DLA Piper served as legal counsel on the sale of the Suffolk Downs racetrack for US$155 million.

A DLA Piper team, led by partner Bryan Connolly (Boston), represented Sterling Suffolk Racecourse, LLC, in the sale and leaseback of the 161-acre property, which is located in both East Boston and Revere, Massachusetts. The Boston-based DLA Piper team representing Sterling Suffolk also included partner Geoff Howell, of counsel Bruce Barnett and associate Paul Evans. Negotiation of the purchase and sale agreement and the lease for the buyer were handled by Ropes & Gray.

Shearman & Sterling advised a syndicate of international and local banks in connection with the development and financing of the US$870 million 1.17 GW Sweihan Solar PV Independent Power Project located near Sweihan in Abu Dhabi.

Slaughter and May has advised Tottenham Hotspur on the financing of its new stadium in North London, known as the Northumberland development project (the “Stadium Financing”). The financing arrangements comprise a £400m term loan facility agreement which will be available to Tottenham Hotspur Stadium Limited to fund the ongoing construction of the new stadium and include a £25 million revolving credit facility available to Tottenham Hotspur Football & Athletic Co. Ltd.

Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised the sponsor, Amiral Holdings, and the project company, Sonker Bunkering Company (‘Sonker’), on the financing of Sonker’s proposed bulk liquids storage terminal at Sokhna Port in Egypt.

[Cologne, 2017-05-18] GÖRG advised Trianel Windkraftwerk Borkum II GmbH & Co. KG (TWB II) on the legal issues involved in its search for an investor for the Trianel Borkum II wind farm. TWB II has now obtained the requisite financing and made its investment decision (construction decision), which means the ‘Financial Close’ has taken place. All suppliers, including Senvion, the turbine vendor, have received notices to proceed, which means all project-related contracts have therefore entered into force and effect.

Herbert Smith Freehills is delighted to have advised Aventus Retail Property Fund (Aventus) on its A$215 million underwritten 1 for 4.3 accelerated pro rata non-renounceable entitlement offer of units in Aventus (Units), announced to the ASX on 30 May 2017 (Offer).

The Offer consists of an accelerated institutional rights issue and a retail rights issue, at an issue price of A$2.32 per new Unit.

Ashurst advised private debt funds managed by Bluebay Asset Management LLP (BlueBay) and Joh. Berenberg, Gossler & Co. KG (Berenberg) on the refinancing of Deutsche Fachpflege Group (DFG), a portfolio group of financial investor Chequers Capital. 

Ashurst advised the refinancing trees with separate teams:

Clifford Chance has advised one of Thailand's largest solar independent power producers, BCPG Public Company Limited, on its approximately US$28.5 million investment into a wind power project in the Philippines through an indirect acquisition of 40 percent equity in PetroWind Energy Inc. (PWEI). PWEI was incorporated in 2013 to develop and operate the 50 MW Nabas Wind Power Project in Nabas, Aklan, the Philippines.

Allen & Overy has advised the sponsor consortium of PT Bhumi Jati Power on the project financing of the Tanjung Jati B coal-fired power plant Units 5&6 Expansion Project in Indonesia.

 PT Bhumi Jati Power, the project company, is a joint venture between Sumitomo Corporation, The Kansai Electric Power Company, Incorporated, and PT United Tractors Tbk.

Watson Farley & Williams (“WFW”) has advised Crédit Agricole CIB (“CA-CIB”) as mandated lead arranger, facility agent and security trustee and the Korea Development Bank as arranger, on the commercial financing for Minsheng Financial Leasing of four Airbus A320-200s (MSNs 5744, 5807, 5893 and 5898) currently on lease to India carrier IndiGo.