Cleary Gottlieb represented long-time client Petróleos Mexicanos (Pemex), the Mexican state oil company, in its £450 million Regulation S offering of 3.750 percent notes due 2025.
The securities were issued under Pemex’s medium-term notes program. The transaction is Pemex’s first British pound sterling debt offering since 2009.
The transaction closed on November 16, 2017.
Davis Polk advised Roche Holdings, Inc. as to U.S. law in connection with its cash tender offer for up to €250 million aggregate principal amount of its 6.50% notes due 2021.
Headquartered in Basel, Switzerland, Roche is an international research-focused health care group, which is active in over 100 countries and employs more than 94,000 people worldwide.
The Davis Polk corporate team included partner John Banes, counsel Radoslaw Michalak and associate Andrew B. Samuel. All members of the Davis Polk team are based in the London office.
Taylor Wessing advised InflaRx GmbH on its Initial Public Offering (IPO) on the Nasdaq stock exchange in New York. In connection with the IPO, InflaRx GmbH has become a subsidiary of the newly incorporated InflaRx N.V. InflaRx N.V. has offered and fully placed new shares with proceeds from the issue of around 100 million US-$ in its public offer in the United States.
Cleary Gottlieb represented BBVA, Citigroup, J.P. Morgan and Santander as initial purchasers in a global bond offering by Axtel S.A.B de C.V. of its $500 million 6.375 percent senior notes due 2024.
The offering was conducted as a private placement in the United States under Rule 144A and an offshore offering in reliance on Regulation S. The transaction priced on November 9, 2017, and closed on November 14, 2017.
Skadden represented the underwriters in a $4.5 billion offering of government-guaranteed bonds by the Japan Bank for International Cooperation.
L1 has a track record of investing in renewable energy including providing debt financing to onshore wind farms, energy from waste plants and energy efficient street lighting.
The banking, real estate, construction and energy teams from Burges Salmon have advised L1 Renewables Limited (L1) in relation to a £12 million refinance of the facility granted to the owners of the 12 turbine Allt Dearg wind farm near Lochgilphead, Scotland.
Osborne Clarke has advised Aberdeen Standard Investments and funds managed by it, and IDCM Limited on a €22.5m refinancing for the Pensions Infrastructure Platform (PiP) on a portfolio of six UK solar farms.
Aberdeen Standard provided a long-term 18.5-year debt financing for PiP on a 29.4MW collection of assets owned by its Multi-Strategy Infrastructure Fund (MSIF). MSIF acquired the projects – located in Kent, the Midlands and Yorkshire – in an unlevered deal at the beginning of 2017 from China’s Trina Solar.
Shearman & Sterling represented BNP Paribas and HSBC as initial purchasers on CMA CGM’s €250 million issuance of 5.250% senior notes due 2025. The notes are being issued as additional notes under CMA CGM’s existing indenture governing its €500 million 5.250% senior notes due 2025 issued on October 24, 2017. The net proceeds of the offering, which closed on November 9, 2017, will be used to redeem existing indebtedness.
White & Case LLP has advised Deutsche Bank, Crédit Agricole CIB and Bank of America Merrill Lynch, as Global Coordinators and Joint Bookrunners, on the offering of €600 million 4.125% Senior Notes due 2024 by Europcar Drive D.A.C, and BNP Paribas and HSBC, as Global Coordinators and Joint Bookrunners, on the offering of €350 million 2.375% Senior Secured Notes due 2022 by EC Finance plc.
Led by Frankfurt-based partner Michael Schlitt Hogan Lovells advised voxeljet AG on a EU 25 million loan provided by the European Investment Bank.
The loan documentation is governed by Luxembourg law. As part of the transaction, voxeljet AG's US subsidiary also issued a guarantee to the European Investment Bank.
voxeljet AG is a leading manufacturer of 3D printing systems for industrial applications and is specialized on Powder-Binder-Jetting of plastic and sand.
Hogan Lovells team for voxeljet AG:
Frankfurt