On February 13, 2018, Seadrill Partners LLC (SDLP) reached an agreement with the majority of lenders on an amended Term Loan B credit agreement (TLB Facility) to waive the leverage covenant until the maturity of the loan in February 2021. Concurrent with the TLB waivers, SDLP has sought waivers from three of its other secured facilities (the Secured Facilities). Orrick represented the Conflicts Committee of SDLP (the Conflicts Committee) in relation to both the waivers under the Secured Facilities and the amendments under the TLB.

The Firm is representing Riverwood Capital LLC (“Riverwood”) and Blackstone Group L.P. (“Blackstone”) in connection with their proposed acquisition of C.P.S. Comunicaciones S.A. (“Metrotel”) for $190 million from Sociedad Comercial del Plata S.A. and TDC Holdings S.A. The transaction is subject to regulatory approvals and customary closing conditions.

Metrotel provides telecommunications services in Argentina and operates one of the largest fiber optic networks in the City of Buenos Aires and surrounding area.

Skadden is advising VTB Infrastructure Investments in the $2.5 billion acquisition of a 29.1 percent stake in Russian food retailer Magnit from Magnit's founder and Chief Executive Sergey Galitskiy.

Cravath represented the European Investment Bank in connection with its $4 billion registered notes offering. The European Investment Bank, which functions as the bank of the European Union, supports projects that make a significant contribution to growth, employment, economic and social cohesion and environmental sustainability, both in the EU and beyond. The notes were listed on the Luxembourg Stock Exchange. The transaction closed on February 13, 2018.

The Cravath team included partner Philip J. Boeckman and associates Winnie Ling, Norman J. Walczak and Ingo M. Berner.

Jones Day advised Cardinal Health in the $1.2 billion sale of its Cardinal Health China business to Shanghai Pharmaceuticals Holding Co., Ltd.

Jones Day is acting for NewSat Limited, a formerly publicly listed Australian satellite company, on the instruction of its receivers from McGrathNicol in relation to a claim against NewSat's CEO and Chairman for breaches of directors' duties. NewSat, backed by U.S. and European lenders, was involved in attempting to build Australia's first commercial satellite business and collapsed in 2015 following its entry into and failure to comply with a number of satellite project contracts relating to the construction and launch of an Australian satellite.

contact: Roger Dobson

THQ Nordic AB (publ) has through its wholly owned subsidiary SALEM einhundertste Holding GmbH (Austria) acquired 100 percent of the share capital in Koch Media GmbH, including the games publisher Deep Silver with the AAA-intellectual property rights such as Saints Row, Dead Island and exclusive licence for Metro.
 
Koch Media is a leading, independent producer and marketer of digital entertainment products in Europe and North America with studios in Germany, the UK and the US and offices in several Central and Northern European cities.
 

Baker McKenzie advised Selecta AG (“Selecta”), a leading European vending and coffee services provider on its sale of Selecta Finland to JOBmeal. This was a 'forced' sale, as EU antitrust regulators cleared Selecta’s proposed acquisition of Dutch peer Pelican Rouge, subject to the divestment of all their vending service activities in Finland.

Global law firm Norton Rose Fulbright has advised Al Rayan Bank Plc (Al Rayan) on a £250 million Shariah-compliant securitisation of home purchase plans (HPPs). The firm acted as structuring and documentation counsel.

The transaction, Tolkien Funding Sukuk No. 1 Plc (Tolkien), is the first Shariah-compliant public HPP backed securitisation in the UK. It is also the first public securitisation in the UK to be issued under the UK’s “alternative finance arrangements” regime designed to facilitate Shariah-compliant securitisations.

Gide has advised Extérion Média France on the dispute regarding the temporary service concession for the operation of street furniture displaying general or local information, as well as advertising, to Somupi, a company of group JC Decaux.