Resource

 

 

 

 

 

 

 

 

 

 

 

Latham & Watkins Advises Eni S.p.A on its $2 billion US Bond Issuance

17 Sep 2018

Innovative transaction applies the Acupay System structure to accommodate tranches of securities in US dollars issued outside the US.

Eni has successfully returned to the US market and priced a dual tranche fixed rate bond issue with maturities of 5 and 10 years for a total principal amount of USD 2 billion. The transaction applies the innovative Acupay System structure to accommodate tranches of securities from Italian issuers in US dollars offered and sold both inside and outside the US.

Stephenson Harwood advises ABN AMRO Bank on US$60 million financing for Scorpio Bulkers Inc.

17 Sep 2018

Law firm Stephenson Harwood LLP has advised ABN AMRO Bank, in its capacity as agent for itself and Norddeutsche Landesbank Girozentrale , on a US$60 million secured loan facility for Scorpio Bulkers Inc.

The facility will be used to re-finance two Ultramax dry bulk vessels – SBI Perseus and SBI Phoebe – and two Kamsarmax dry bulk vessels – SBI Electra and SBI Flamenco – as well as to provide additional liquidity for the group.

Clifford Chance advises Süddeutsche Krankenversicherung on acquisition of Five Boats property in Duisburg

17 Sep 2018

German Health Insurer Süddeutsche Krankenversicherung a.G. (SDK) has completed another real estate transaction as part of its new real estate acquisition strategy. International law firm Clifford Chance advised SDK on the acquisition of the office property Five Boats in Duisburg from Hannover Leasing.

The Five Boats office building in Duisburg's Inner Harbor offers around 20,000 square metres of office space and is fully let.

Clifford Chance advises banking consortium on EUR 2.75 billion Siemens bond

17 Sep 2018

Clifford Chance has advised a banking consortium led by Morgan Stanley and including Commerzbank, ING, Société Générale, UniCredit Bank as well as other banks on a bond issuance by Siemens Financieringsmaatschappij N.V.

The bond guaranteed by Siemens AG amounts to a total volume of EUR 2.75 billion and was issued in three tranches, maturing in 2023, 2027 and 2030 and bearing interest at 0.375 percent, 1.000 percent and 1.375 percent respectively.

Siemens generated very strong demand resulting in an order book of EUR 6.8 billion.

Dentons advises NEPI Rockcastle on EU254 million acquisition of majority stake in Mammut shopping center in Budapest, Hungary

17 Sep 2018

Budapest--Dentons advised real estate investor and developer NEPI Rockcastle on the acquisition of 100% of Mammut 2 and 81% of Mammut 1, which jointly form the Mammut shopping center in Budapest, from leading global private equity firm Lone Star, for EU254 million. With this transaction, NEPI Rockcastle becomes the owner of two shopping malls in Budapest, following last year's purchase of Arena Plaza. The investment is part of NEPI's strategic plans to enhance its shopping mall portfolio in Central and Eastern Europe (CEE).

DLA Piper advises LaSalle Hotel Properties in merger with Pebblebrook Hotel Trust for estimated US$5.2 billion

17 Sep 2018

DLA Piper represented LaSalle Hotel Properties (NYSE: LHO) in a definitive merger agreement under which Pebblebrook Hotel Trust (NYSE: PEB) will acquire 100% of LaSalle's outstanding common shares. The transaction, which is subject to customary closing conditions, including approval by LaSalle shareholders and Pebblebrook shareholders, is expected to close in the fourth quarter of 2018.

The transaction is valued at approximately US$5.2 billion.

DLA Piper advises Verivox on the acquisition of digital insurance manager app from Getsafe

17 Sep 2018

DLA Piper has advised Verivox on the takeover of a brokerage business and the insurance manager app solution from Getsafe. The app enables customers to manage existing insurance contracts digitally, receive advice online and acquire new insurance policies. In future, Getsafe will be focusing exclusively on growth as a digital insurance provider. The companies have agreed not to disclose the purchase price.

Hogan Lovells advises Pekao Bank Hipoteczny on the issue of public mortgage bonds worth PLN 350 million

14 Sep 2018

The Warsaw Hogan Lovells office advised Pekao Bank Hipoteczny on the issue of public mortgage bonds.

This has been the first issuance of this type on the Polish market for five years. The total value of the issuance carried out by Pekao Bank Hipoteczny on August 30, 2018 amounted to PLN 350 million, and the security pool consisted of receivables from loans granted to local government units.