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Banking & Finance - Bank Lending/Credit Facilities

WFW advises AIM-listed New World Oil and Gas plc in relation to a proposed financing package of up to US$50 million

28 Aug 2013

Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised New World Oil & Gas plc (“New World”) on a proposed financing package of up to US$50 million to acquire and pursue new business opportunities.

The financing is to be provided by Niel Petroleum S.A., a Luxembourg incorporated oil and gas company, and comprises of an issue of ordinary shares to raise US$25 million and a proposed loan of US$25 million.

Debevoise Advises Booz Allen in Refinancing $1.017 billion in Term Loans under its Secured Credit Facilities

21 Aug 2013

Debevoise & Plimpton LLP recently advised Booz Allen Hamilton Inc. (“Booz Allen”), a portfolio company of The Carlyle Group (“Carlyle”), in connection with the refinancing of approximately $1.017 billion in tranche B term loans under Booz Allen’s existing secured credit facilities and an amendment to those credit facilities. The amendment includes a reduction in the interest rate applicable to the refinanced term loans and provides for greater operational and financial flexibility under certain covenants.

Taylor Wimpey - successful completion of the refinancing of its revolving credit facility

13 Aug 2013

Slaughter and May has advised Taylor Wimpey plc, one of the largest residential developers in the UK, on the successful completion of the refinancing of its revolving credit facility. The revolving credit facility, which was due to mature in November 2014 was refinanced with a new revolving credit facility for £550 million to mature in August 2018.

CONTACTS
Financing: Mark Dwyer (partner), Adrian Wilkes (associate); Tax: Gareth Miles (partner), Venetia Jennings (associate)

Paul Hastings Represents Bank of Montreal in $500 Million Financing for WildHorse Resources II, LLC

09 Aug 2013

Houston, Texas – Paul Hastings LLP, a leading global law firm, announced today that the firm represented BMO Capital Markets as sole lead arranger and sole bookrunner, and Bank of Montreal, as the administrative agent in connection with a $500 Million senior secured revolving credit facility for WildHorse Resources II, LLC.

Finance partner Paris Theofanidis led the Paul Hastings team, which also included associates R. Cramer Miller and Brian Carter.

White & Case Adds Tenth Financing for Privatization of US-Listed Chinese Company to Its Track Record

07 Aug 2013

Hong Kong, New York, August 7, 2013 ... Global law firm White & Case LLP has advised Wing Lung Bank Ltd and Cathay United Bank on a US$50 million financing for the privatization of NYSE-listed Feihe International, one of the biggest producers of premium infant milk formula, milk powder, soybean, rice and walnut products in China.

CMS advises Lloyds Banking Group on Hawksmoor buyout

07 Aug 2013

CMS has successfully advised Lloyds Banking Group in relation to the management buyout of Hawksmoor, a renowned steak restaurant business. The acquisition was financed by Lloyds, who have an established lending relationship with the Hawksmoor group.  

Following the buyout, Graphite Capital Partners has acquired a controlling stake in Underdog Restaurants, the operator of the Hawksmoor group.
 

Simpson Thacher Represents Wells Fargo in Connection with an Aggregate $1.3 Billion of Revolving Credit Facilities for EnerVest Preferred Holdings XIII

06 Aug 2013

The Firm recently represented Wells Fargo in connection with an aggregate $1.3 billion of revolving credit facilities including the $715.0 million revolving credit facility for EnerVest Preferred Holdings XIII, L.P., the $10.0 million revolving credit facility for EnerVest Energy Institutional Fund XIII-WIC, L.P., and the $575.0 million revolving credit facility for EnerVest Institutional Fund XIII-A, L.P.  EnerVest is one of the 25 largest oil and gas companies in the United States, with more than 27,000 wells across 16 states, 5.4 million acres under lease and more than $6 billion in