Ashurst advised Wheelabrator Technologies on a new loan financing supporting the construction of the Ferrybridge Multifuel 2 energy-from-waste facility in West Yorkshire, the second project in the Multifuel Energy Ltd. partnership with SSE.
DLA Piper represented Natixis, the international corporate, investment, insurance and financial services arm of Groupe BPCE – the second-largest banking group in France – in its US$125million financing for ground-up construction of a mixed use building at One Light Street in Baltimore. The project is being developed by Madison Marquette, and M&T Bank is the lead tenant.
Lombard Odier has co-sponsored the first high-impact debt transaction launched by the International Committee of the Red Cross (ICRC). It involves a number of European parties, including governments and private investors which have successfully collaborated to commit CHF 26 million to fund the construction and operation of three physical rehabilitation centers of the ICRC in Mali, Nigeria and the Democratic Republic of Congo. This innovative financing links a targeted social outcome to a financial return, i.e.
Global law firm Norton Rose Fulbright has advised Société Générale on the USD227m financing of the purchase of ten 46,000 dwt medium range tankers by Oman Shipping Company.
HSH Nordbank AG financed the acquisition of four shopping centres in Germany for Madison International Realty (Madison) in joint venture with Redos group. Madison assumed the original financing, existing at the time of the acquisition of the Christie portfolio at the end of 2016, which is now refinanced by HSH Nordbank. The parties agreed to keep the terms of the financing confidential.
Dentons is pleased to have advised Metro Bank on providing £22 million in funding to real estate investment company Aprirose for its acquisition of a portfolio of 73 pubs from Mitchells & Butlers.
The pub portfolio purchased by Aprirose using the debt facility from Metro Bank includes 65 freehold and eight leasehold pubs across England, Scotland and Wales. The pubs will operate under a new pub company banner, Milton Pubs and Taverns, and will be managed by pub operator LT Management Services.
Noerr has advised the electronics manufacturer Luxshare on the financing of the strategic acquisition of ZF Friedrichshafen’s Global Body Control Systems Unit. With this transaction, the group from Hong Kong also took over the product line Radio Frequency Electronics.
A cross-border Orrick team of lawyers in Paris, London, Munich and Beijing advised European Investment Bank (EIB), European Bank for Reconstruction and Development (EBRD), Denmark’s Export Credit Agency EKF and German bank Nord/LB on the $120 million debt and equity financing of a 54MW onshore wind farm in the Sainshand region, Mongolia.
McCann FitzGerald acted for Sky Aircraft Leasing International Limited, as originator and S-JETS 2017-1 Limited, as issuer, in respect of a US$780m asset backed securitisation transaction which completed on 22 August 2017.
DLA Piper has advised Mitsubishi UFJ Financial Group (MUFG) on the financing of the 39.1Mw Tom Nan Clach CfD windfarm project in Scotland by Nanclach Limited, an entity managed and operated by Belltown Power Limited.
This is the second CfD supported on-shore windfarm financing that DLA Piper's Energy sector has closed in quick succession, following Nord/LB's project financing of the Coire Na Cloiche windfarm in Scotland at the end of July.