Leading international law firm Clifford Chance advised the lead arranger and structuring bank, Sumitomo Mitsui Banking Corporation (SMBC), on the US$1.62 billion syndicated loan to Perusahaan Listrik Negara (PLN), Indonesia's state-owned electricity firm. The offshore US dollar credit facility with 20 international banks, signed on Oct 25, was the first of its kind for PLN.
The international law firm Milbank, Tweed, Hadley & McCloy LLP has advised the German office of Pemberton, the diversified asset manager, on the financing for the acquisition of Rameder Group, a German automotive supplier, by FSN Capital. In addition to the purchase price, the existing financing of the Rameder Group which was also provided by Pemberton at the end of 2017, will be refinanced.
Shearman & Sterling advised Bayerische Landesbank and DZ Bank as lenders on the financing of the acquisition of Ledlenser GmbH & Co KG (Ledlenser), a leading manufacturer of LED flashlights and headlamps. The indirect purchaser is AFINUM Achte Beteiligungsgesellschaft mbH & Co. KG was advised by AFINUM Management GmbH, along with INVISION and the Management Team. The seller is the Leatherman Tool Group.
The latest deal for the firm's flagship Energy and Natural Resources sector saw Fieldfisher assist AIM-listed gold and copper explorer KEFI to arrange the facility with a longstanding institutional shareholder.
European law firm Fieldfisher has advised AIM-listed gold and copper exploration company KEFI Minerals plc on successfully arranging a £4 million loan facility.
The loan from a longstanding institutional shareholder will enable KEFI to advance its Tulu Kapi Gold project in Ethiopia.
Shearman & Sterling advised Groupe Ecore in its inaugural offering of €255 million senior secured floating rate notes due 2023. The firm also advised the company in connection with a new €40 million revolving credit facility.
Milbank, Tweed, Hadley & McCloy LLP advised a group of major financial institutions in arranging the financing for the acquisition of Cognita, the leading global schools group, by Jacobs Holding of Switzerland. The acquisition consisted of a €403.7 million first-lien term loan and a £200 million first-lien term loan. The euro tranche upsized from €307.8 million at launch.
Global law firm White & Case LLP has advised the Japan Bank for International Cooperation (JBIC) in relation to its loan agreement with Takeda Pharmaceutical Company Limited (Takeda), amounting up to US$3.7 billion (JBIC's portion), to finance part of the funds required for acquiring Shire plc (Shire) in Ireland.
A&O advised Goldman Sachs Bank USA, as lead arranger, and Goldman Sachs Lending Partners LLC as administrative agent and collateral agent in respect of (i) an incremental term loan in an aggregate principal amount of $515,000,000, and (ii) incremental revolving loan commitments of an aggregate principal amount of $75,000,000 to finance Hearthside Food Solutions' acquisition of Greencore US Holdings LLC and its subsidiary companies and for general corporate purposes.
Milbank, Tweed, Hadley & McCloy LLP advised Indonesia-based coal company PT Adaro Energy Tbk’s (“Adaro”) mining contractor unit PT Saptaindra Sejati (“SIS”) as the borrower of a two-year tenor US$350 million revolving loan facility from 14 lenders. This financing follows SIS’ 2015 US$200 million facility credit agreement with a syndication of national and international banks on which Milbank also advised.
International law firm Ashurst has advised Judo Capital ('Judo') on a A$350 million SME securitisation facility with Credit Suisse.
Judo is an SME lender that is in the process of obtaining its banking license. This facility is an example of material securitisation facilities being provided to emerging lenders by domestic and offshore funders.