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European Investment Bank's $5 Billion Registered Notes Offering

31 Jan 2018

Cravath represented the European Investment Bank in connection with its $5 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 January 17, 2018.

Proskauer Advises DN Capital on €200 Million Venture Capital Fund

31 Jan 2018

International law firm Proskauer represented DN Capital on closing its fourth venture capital fund, DN Capital – Global Venture Capital IV LP, with €200 million in commitments.

The fund is dedicated to investing in seed-stage and series A-level startups in Europe, with an emphasis on Germany and the UK as well as selective investments in France and the Nordics. Remaining investments will be in the U.S., primarily in Silicon Valley.

Ensco plc $1 Billion Senior Notes Offering and Concurrent Tender Offer

31 Jan 2018

Davis Polk advised the representatives of the several underwriters, in an SEC-registered offering by Ensco plc of $1 billion aggregate principal amount of its 7.75% senior notes due 2026.

Davis Polk also advised the dealer managers in connection with Ensco’s concurrent cash tender offer for its outstanding 8.50% senior notes due 2019, 6.875% senior notes due 2020 and 4.70% senior notes due 2021. The tender offer was funded with the proceeds of the notes offering.

Ensco plc $1 Billion Senior Notes Offering and Concurrent Tender Offer

31 Jan 2018

Davis Polk advised the representatives of the several underwriters, in an SEC-registered offering by Ensco plc of $1 billion aggregate principal amount of its 7.75% senior notes due 2026.

Davis Polk also advised the dealer managers in connection with Ensco’s concurrent cash tender offer for its outstanding 8.50% senior notes due 2019, 6.875% senior notes due 2020 and 4.70% senior notes due 2021. The tender offer was funded with the proceeds of the notes offering.

Hunton & Williams Advises on Commercial Close for $1.8 Billion Cambodian Expressway Project

31 Jan 2018

Hunton & Williams LLP is pleased to announce its role as lead transaction counsel to China Road and Bridge Corporation in a $1.8 billion public-private partnership (PPP) development of a 190-kilometer expressway in Cambodia.

CRBC, one of the world's largest construction companies, signed the toll-risk concession agreement with the Cambodian government on Jan. 11, 2018, in the presence of the Chinese premier and Cambodian prime minister during the Mekong-Lancang Cooperation summit meetings between China, Cambodia, Thailand, Myanmar, Laos and Vietnam.

Allen & Overy LLP advises Commerzbank Aktiengesellschaft in connection with financing for the Buissons wind farm in France

31 Jan 2018

Allen & Overy LLP has advised Commerzbank Aktiengesellschaft in connection with the financing for the Buissons wind farm in France. The wind farm consists of 7 Vestas, V117-3.45 turbines and has a total capacity of 24.15 megawatt. The project developer and operator of the wind farm is Volkswind GmbH, a member of the Swiss AXPO group, which is one of the leading project developers in Germany and abroad.

Allen & Overy advises banking syndicate in connection with the issue of a mortgage Pfandbrief by Erste Group Bank AG

31 Jan 2018

Allen & Overy LLP has advised Landesbank Baden-Württemberg (technical lead), Crédit Agricole Corporate and Investment Bank, Credit Suisse Securities (Europe) Limited, DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main and Erste Group Bank AG as joint lead managers on all German law issues relating to the successful issue of a fixed-rate mortgage Pfandbrief with a total nominal amount of EUR 1 billion by Erste Group Bank AG.

Osborne Clarke advises Solarplicity on 133MW sale of solar assets

31 Jan 2018

International legal practice Osborne Clarke has advised Solarplicity, one of the UK’s leading renewable energy providers, on the sale of 133MW of solar assets.

The transaction is for a UK-wide portfolio of 22 ground-based and 6 roof-top solar assets. The projects are all eligible for subsidy payments under the Renewable Obligation Certificates or Feed-in-Tariff schemes both of which are adjusted in line with RPI. Solarplicity Service Ltd will continue to operate and maintain the portfolio over the long term.