Osborne Clarke has advised London & Country Mortgages Limited (L&C), the UK’s leading fee free mortgage adviser, on its agreement with an information services provider to acquire a minority stake in L&C.
King & Wood Mallesons (KWM) advised the Clean Energy Finance Corporation (CEFC) on the project funding for the Wemen Solar Farm in Victoria and the Clermont Solar Farm in Queensland.
The two solar farms are being financed on a fully merchant basis with a long-term debt facility from the CEFC. As sole debt financier, the CEFC has committed to AU $207 million in funding.
The KWM team was led by Claire Rogers, with support from Senior Associate Chris Allfrey and solicitors Priscilla Hejtmanek and Sam Purcell.
Shearman & Sterling advised Credit Suisse as sole global coordinator on Pro-Gest S.p.A.’s €250 million inaugural high yield bond offering. Pro-Gest expects to use the proceeds of the offering to repay certain outstanding indebtedness and for general corporate purposes, including the prefunding of capital expenditures.
Pro-Gest is a leading family-owned Italian vertically integrated producer and supplier of recycled containerboard, corrugated board and corrugated packaging products with 19 manufacturing facilities.
Kirkland & Ellis International LLP advised Credit Suisse Securities Europe Ltd., J.P. Morgan Securities plc, BNP Paribas and HSBC in connection with the offering by leading French frozen food company Picard Groupe S.A.S. of €1.19 billion floating rate senior secured notes due 2023 and the offering by Picard Bondco S.A. of €310 million 5.5% senior notes due 2024.
The transaction, which closed on December 14, 2017, was led by London capital markets partners Cedric Van den Borren, Gilles Teerlinck and James Simpson.
Ashurst is advising Punter Southall Group on the disposal of its actuarial, investment consulting and pensions administration businesses to Xafinity plc for a total consideration of up to approximately £153 million.
The Ashurst team is being led by corporate partner Adam Levitt, assisted by senior associate Themo Georgiou and associates Akiko Morioka and Nina Chudobova.
Ashurst advised Shawbrook Bank, the specialist UK savings and lending bank, on the issue of £125 million Fixed Rate Reset Perpetual Additional Tier 1 Write Down Capital Securities.
The transaction represented the first issue of additional tier 1 capital by Shawbrook. The net proceeds of the issue will be used to optimise Shawbrook’s capital resources to support its general corporate purposes, including the growth of the Group’s business.
The Ashurst team was led by finance partner (DCM) Alex Biles, assisted by counsel Chris Hardingham.
Clifford Chance advised the joint sponsors and underwriters including CCB International, Haitong International and BOCOM International on Shandong International Trust's initial public offering of 647 million shares on the Hong Kong Stock Exchange for US$380 million (HK$2.95 billion). Shangdong International Trust is the first trust company from China to launch an IPO in Hong Kong.
Hogan Lovells represented a group of Philippine banks on the PHP22 billion (approx. US$436 million) Philippine Peso only non-recourse financing for the second 668 MW unit of GNPower Dinginin Ltd. Co.'s supercritical coal-fired power plant being built in Bataan Province in the Philippines, which closed on 12 December. The project's amended and restated US Dollar and Philippine Peso debt facilities now total approximately US$1.3 billion.
Global law firm Norton Rose Fulbright has advised the underwriters, led by joint lead managers and joint bookrunners ANZ, Citigroup, Deutsche Bank, Goldman Sachs and Mandiri Securities, on a multi-billion dollar three-tranche bond issuance by the Republic of Indonesia (the “Republic”).