Canadian natural gas distribution company Enbridge Inc. completed a public offering of $1 billion aggregate principal amount of 5.50% fixed-to-floating rate subordinated notes due 2077. Paul, Weiss represented the underwriters, Deutsche Bank Securities Inc., Barclays Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, and HSBC Securities (USA) Inc., in the transaction.

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

Davis Polk advised ORIX Corporation in connection with its SEC-registered shelf takedown of $750 million aggregate principal amount of 2.900% notes due 2022 and $500 million aggregate principal amount of 3.700% notes due 2027.

ORIX, one of Japan’s leading financial services groups, provides a broad range of commercial and consumer finance products and services to corporate and retail customers in Japan and overseas.

Frankfurt/Berlin—Global law firm Dentons has advised HIT Holzindustrie Torgau OHG and HIT Holzindustrie Torgau Verwaltungsgesellschaft mbH on a loan over, in aggregate, €140 million in the context of a refinancing of a €130 million loan. The loan is secured by assets of the HIT group.

Watson Farley & Williams (“WFW”) advised long-standing client ADIF-Alta Velocidad (“ADIF-AV”), the Spanish state-owned high-speed rail infrastructure administrator, on its €600m green bond issuance. The bond, which has a six year term at a 0.8% rate of interest, was placed via a syndicate of international banks comprising BBVA, BNP Paribas, Crédit Agricole and Santander.

As ADIF-AV is part of the Spanish Ministry of Public Works, this represents Spain’s first green bond issuance by a publically-owned entity.

Global law firm White & Case LLP has advised on four Italian deals to finance Atlantia, C.M.C. di Ravenna, Intesa Sanpaolo and Kedrion with a total value of more than €4 billion.

ATLANTIA'S €1 BILLION NOTES ISSUANCE

Global law firm White & Case LLP has advised on four Italian deals to finance Atlantia, C.M.C. di Ravenna, Intesa Sanpaolo and Kedrion with a total value of more than €4 billion.

ATLANTIA'S €1 BILLION NOTES ISSUANCE

Global law firm White & Case LLP has advised on four Italian deals to finance Atlantia, C.M.C. di Ravenna, Intesa Sanpaolo and Kedrion with a total value of more than €4 billion.

ATLANTIA'S €1 BILLION NOTES ISSUANCE

Simpson Thacher, acting as sole international counsel, represented Société Générale, as arranger and dealer, and BNP Paribas, Citigroup Global Markets Inc., Commerzbank Aktiengesellschaft, Crédit Agricole Corporate and Investment Bank, The Hongkong and Shanghai Banking Corporation Limited, ING Bank N.V., Singapore Branch, J.P.

Simpson Thacher, acting as sole international counsel, represented Société Générale, as arranger and dealer, and BNP Paribas, Citigroup Global Markets Inc., Commerzbank Aktiengesellschaft, Crédit Agricole Corporate and Investment Bank, The Hongkong and Shanghai Banking Corporation Limited, ING Bank N.V., Singapore Branch, J.P.

Shearman & Sterling advised Cooperativa Muratori & Cementisti-C.M.C. di Ravenna Società Cooperativa (CMC) on its €250 million high yield bond offering.

The €250 million senior notes mature in 2022 and have a fixed coupon of 6.875%.   The notes are listed on the Official List of the Luxembourg Stock Exchange and traded on the Luxembourg Stock Exchange’s Euro MTF market.