Baker McKenzie advised Hyundai Capital Bank Europe GmbH as a borrower in relation to a € 200 million loan ('covered loan agreement') provided by ING Bank, a branch of ING-DiBa AG (as arranger, original lender, security agent and facility agent) with Intertrust Trustees GmbH acting as data trustee to guarantee data protection.
Baker McKenzie advised Hyundai Capital Bank Europe GmbH on all legal aspects of the loan.
International law firm Ashurst advised Commonwealth Bank of Australia, as lender and mandated lead arranger, on a A$100 million reserve-based lending facility in favour of WestSide Corporation Pty Limited (and certain subsidiaries) in connection with WestSide's interest in the Greater Meridian Gas Fields west of Gladstone in Queensland's Bowen Basin.
Ashurst has advised Waterland Private Equity GmbH on financing the acquisition of 50 per cent of the shares of Hansefit GmbH & Co. KG. The parties agreed to not disclose the purchase price. Bremen-based Hansefit is the market leader for corporate fitness products, with more than 1300 customers Germany-wide. Private equity investor Waterland acquired the stake from Hansefit shareholder Stefan Runge, who left the company. German Apotheker- und Ärztebank eG is financing the acquisition.
Ashurst advised Regional Savings Banks of Böblingen and Biberach on the financing of the acquisition of a stake in Kraft & Bauer, a manufacturer of fire protection systems, by DBAG Fund VII.
In the course of this transaction DBAG Fund VII acquires a majority stake in Kraft & Bauer, in addition, listed DBAG invests alongside the fund and will hold 20 per cent of the shares. Sellers are the Swiss financial investor Invision, the founding family Bauer and the current managing director Frank Foddi.
Global law firm White & Case LLP has advised Investec Bank plc (Investec) and a syndicate of banks including National Westminster Bank Plc and Qatar National Bank (Q.P.S.C) on loan facilities to SCCL Holdings Ltd of up to £140 million.
AUCTUS Capital Partners, a Munich-based financial investor focusing on small and medium-sized enterprises (SME) in the German-speaking region, acquired a majority stake in Robert Bürkle GmbH. Oldenburgische Landesbank AG and Raiffeisenlandesbank Niederösterreich-Wien AG arranged the financing. They were advised by Ashurst.
Davis Polk advised DXC Technology Company and its United Kingdom subsidiary, CSC Computer Sciences International Operations Limited (“CSC UK”), in connection with a £450 million delayed draw unsecured term loan facility provided to CSC UK. The term loan is guaranteed by DXC and matures on January 15, 2022. CSC UK has the option to request that the commitments under the term loan facility be increased to £550 million if the existing or other lenders are willing to provide such an increase.
Watson Farley & Williams (“WFW”) advised BNP Paribas Hong Kong Branch as facility agent on a US$116.5m loan facility to AVIC International Leasing Co., Ltd. (“AVIC Leasing’’). The facility is being used to finance five product tankers under a sale and leaseback transaction between AVIC Leasing and NYSE-listed Scorpio Tankers Inc.
BNP Paribas, Hong Kong Branch and Norddeutsche Landesbank Girozentrale, Singapore Branch acted as joint Mandated Lead Arrangers and Lenders.
Dentons Rodyk is acting for DBS Bank (DBS) in its grant of a S$300 million multi-currency sustainability-linked loan to CapitaLand. The five-year term loan and revolving credit facility is the first and largest sustainability-linked loan in Asia’s real estate sector. It is also Singapore’s largest sustainability-linked financing provided by a sole lender.
New York and Orange County - Paul Hastings LLP, a leading global law firm, announced today that the firm represented Barclays Bank PLC, as administrative agent, collateral agent and issuer, and a joint book runner and a joint lead arranger, with respect to a $150,000,000 debtor-in-possession asset-based revolving credit facility, and Barclays Bank PLC, as administrative and collateral agent, and sole book runner and sole lead arranger, with respect to a $100,000,000 debtor-in-possession term loan credit facility, in each case, in connection with the voluntary petition for relief filed under