Global law firm Clyde & Co has advised New Age (African Global Energy) Limited, a private African-focused oil & gas company, on a US$425 million senior mezzanine loan facility.

The proceeds of the secured loan facility will be used to further expand oil & gas production activities in several regions across Africa and the Middle East. It will also be used to develop new oil and gas fields in New Age's portfolio.

The facility, provided by a consortium of five lenders, was led by EIG Global Energy Partners and the Africa Finance Corporation.

Leading international law firm Clifford Chance advised OCP Asia on the arrangement of and subscription for a US$141 million Euroclear listed secured note issuance by Terracom Limited, an Australian listed coal miner with projects in Mongolia and Australia.

The successful issuance of the new notes is a significant milestone in the ongoing restructuring of Terracom's balance sheet.

Clifford Chance has advised Fußballclub Gelsenkirchen-Schalke 04 e.V. ("Schalke 04") on the issuance of a bond. The total volume of the issue amounts to EUR 50 million and is divided into two bonds with terms of five and seven years, respectively. The fixed interest rate for the five-year bond is 4.25% p.a., the fixed rate for the seven-year bond is 5.00% p.a. The funds raised will be used to refinance the 6.75% bond issued in 2012.

HONG KONG – Allen & Overy said today the USD300 million Samvardhana Motherson Automotive Systems Group B.V. high yield notes issue, the first from India in more than a year, could signal a reopening of the Indian high yield market.

Samvardhana Motherson is the Dutch subsidiary of Motherson Sumi Systems Limited, one of the largest automotive parts suppliers globally.

Shearman & Sterling advised Titan Global Finance on its offering of €300 million offering of 3.500 percent guaranteed notes due 2021, as well as its cash tender offer for its outstanding 8.75 percent guaranteed notes due January 2017. The offering closed on June 17, 2016.

A cross-border team of lawyers from Baker & McKenzie SCP (Paris) and Esin Attorney Partnership (Istanbul), a member firm Baker & McKenzie International, advised Commerzbank and a syndicate of international banks on their extension of a multi-tranche term loan facility to the Industrial Development Bank of Turkey (TSKB). The loan, some  US $280M, is the largest ever raised in the Borrower’s history.

We are advising Kenmare Resources plc on its proposed Capital Raise and Debt Restructuring. Kenmare has announced a Capital Raise to raise a minimum of US$275 million of new equity by way of a US$100 million Cornerstone Subscription by SGRF, a sovereign wealth fund of the Sultanate of Oman, and a Firm Placing for US$145.7 million with an additional US$29.3 million under a Lender Underwriting. Kenmare has, in addition, announced an Open Offer of up to US$122.7 million.

Clifford Chance has advised BNP Paribas, Crédit Agricole Corporate CIB, ING and Société Générale Corporate & Investment Banking on the issue of EUR 350 million 0.75% Notes due 2021 by Christian Dior.

On 30 June 2016, a Dutch Special Purpose Vehicle (SPV) (the Issuer) issued CHF 102.5 m Portfolio Credit-Linked Notes due 2024 (the Notes) with Credit Suisse AG, Zurich (Credit Suisse) as arranger and Credit Suisse Securities (Europe) Limited as dealer.

The listed pharmaceutical company Moberg Pharma AB (publ) has decided to issue subsequent corporate bonds with a nominal value of SEK 85 million, under the company’s outstanding bonds with a frame of SEK 600 million. The company has undertaken to list the bonds on Nasdaq Stockholm.

Gernandt & Danielsson has advised the company and its financial advisor Carnegie Investment Bank AB (publ) and Swedbank AB (publ) with a team consisting of Partner Mikael Borg, Senior Associate Adrian Della Morte Pålstam and Associate Katarina Odelberg.