Club Looks Forward To A New Era Of Financial Stability
National law firm Irwin Mitchell has acted for Cardiff City FC and its ultimate owner Vincent Tan on the long running Langston dispute which was settled last week.
Cardiff City FC and the Langston Corporation announced that an amicable resolution to their longstanding differences was formally reached.
Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised Lloyds Bank, Lombard and Barclays Bank plc on the financing of a portfolio of helicopters for the purpose of offshore oil and gas operations.
The financing for the initial portfolio of helicopters was completed on 12 July with helicopters valued at approximately US$400 million to be financed over the next 18 months. Lloyds Bank through its Corporate Asset Finance team acted as the arranger and agent with Lombard and Barclays as lenders.
Clifford Chance advised a syndicate of international banks on a EUR 2.5 billion revolving credit facility for Linde AG with a term of five years, including extension options for up to two additional years.
The facility is available for general corporate purposes and replaces its existing EUR 2.5 billion credit facility of May 2010 prior to its maturity.
Trowers & Hamlins has acted as legal adviser to the lenders on a fully syndicatable RO130 million (USD338 million) facility agreement. This is one of the largest corporate borrowings in Oman in recent times.
Allen & Overy has advised Schaeffler Holding the conclusion of a new loan agreement for EUR 2.375 billion and the issuance of high yield bonds in the amount of 1.55 billion euros.
Herbert Smith Freehills advised the syndicate of banks in relation to an unsecured A$1 billion syndicated facility agreement provided to Leighton Finance Limited. The syndicated facility was provided, in part, to refinance Leighton’s existing syndicated facility agreement entered into in 2008.
The mandated lead arrangers and bookrunners were Australia and New Zealand Banking Group Limited, Mizuho Corporate Bank, Ltd. and National Australia Bank Limited.
Financial close was achieved on 28 June 2013.
Clifford Chance's London, New York and Sydney offices recently advised a consortium of 80 Lenders on the US$17.34 billion refinancing of commodity trading and mining company Glencore Xstrata. The new revolving credit facilities are for general corporate purposes and replace the previous facilities of both Glencore and Xstrata.
The new facilities consist of:
Hong Kong; Global legal practice Norton Rose Fulbright has advised The Hongkong and Shanghai Banking Corporation Limited (“HSBC”) as facility agent and the Mandated Lead Arrangers in relation to a US$101.8 million equivalent dual currency syndicated term facility to HKSE-listed PRC property developer, Yuzhou Properties Company Limited (the “Borrower”), dated 30 April 2013.
Clifford Chance advised international renewable energy company Eneco on a ''green'' loan agreement of EUR 100 million with ING Groenbank, ASN Groenprojectenfonds and Triodos Groenfonds in order to finance some 50 renewable energy projects. It concerns the largest loan of its kind ever. Examples of renewable energy projects by Eneco in the Netherlands are a wind farm, a plant for heat/cold storage and a solar system for collective use.
Ashurst advised Joh. Berenberg Gossler & Co. KG ("Berenberg Bank") and BHF-BANK Aktiengesellschaft ("BHF-BANK") on the financing of the acquisition of Wback Group ("Wback") by SME-investor Halder Beteiligungsberatung GmbH ("Halder").
Wback, a leading manufacturer of hamburger and hot-dog buns for the food industry, has been acquired through a management buyout. In parallel to Halder as the new majority shareholder, the new management, led by Matthias Geißler and Dirk Hauer, will become a shareholder.