Berwin Leighton Paisner (BLP) has advised Blackstone Real Estate Debt Strategies (BREDS) on providing a £323m loan to refinance existing debt, facilitate a corporate reorganisation and develop St Giles Circus, a cutting edge mixed-use project in the heart of London’s West End. The financing has been structured as separate senior and mezzanine facilities, to allow flexibility on syndication and leveraging.
Ashurst has advised Australian-incorporated, NYSE-listed mining and inorganic chemical business, Tronox Limited and its Australian subsidiaries (Tronox) on the refinancing of its existing term loan and asset based lending facilities and notes, including a US$2.150 billion term loan, a US$550 million asset based lending facility and a US$450 million note issue.
Slaughter and May advised Santander Consumer (UK) plc (SCUK) as originator, seller and servicer, and Santander UK plc as account bank, in relation to SCUK's Motor 2017-1 UK auto loan ABS transaction.
Simpson Thacher represented Viridian Group FinanceCo PLC and Viridian Power and Energy Holdings DAC (together, the “Issuers”), wholly owned subsidiaries of Viridian Group Investments Limited (“Viridian”), an I Squared portfolio company and a leading vertically integrated utility active in the Irish energy markets, in connection with a Rule 144A and Regulation S offering of £225 million aggregate principal amount of 4.75% Senior Secured Notes due 2024 and €350 million aggregate principal amount of 4% Senior Secured Notes due 2025.
Dentons has advised Coca-Cola Icecek Anonim Sirketi (CCI), the Coca-Cola bottler for Turkey, Central Asia, Pakistan and the Middle East, on its successful issue of US$500 million 4.215% Notes due 2024 (Rule 144A/Regulation S). CCI is the first Turkish corporate issuer in the Eurobond market in 2017, and last issued in 2013. Dentons acted as English, United States and Turkish counsel to the company.
Freshfields Bruckhaus Deringer (“Freshfields”) has advised Midea, the Chinese-listed home appliances company, on the refinancing and restructuring of its €4.6bn acquisition of Kuka AG, the Frankfurt-listed robotics company. The refinancing was arranged with a syndicate of 15 Chinese banks led by Bank of China.
The firm also advised on a restructuring of the way in which Midea holds its shares in Kuka, which included a German regulatory approval process with German financial regulator BaFin.
Orrick advised leading emerging markets telecom and digital media company Millicom International Cellular in its issue of a $500 million, 10-year, 5.125% bond issued under Rule 144A/Regulation S, and its $600 million tender and redemption of its existing 6.625% bonds.
Shearman & Sterling represented Credit Suisse, Société Générale, BNP Paribas, Crédit Agricole, ING, UniCredit and CaixaBank as initial purchasers on Masaria Investments’ €600 million high yield bond offering. The bond consisted of €275 million 5% senior secured fixed rate notes due 2024 and €325 million senior secured floating rate notes due 2024.
Shearman & Sterling advised the joint bookrunners, led by Morgan Stanley, in connection with Intralot’s €500 million senior notes offering. The notes pay interest at a rate of 5.25% per annum due 2024. The proceeds from the offering were used to fully redeem Intralot’s senior notes maturing in May 2021 and to repay Intralot’s syndicated facilities, and will also be used for general corporate purposes.
Simpson Thacher, acting as sole international counsel, represented BNP Paribas, The Hongkong and Shanghai Banking Corporation Limited, Merrill Lynch International, MUFG Securities EMEA plc, Shinhan Asia Limited and Shinhan Investment Corp., as joint lead managers in connection with the offering of U.S.$350 million of 3.75% Tier II Subordinated Notes due 2027 by Shinhan Bank under its U.S.$6 billion Global Medium Term Note program. The offering was conducted in reliance upon Rule 144A and Regulation S under the U.S. Securities Act of 1933, as amended.