Interational law firm Watson Farley & Williams (“WFW”) has advised CSIC Leasing Co. Ltd (“CSIC Leasing”) on a US$65.5m sale and leaseback transaction with Eletson Corporation (“Eletson”), a Greek tanker owner and operator.
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.
CMS has advised PJSC Uralkali on its new $850 mln pre-export finance facility arranged by, among others, CACIB, UniCredit Bank, Commerzbank, Rosbank, Natixis and ING Bank.
PSJC Uralkali is one of the world largest producers and exporters of potash. The new financing provided by a diverse syndicate of international banks within a fairly short time period will be used for general corporate purposes, including repayment and refinancing of the company’s existing debt.
DLA Piper has advised AviaAM Financial Leasing China (AviaAM) on the acquisition, financing, leasing and delivery of eight Airbus A320 family aircraft for circa US$500 million.
Debt funding for the acquisition was provided by China Development Bank, Henan branch and the aircraft have each gone on a 12-year lease to the largest Russian air carrier, Aeroflot. The first three aircraft were all delivered on the same day with two delivered in Toulouse and one in Hamburg.
Watson Farley & Williams (“WFW”) advised a syndicate of banks and other European institutional funders on the procurement of senior debt facilities worth €182m granted to Autovía del Pirineo, S.A, a subsidiary of Iridium Concesiones de Infraestructuras (“Iridium”) and a member of the ACS Group, for the construction and operation of several sections of the A21 motorway in the Navarre region of northern Spain. The tenor of the financing is 20 years.
Norton Rose Fulbright has advised major financial institution Macquarie Bank Limited on a project financing to Perseus Mining Côte d'Ivoire, a subsidiary of Perseus Mining Limited, an ASX-listed, WA-based mining company.
The project loan facility will be used for the development and operating costs of the Sissingué gold project, which is understood to be the first ever project financing of a mining project in Côte d'Ivoire, and the first ever under the current Ivorian mining laws.
Clifford Chance has advised Commerzbank Aktiengesellschaft as mandated lead arranger on two loans for the acquisition of ZF Friedrichshafen's Global Body Control Systems business by Luxshare, headquartered in Hongkong. The transaction is subject to the approval of the relevant regulatory authorities.
Jurong Aromatics has been acquired by ExxonMobil to meet growing petrochemical demand in Asia
Clifford Chance US advised Sealed Air Corporation on the financing aspects of the US$3.2 billion sale of its Diversey Care business and related businesses to Bain Capital.
Clifford Chance has advised the AELA Group, a joint venture owned by Actis and Mainstream Renewable Power, on the financing of the development of the 170 MW Sarco and 129 MW Aurora wind farms located in Chile.