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Petróleos Mexicanos Issues $4 Billion Offering

13 Feb 2018

Cleary Gottlieb is representing long-time client Petróleos Mexicanos (Pemex), the Mexican state oil company, in its $4 billion Rule 144A/Reg S debt offering with registration rights, and in two concurrent liability management transactions.

Pemex’s debt offering of 5.350 percent notes due 2028 and 6.350 percent bonds due 2048, under its medium-term notes program, launched and priced on February 1, 2018. The liability management transactions also launched simultaneously on February 1, 2018.

Repricing of $1.417 Billion First-Lien Credit Facility for Cision Ltd

13 Feb 2018

Davis Polk advised the administrative agent and joint lead arrangers in connection with the repricing of the $1.342 billion term loan facility and the $75 million revolving loan facility for Cision Ltd. The repricing accomplished a 100 basis point reduction in the applicable margin on the U.S. dollar-denominated term loans and a 75 basis point reduction in the applicable margin on the Euro-denominated term loans and on the U.S. dollar revolving credit facility. 

Latham Advises Global Infrastructure Partners on the Acquisition of Italo – Nuovo Trasporto Viaggiatori

13 Feb 2018

Deal represents the largest European buyout to date in 2018.

Global Infrastructure Partners (GIP), a leading global, independent infrastructure investor, has announced that its third equity fund, Global Infrastructure Partners III, has agreed to acquire 100 percent of the equity interest of Italian railway operator Italo – Nuovo Trasporto Viaggiatori S.p.A. (Italo) for Euro 1.94 billion in cash.

PARTNER MOVES - MinterEllison drives growth with addition of M&A specialist

13 Feb 2018

MinterEllison is pleased to announce that Chris Allen has joined the firm's M&A practice as a partner.

Based in the firm's Sydney office, Mr Allen's appointment strengthens MinterEllison's already impressive M&A and private equity capability.

MinterEllison's corporate/M&A team across Australia has over 50 partners and more than 150 lawyers.