AB (publ) (Bayn) on their securement of external financing through issuance of warranted convertible notes in several tranches, totaling SEK20 million spread over 24 months.

The tranches are subscribed by a fund managed by L1 Capital Pty, Ltd., an Australian fund manager additionally operating in the US and Europe. In connection with this transaction, Bayn will also issue free warrants to its existing shareholders to protect them against dilution. The warrants will be admitted to trading on Nasdaq First North.

Paul Hastings LLP announced that it has advised Intermediate Capital Group (“ICG”) on Senior Debt Partners III (“SDP3”), the largest pooled direct lending fund in Europe in 2017 to date (€5.2 billion).

The SDP3 transaction took from January to September 2017 to structure, document and close. The fund was oversubscribed and catered for a wide-range of investors, including a large number of pension fund and insurers.