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Banking & Finance - Capital Markets: Debt

Davis Polk Advises Sumitomo Mitsui Banking Corporation on Its $1.5 Billion Notes Offering

20 Oct 2017

Davis Polk advised Sumitomo Mitsui Banking Corporation in connection with a global medium-term note program update and a benchmark takedown, which consisted of $750 million aggregate principal amount of 2.092% senior notes due 2019 and $750 million aggregate principal amount of senior floating-rate notes due 2019, each guaranteed by SMBC’s New York branch.

SMBC is one of world’s largest commercial banks by assets.

Davis Polk Advises Sumitomo Mitsui Financial Group, Inc. on Its $2.5 Billion SEC-Registered Notes Offering

20 Oct 2017

Davis Polk advised Sumitomo Mitsui Financial Group, Inc. on its SEC-registered takedown offering of senior TLAC notes, which consisted of $1.25 billion aggregate principal amount of 2.778% senior notes due 2022, $750 million aggregate principal amount of 3.352% senior notes due 2027 and $500 million aggregate principal amount of floating-rate senior notes due 2022. The notes are structured to count as total loss-absorbing capacity (“TLAC”) when TLAC regulations are implemented in Japan.

Gide advised Gecina on the buyback of notes for EUR274 million approx. and a new issue of EUR700 million

20 Oct 2017

Gide advised Gecina on its tender offer on three series of notes due respectively in 2019, 2021 and 2023, for a total amount of approximately EUR 274 million.

Simultaneously, Gecina issued EUR 700 million 1.375 per cent. notes due in 2028 and admitted to trading on the regulated market of Euronext Paris.

Gide’s team was led by Arnaud Duhamel (partner), assisted by Laurent Vincent (counsel), Aude-Laurène Dourdain and Louis Ravaud.

The bank syndicate was assisted by Allen & Overy.

Gide advised Gecina on the buyback of notes for EUR274 million approx. and a new issue of EUR700 million

20 Oct 2017

Gide advised Gecina on its tender offer on three series of notes due respectively in 2019, 2021 and 2023, for a total amount of approximately EUR 274 million.

Simultaneously, Gecina issued EUR 700 million 1.375 per cent. notes due in 2028 and admitted to trading on the regulated market of Euronext Paris.

Gide’s team was led by Arnaud Duhamel (partner), assisted by Laurent Vincent (counsel), Aude-Laurène Dourdain and Louis Ravaud.

The bank syndicate was assisted by Allen & Overy.

Addleshaw Goddard's Restaurants, Bars and Pubs team advises cocktail bar group in expansion shakeup

20 Oct 2017

Addleshaw Goddard's Restaurants, Bars and Pubs team has advised leading cocktail bar group, Be at One, on a refinancing deal set to expand the group's national portfolio.

The deal will help the group to achieve its plans to increase the number of bars across the UK from 33 to 70. Launched in 1988 with its first bar in Battersea, the premium cocktail bar group has since grown exponentially, and now boasts a widespread footprint across the UK, with venues in: London, Bath, Brighton, Bristol, Cardiff, Leeds, Liverpool, Manchester, Milton Keynes, Norwich, Oxford and Reading.

Jeantet advises Figeac Aéro on its issuance of ORNANEs for an amount of €100 M

19 Oct 2017

Jeantet advised Figeac Aéro, a leading partner of major aerospace manufacturers, on the issuance of net share settled bonds convertible into new shares and/or exchangeable for existing shares (ORNANEs) by way of a private placement placed to qualified institutional investors, for a nominal amount of approximately €100 million.

The ORNANEs, the nominal value per bond of which has been set at €25.72, will mature on October 18, 2022 and will bear interest at an annual nominal rate of 1.125%.

Slaughter and May advised NewDay Cards - debt issue under credit card, store card and instalment credit securitisation`

19 Oct 2017

Slaughter and May advised NewDay Cards Ltd (NewDay Cards) and its affiliates in relation to a public debt issue under its credit card, store card and instalment credit securitisation.

The transaction involved the issuance, through a master trust structure, of £298.5 million of Series 2017-1 Floating Rate Asset Backed Notes (the Series 2017-1 Notes) by NewDay Partnership Funding 2017-1 plc.

WOLF THEISS ADVISES BANK GROUP IN THE RECAPITALIZATION OF AGIC CAPITAL AND ITS SLOVENIAN SUBSIDIARY FOTONA

17 Oct 2017

Wolf Theiss advises the bank group consisting of UniCredit, RBI, NLB and SKB BANKA in the recapitalization of AGIC and its subsidiary, Fotona (Slovenia, USA) in a re-financing. The transaction was closed on 4 October 2017.

Asia-Germany AGIC Capital is an Asian-European private equity investor focused on industrial technology companies in the European and North American mid-market which acquired Fotona, a U.S. and Slovenia based developer of high-tech laser systems and components, primarily used in medicine, aesthetics, surgery, gynecology, and dentistry.

GSK Stockmann advised Barings on the refinancing of the Vattenfall headquarters in Berlin

16 Oct 2017

GSK Stockmann comprehensively advised Barings Real Estate Advisers on the refinancing of the Vattenfall headquarters in Berlin.

Barings Real Estate Advisers and ING Bank successfully closed the refinancing of the Vattenfall headquarter in Berlin. The refinancing for the building with a size of 18,900 sqm Chausseestraße/ Zinnowitzer Straße amounts to approx. 47 mio. Euro and has been closed in September.

Barings Real Estate Advisers bought this building in Berlin-Mitte in May; the building is fully let to Vattenfall.

Hogan Lovells Represents Banco Do Brasil SA in US$1 billion Issuance of Senior Debt

13 Oct 2017

International law firm Hogan Lovells has advised Banco do Brasil SA, one of the largest banks in Latin America, in issuing US$1 billion in senior debt through Euro Medium Term Note Program.

The bond has a term of 7 years and yield of 4.7% per year.

This issue represents the return of Brazilian majority state-owned financial institution Banco do Brasil to the international debt market after three years.