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Banking & Finance - Capital Markets: Structured/Project Finance

Milbank Wins European Telecoms Deal of the Year at the IJGlobal Europe and Africa Awards for O3b Networks

15 Mar 2016

LONDON, 11 March, 2016 - On the same night that O3b Networks was named “Satellite Operator of the Year” at the Via Satellite Excellence Awards in Washington, DC, the company was also celebrating on this side of the Atlantic after being named “European Telecoms Deal of the Year” at the Infrastructure Journal (IJGlobal) Awards in London.

Milbank, Tweed, Hadley & McCloy LLP advised O3b Networks in connection with its US$1.7 billion financing of a constellation of satellites to support fast broadband connections.

BBVA-led syndicate refinances thermosolar plant in Badajoz, Spain

14 Mar 2016

Jones Day advised a syndicate of lenders formed by Banco Bilbao Vizcaya Argentaria, Banco Santander, Caixabank, Bankia, Banco Sabadell, and the Instituto de Crédito Oficial (ICO) in connection with the €239 million (US$263.3 million) refinancing of a thermosolar plant with a total generating capacity of 49.9 MW located in Badajoz, Spain, and promoted by Elecnor, S.A., a Spain-based company engaged in the promotion, development and administration of projects within the energy, telecommunications, transport and environmental sectors.

Norton Rose Fulbright advises Peel Hunt and JP Morgan Cazenove on placing for Redefine International

03 Mar 2016

Norton Rose Fulbright has acted for Peel Hunt as sponsor and for Peel Hunt and J.P Morgan Cazenove as joint bookrunners on a placing by Redefine International plc which raised gross proceeds of approximately £115 million to finance the acquisition of the second tranche of a property portfolio.

The placing occurred in both the UK and in South Africa.

Redefine International plc is a FTSE 250 income focused UK REIT and is listed on the London Stock Exchange.

Norton Rose Fulbright advises on US$1.12 billion Angola FPSO financing for Bumi Armada

02 Mar 2016

Norton Rose Fulbright has advised Standard Chartered Bank, Singapore as documentation bank on behalf of a syndicate of lenders on the US$1,119,702,500 limited recourse project financing of the “Armada Olombendo” floating production, storage and offloading vessel (FPSO) for Bumi Armada Berhad.

Clifford Chance advises NIBC Bank Deutschland AG on the financing of a solar power system lease programme

29 Feb 2016

Clifford Chance has advised NIBC Bank Deutschland AG on the financing of the solar power system lease programme of MEP Werke GmbH.

The financing provided by NIBC Bank Deutschland AG via a special-purpose entity that has been established specifically for this transaction (Deutsche Ökostrom Limited) is used by the MEP Group to purchase solar power systems in order to support its growth in the sector.

Bond Dickinson CMS and Stephenson Harwood advise on first of its kind £200 million-plus rail finance deal

26 Feb 2016

Bond Dickinson, CMS and Stephenson Harwood LLP advised on the £200 million-plus financing of a replacement suburban train fleet for Govia Thameslink Railway (GTR). The innovative structure involved new rolling stock lessor, Rock Rail, with investment by SL Capital and Aviva Investors – the deal was the first of its kind in UK rail finance.

This strategically significant investment will see passengers on GTR's Great Northern’s suburban routes enjoy a modern, high-quality environment, with a more frequent service.  GTR were advised by Bond Dickinson.

Wiersholm assisted the lenders in financing Europe's largest onshore wind power project

26 Feb 2016

We acted for the senior lenders in a syndicate led by Skandinaviska Enskilda Banken AB (publ) in connection with the financing of an acquisition of 40% of the partnership interests in Fosen Vind DA.

The shares were purchased by Nordic Wind Power DA, a European investor consortium established by Credit Suisse Energy Infrastructure Partners.

Trowers & Hamlins provides funding and tax advice to Tirion Group on one of Wales' largest urban regeneration projects

25 Feb 2016

Trowers & Hamlins has provided funding and tax advice to Tirion Group for the not-for-profit organisation's 'Ely Mill' project, the development of the former Arjo Wiggins Paper Mill site in Cardiff.  The £100 million project is intended to help address the shortage of affordable housing in the area and is one of Wales' largest urban regeneration projects.

Dentons advises Global Gaming Ventures on its financing of a New Casino in Leeds

25 Feb 2016

Dentons has advised Global Gaming Ventures (Group) Limited (GGV) with respect to their financing of a new casino in Leeds.

The Gambling Act 2005 provided bidders with the opportunity to establish 8 new large and 8 new small casino licences. GGV has won, through rigorous tender processes, at least two of these new large casino premises licences in Leeds and Bath. It is currently competing for a third licence.

Ashurst advises banks on €2.6 billion project financing and €200 million bridge loan for Pedemontana Lombarda toll road

25 Feb 2016

Ashurst has advised Banca IMI, UniCredit, Banca Popolare di Milano, UBI Banca and MPS Capital Services who have been mandated on the structuring of a project financing of up to €2.6 billion for the construction of the Pedemontana Lombarda toll road.

Ashurst has also advised the same syndicate of banks together with Intesa Sanpaolo on a €200 million bridge loan for the refinancing of the existing bridge loan.