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Banking & Finance - Capital Markets: Structured/Project Finance

Clifford Chance advises senior banks in the financing of € 405 million for the construction of the Stadium of Light, the new stadium of Olympique Lyonnais

01 Aug 2013

The Land of Montout, 100% subsidiary of Olympique Lyonnais Groupe (OL Group) has completed the financing for the construction of the new stadium of Olympique Lyonnais.

This funding includes an equity financing of € 135 million, bond financing of € 112 million (signed by an entity of the Vinci group for an amount of € 80 million and the Caisse des Dépôts et Consignations for an amount of € 32 million) , a senior bank financing of € 146.5 million and finance leases of € 8.231 million.

Norton Rose Fulbright advises on €39.5m New Garbagnate Milanese Hospital PPP

15 Jul 2013

Global legal practice Norton Rose Fulbright has advised Banca IMI, Intesa Sanpaolo, MPS Capital Services Banca per le Imprese and Banco Popolare on a €39.5 million project financing to Garbagnate Salute S.p.A. (Garbagnate), which entered into a concession agreement with Infrastrutture Lombarde S.p.A. and Azienda Ospedaliera G. Salvini in 2010 to design, construct and operate the new hospital in Garbagnate.

The shareholders of Garbagnate are Pessina Costruzioni S.p.A. (majority shareholder), Carbotermo S.p.A. and CO.GE Costruzioni Generali S.p.A.

Clifford Chance advises the lenders on Thameslink project worth circa £1.6bn

11 Jul 2013

International law firm Clifford Chance advised the senior lenders on the £1.6bn (approx) project financing of new Siemens rolling stock for the Thameslink Programme.  The transaction combined a PPP and rolling stock lease model, specialist non-OEM financial equity and dedicated credit support for the project from Siemens Financial Services.

The deal involves a long term concession comprising the design, construction, maintenance of 1,140 electric multiple carriages, to be leased to the franchised train operator on the Thameslink route.

Clifford Chance advises on MMG's Dugald River US$1 billion project financing

04 Jul 2013

Beijing, Singapore: Leading international law firm Clifford Chance has advised China Development Bank Corporation (CDB) on a 13-year debt facility agreement of up to US$1 billion to finance MMG's Dugald River project, which involves the development and construction of a zinc, lead and silver mine located in north west Queensland, Australia. The Firm advised on the English, Hong Kong and Singapore law aspects of the financing transaction.

WFW advises HSH Nordbank AG on the financing of 12 solar power plants to be built in France

01 Jul 2013

Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised IKaV Renewable S.à r.l (IKaV) on the acquisition of four ground-mounted photovoltaic plants in Sardinia, Italy from REC Systems Italy S.r.l. The plants have a total capacity of 8 MWp.

IKaV is a Luxembourg investment fund specialized in the renewable energy sector. The acquisition is the latest transaction for IKaV on which WFW’s multi-disciplinary and international team has successfully advised.

Lloyds TSB - pension scheme Trustee on the disposal of securitised assets

01 Jul 2013

Slaughter and May, working alongside Sacker & Partners LLP, advised the Trustee of Lloyds TSB Group Pension Trust (No.1) Limited on the securitisation aspects of the disposal of its share of a portfolio of re-securitised US residential mortgage-backed securities for £1.16 billion. In the same transaction, Lloyds Banking Group (the 'Group') sold its share of the portfolio for £3.3 billion. The transaction is part of the Group's continued capital accretive non-core asset reduction.

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Herbert Smith Freehills advises on A$247 million wind farm project

27 Jun 2013

Herbert Smith Freehills has advised Mandated Lead Arranger and Bookrunner, National Australia Bank Limited, and Mandated Lead Arrangers Bank of China Limited, Bank of Communications Co. Ltd., China Construction Bank Corporation and Industrial and Commercial Bank of China Limited to achieve financial close of the AU$247.2 million construction and term facilities limited recourse project financing for the 165.5MW Gullen Range Wind Farm near Goulburn, New South Wales in Australia.

Breaking new ground in Vietnam

17 Jun 2013

A&O advises on USD9bn Nghi Son Refinery deal, the largest international project financing the country has seen in over 20 years.

Further highlighting our reputation as one of the top go-to firms in the region, A&O is advising the export credit agencies and commercial lenders on the USD5bn financing of the Nghi Son Refinery and Petrochemical (NSRP) project in Vietnam. Total project costs are in excess of USD9bn.