Resource

 

 

 

 

 

 

 

 

 

 

 

Finance & Banking

Ashurst advises Custom Fleet on its A$1 billion multi-series master trust securitisation of fleet leases

31 May 2018

Ashurst is pleased to have advised Custom Fleet on the establishment of its A$1 billion multi-series master trust securitisation of vehicle and equipment fleet leases.

Custom Fleet, part of Element Fleet Management Corp., a global leader in fleet leasing and management, is a leading fleet leasing company in Australia and New Zealand.

BAML, JPM and Westpac are the senior financiers in respect of the revolving warehouse.

DLA Piper advises the lenders on Green Frog Power's £100m funding boost

31 May 2018

DLA Piper has advised Lloyds Bank plc, HSBC Equipment Finance and NIBC Bank NV on the £100 million financing of a portfolio of gas fuelled power stations owned by Green Frog Power.

The funding refinances 15 operational sites benefiting from capacity market contracts and provides additional development funding for 11 new sites to be built across the UK, from Plymouth to Newcastle. The £100 million facility also has an additional £50 million ‘accordion’ that allows for the funding and construction of another 110MW of plant.

Davis Polk Advises N.V. Bank Nederlandse Gemeenten on Its €100 Billion Debt Issuance Program Update

30 May 2018

Davis Polk advised N.V. Bank Nederlandse Gemeenten (to be renamed BNG Bank N.V.) in connection with the annual update of its €100 billion Rule 144A/Regulation S debt issuance program. In the 12 months prior to the update, Davis Polk advised BNG Bank in connection with senior notes issuances totaling $11.0 billion.

KWM advises on project financing of the 135MW Crudine Ridge Wind Farm

30 May 2018

King & Wood Mallesons (KWM) has advised the Clean Energy Finance Corporation, Westpac Banking Corporation and Sumitomo Mitsui Banking Corporation on the $113 million debt facility to design, construct and operate the 135 MW Crudine Ridge Wind Farm near Mudgee in NSW.

The Crudine Ridge Wind Farm is being developed by CWP Renewables (CWP) and Partners Group (PG) under their new Grassroots Renewable Energy Platform and has a partial Power Purchase Agreement with Meridian Energy. GE and Zenviron will construct the project installing 37 GE 3.63 MW wind turbine generators.

Orrick Advises Tokyo Trust Capital and Meritage Properties on the Acquisition of an Office Building in D.C.’s Desirable East End

28 May 2018

Our Real Estate team represented a joint venture between Tokyo Trust Capital Co., Ltd., the advisor to a Japanese investor, and Meritage Properties, a New York real estate firm, in the $54 million acquisition and $25 million related financing of 1100 G Street, NW, in Washington, D.C. This 110,000 square-foot, eleven-story office building is located in the heart of Washington, D.C.’s East End submarket and is surrounded by some of the city’s best retail and entertainment options, including the Capital One Arena.

Hogan Lovells advises banks on the placement of mortgage bonds of Deutsche Pfandbriefbank AG

28 May 2018

Led by Frankfurt partner Jochen Seitz Hogan Lovells has advised Citigroup Global Markets Limited, Commerzbank Aktiengesellschaft (Technical Lead), DekaBank Deutsche Girozentrale, Deutsche Bank Aktiengesellschaft, Erste Group Bank AG and Bankhaus Lampe KG on the placement of mortgage bonds of Deutsche Pfandbriefbank AG with a total volume of EUR 500m.

Simpson Thacher Represents Underwriters in US$200 Million Subordinated Capital Securities Offering by KDB Life Insurance

24 May 2018

Simpson Thacher represented The Korea Development Bank and UBS AG Hong Kong Branch, as joint global coordinators and joint bookrunners, and BOCI Asia Limited, as joint bookrunner, in connection with the offering of US$200 million subordinated capital securities by KDB Life Insurance Co., Ltd. The offering was conducted in reliance upon Regulation S under the Securities Act of 1933, as amended.