Shearman & Sterling advised Citigroup Global Markets and Clarksons Platou Securities, as Joint Bookrunning Managers, on Global Ship Lease's high yield notes offering of $360 million, 9.875% first priority secured notes due 2022. The notes are guaranteed on a senior secured basis by Global Ship Lease and all of its vessel owning subsidiaries. The offering, which was conducted pursuant to Rule 144A and Regulation S under the US Securities Act, closed on October 31, 2017. 

Global law firm White & Case LLP has advised Autostrade per l'Italia S.p.A. on the update of its €7 billion Euro Medium Term Note Programme, issuances under which will be listed on the Irish Stock Exchange.

The White & Case team which advised on the Italian and English law aspects of the transaction was led by partners Michael Immordino (Milan & London) and Ferigo Foscari and local partner Paul Alexander (both Milan), together with associates Louise Ruggiero and Davide Diverio and lawyer Marco Sportelli (all Milan).

Schulte represented the agents and lead arrangers in connection with a $200-million U.S. dollar-denominated term loan and a $35-million U.S. dollar-denominated revolving credit facility for ThoughtWorks Inc., a global software development and digital transformation consulting company. Proceeds from the facility were used in connection with the acquisition of ThoughtWorks by funds affiliated with private equity firm Apax Partners LP.

Cleary Gottlieb represented The Export-Import Bank of Korea (KEXIM) in its SEC-registered triple-tranche offering of $600 million floating-rate notes due 2022, $400 million 2.50 percent notes due 2020 and $1 billion 3.00 percent notes due 2022.

The transaction was a takedown from KEXIM’s shelf registration statement under Schedule B. The offering priced on October 24, 2017, and closed on November 1, 2017.

Simpson Thacher recently represented the underwriters, led by Goldman Sachs (Asia) L.L.C. and Credit Suisse Securities (USA) LLC, in connection with the offering by Weibo Corporation (“Weibo”) of US$900 million principal amount of 1.25% Convertible Senior Notes due 2022 (the “Notes”). The offering was made pursuant to Rule 144A and Regulation S, which included the exercise in full of the option to purchase an additional US$100 million principal amount of the Notes granted by Weibo.

International law firm Hogan Lovells recently represented the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution,  in the extension of a US$20 million secured loan facility in favor of Bien Para Bien (BPB) in Mexico.

Davis Polk advised Banco de Crédito del Perú in connection with the Rule 144A/Regulation S offering of its S/2 billion aggregate principal amount of 4.850% senior notes due 2020.

Based in Lima, BCP is the largest commercial bank in Peru, providing a full range of corporate, retail and investment banking products to clients through a nationwide distribution network.

Allen & Overy has advised the joint lead managers and joint bookrunners in connection with the offering of USD2 billion sovereign bonds by the Ministry of Finance of the People’s Republic of China.

This is the first foreign currency bond offering by the Ministry of Finance since 2004. The USD2 billion sovereign bond issue consisted of a USD1 billion 5-year tranche and a USD1 billion 10-year tranche.
 

Six solar plants totalling 400MW in Ben Ban area
Largest portfolio of projects developed by the same sponsor group as part of the Egyptian Phase 2 FiT program

International law firm Clifford Chance advised the financiers, European Bank for Reconstruction and Development (EBRD), Islamic Development Bank (IsDB) and Islamic Corporation for the Development of the Private Sector (ICD), on the financing for six solar projects in Egypt.

King & Wood Mallesons (KWM) advised Suncorp Group Limited (Suncorp) on its latest Capital Notes offer, which has raised AU$300 million under the broker firm and institutional components of the offer following a successful bookbuild process.