Hogan Lovells has advised Lombard North Central Plc (“Lombard”), the largest asset finance provider in the UK on a $100 million term loan facility for Waypoint Leasing (“Waypoint”). Waypoint is the largest independent global helicopter leasing company that includes more than 125 aircraft operating in 26 countries, with total assets in excess of $1.5 billion.
Global law firm White & Case LLP has advised Tereos on its refinancing, comprising a €400 million bond issue and a €225 million revolving credit facility.
Dentons public finance lawyers from multiple offices recently provided critical legal services on one of the largest public-private transportation projects in US history: the US$4 billion redevelopment of New York City’s LaGuardia Airport.
The City of Buenos Aires turned to Linklaters and local Argentinian firms Muñoz de Toro and Bruchou for its recent issuance of US$890m 7.5% notes (due 2027) pursuant to its US$2.29b MTN Programme. A portion of the proceeds of this issue will be used by the City to purchase US$239.7 million of the principal amount of its Series 10 Notes pursuant to a cash tender offer that expired on May 23, 2016, with the balance used to finance the City’s infrastructure projects.
The transaction closed on June 1, 2016.
NautaDutilh assisted ASR Nederland N.V. ("ASR") with its admission to listing and trading on Euronext Amsterdam.
The transaction concerns an offering by NLFI, on behalf of the Dutch State, of up to 60,000,000 ordinary shares (including over-allotment shares) with an offer price of EUR 19.50 per share in the share capital of ASR and the admission to listing and trading of the shares on Euronext Amsterdam.
Davis Polk advised the representatives of the initial purchasers on Rule 144A/Regulation S offerings by Mylan N.V. (“Mylan”) of $1.0 billion aggregate principal amount of its 2.500% senior notes due 2019, $2.25 billion aggregate principal amount of its 3.150% senior notes due 2021, $2.25 billion aggregate principal amount of its 3.950% senior notes due 2026 and $1.0 billion aggregate principal amount of its 5.250% senior notes due 2046.
De Brauw has assisted Koninklijke BAM Groep, the Netherlands-based construction group, in its placement of EUR 125 million subordinated unsecured convertible bonds due 2021.
The High Yield Bond team at Hogan Lovells continues its progress by acting for the underwriters of Rexel's €650 million public high yield bond offer. Rexel, a global leader in the professional distribution of products and services for the energy world, issued €650 million 3.50% Senior Notes (the Notes) on May 18 2016. The Notes are listed on the Official List of the Luxembourg Stock Exchange, and trade on Luxembourg's Euro MTF market.
Despite uncertain market conditions in the London market, Paul, Weiss client Swiss Re Admin Re Limited, a leading U.K.-based acquirer and consolidator of closed books of in-force life and health insurance business and a subsidiary of Swiss Re Ltd, launched and closed its debut offering of €750,000,000 1.375% Notes due May 27, 2023.
Schoenherr advised an international banking syndicate comprising Morgan Stanley (technical lead), UBS, J.P. Morgan and HSBC, as Joint Lead Managers on the successful issuance of a EUR 500 million undated and subordinated fixed to fixed resettable bond by Vienna-based Erste Group Bank AG (Closing Date 2 June 2016). The bond was structured to comply with the eligibility criteria for Additional Tier 1 (AT1) capital under the CRR. It was issued as a drawdown under Erste Group's EUR 2,000,000,000 Additional Tier 1 Notes Programme dated 20 April 2016, and is listed on the Vienna Stock Exchange.