Global law firm Norton Rose Fulbright has advised NATIXIS Pfandbriefbank AG on its five year €90 million mortgage loan to a London-based investment company managing a fund for Middle East investors. NATIXIS Pfandbriefbank AG acted as arranger and sole underwriter on the non-recourse financing which was structured to be eligible for both Pfandbrief refinancing and compliant with Shariah requirements.

Shearman & Sterling represented Ardagh Packaging Finance plc and Ardagh Holdings USA Inc., as co-issuers, both subsidiaries of Ardagh Packaging Holdings Limited (Ardagh), on their $4.5 billion notes offering. 

Advising MBWS (Marie Brizard Wine & Spirits), listed on Euronext Paris, in connection with the setting up of a of a 5-year €62.5m bank loan for financing the early exit of subsidiaries still subject to continuation plans and for other general requirements of the Group, including its organic development and external growth plan.

Membres
Alexandra Ménard
Camille Mercier
Cédric Chanas
Joanna Gumpelson
Sébastien Boullier de Branche
Yannick Le Gall
Domaines d’activité
Corporate – M&A

Mannheimer Swartling has assisted Corral Petroleum Holdings AB in its issuance of unsecured Senior PIK Toggle Notes consisting of SEK-notes with a principal amount of SEK 500 million and EUR-notes with a principal amount of EUR 570 million. The fixed rate notes will be listed on the Luxembourg Stock Exchange and fall due 2021. The issuance of the notes is part of the group's refinancing which also includes Preem AB’s bank debt.

Linklaters has advised Turkiye Sinai Kalkinma Bankasi A.S. (TSKB) on a $300 million green bond issuance, the first ever green bond from Turkey and only the second within the CEEMEA region. The proceeds will be used for private sector investments in renewable energy, energy efficiency and other areas that reduce greenhouse gas emissions.

Slaughter and May advised Aviva plc on its issue of CAD 450 million 4.5% Tier 3 Fixed Rate Notes under its £7 billion Euro Note Programme.

The Notes have been admitted to listing on the Official List of the UK Listing Authority and to trading on the regulated market of the London Stock Exchange.

The Notes are intended to qualify as Tier 3 Capital under Solvency II. The Notes have been assigned a rating of Baa1 by Moody’s and BBB by Standard & Poor’s.

Cravath represented INOVYN Finance plc, a subsidiary of the INOVYN joint venture owned by subsidiaries of INEOS AG and Solvay SA, as borrower in connection with the arrangement of a €775 million senior secured term loan facility agreement, arranged by a syndicate of banks led by JPMorgan Chase Bank, N.A., and as issuer of €300 million 144A/Reg. S high-yield senior secured notes. INOVYN is a leading player in the production of polyvinyl chloride, chlorinated paraffins, epichlorohydrin, caustic soda and caustic potash in Europe, which are used in a variety of end markets.

King & Wood Mallesons has advised Céréa Partenaire on the structuring of its first priority debt fund, Céréa Dette.

Céréa Dette exceeded its initial target of €200 million, holding a final close of its €270 million hard-cap. The fund was predominantly raised from insurance companies and French mutual funds.

Céréa debt has the distinctive feature of not only offering acquisition financing (senior debt and unitranche), but also corporate financing (such as Euro PP).

Simpson Thacher represented Gestamp Automoción, S.A. (“Gestamp”) in connection with a Rule 144A and Regulation S offering of €500 million in aggregate principal amount of Senior Secured Notes due 2023 by a financing subsidiary. The transaction closed on May 11, 2016. Gestamp used the net proceeds from this offering to repurchase and redeem its previously outstanding euro-denominated notes.

Gestamp is a leading global supplier of automotive components and assemblies.

Credit Suisse AG acted as joint-lead manager together with Deutsche Bank AG London Branch, acting through Deutsche Bank AG Zurich Branch and Goldman Sachs International. The bonds will be listed on the SIX Swiss Exchange.

Homburger acted as counsel to Credit Suisse AG. The Homburger team consisted of partners René Bösch (Financial Services) and Stefan Oesterhelt (Tax), counsel Eduard De Zordi and paralegal Bettina Oertle (both Financial Services).