Joseph Marx and Simon Weiß served as US counsel for both the issuer and banking coordinator Hauck & Aufhäuser as Linz-based software group S & T placed 5.7 million new shares with institutional investors, raising € 88 million.
Milbank, Tweed, Hadley & McCloy LLP advised DBS and HSBC as joint dealer managers in connection with the tender offer of VLL International, Inc.’s (VLL) outstanding $51.8 million 6.75 percent notes due 2018 (the 2018 Notes) and $180.8 million 7.45 percent notes due 2019 (the 2019 Notes) and as joint lead underwriters in connection with a new issuance of US$350 million of notes (the New Notes) by VLL. VLL is a subsidiary of Vista Land & Lifescapes, Inc., one of the Philippines’ largest real estate developers.
Shearman & Sterling represented the syndicate of banks led by Citigroup and HSBC, as joint global coordinators and joint bookrunners, and DBS Bank, First Abu Dhabi Bank and SMBC Nikko Capital Markets, as joint bookrunners, in connection with Emirates Sembcorp Water & Power Company’s offering of $400 million 4.450% senior secured bonds due 2035.
Global law firm White & Case LLP has advised NORD/LB Norddeutsche Landesbank (NORD/LB) on a loan portfolio transaction in respect of a €10.1 billion reference portfolio (Northvest 2). Northvest 2 allows NORD/LB to reduce its risk-weighted assets and further strengthen its regulatory CET 1 ratio.
The Eversheds Sutherland Bitans team led by partner Edijs Poga advised AS Citadele banka, a leading Latvian commercial bank, on its EU25 million Second Unsecured Subordinated Bonds Programme, as well as on a highly successful public offering of a first series of subordinated bonds issued under the programme with total nominal value of EU20 million (LV0000880011) and following listing on the Baltic Bond list of Nasdaq Riga Stock Exchange.
Gilbert + Tobin are thrilled to be advising ASX on the implementation of a new platform to replace the CHESS clearing and settlement system using distributed ledger technology (DLT).
The distributed ledger-based platform, developed by New York start-up Digital Asset Holdings, will be one of the world’s first enterprise-grade implementations of DLT for critical infrastructure.
DLA Piper has advised US fintech company Credible Labs Inc on its AU$300 million initial public offering (IPO) and listing on the ASX – the largest tech IPO of the year.
Founded in 2012 by Australian entrepreneur Stephen Dash, San Francisco-based Credible owns and operates an online marketplace that allows borrowers to compare real-time loan offers from lenders.
CMS is advising Numis Securities as Nominated Adviser, Broker and Joint Bookrunner and Baden Hill (a trading name of Northland Capital Partners) as Joint Bookrunner on the £63m AIM-IPO of Mirriad Advertising plc, the global video technology company and developer of native in-video advertising (‘‘NIVA’’).
Mayer Brown advised two sole noteholders on the only Italian CMBS transaction of 2017.
The transaction, Taurus 2017-1 IT S.R.L., was privately placed to two noteholders and arranged by Bank of America Merrill Lynch.
The Mayer Brown team was led by Structured Finance and Securitisation partner David O’Connor and included Banking & Finance senior associate Noman Ali and associate Jaime Lad.
Global law firm White & Case LLP has advised Morgan Stanley, Citigroup Global Markets, Inc., Goldman Sachs and Barclays, as underwriters, in the recent US$420 million offering of enhanced equipment trust certificates (EETC) by Spirit Airlines, the Florida-based ultra-low-cost carrier.
The proceeds will be used by the airline to meet its financing needs for 12 Airbus aircraft scheduled to be delivered over the next 12 months.