Shearman & Sterling represented the underwriters, led by Barclays, BBVA, Mizuho Securities, RBC Capital Markets and TD Securities as joint bookrunning managers, in connection with an offering of $1 billion aggregate principal amount of 3.375% senior notes due 2026 by American Tower Corporation.
DLA Piper represented Loma Linda University Medical Center and its affiliates (LLUH) in a tax-exempt bond-financing transaction totaling $947.6 million. The bond proceeds will go toward refinancing some of the LLUH’s debt and new construction at its facilities in Southern California.
International law firm Simmons & Simmons has advised Funding Circle Limited (‘Funding Circle’) on the £129m securitisation of SME loans originated through Funding Circle’s online lending platform.
Shearman & Sterling advised Goldman Sachs, Barclays and Mizuho Securities on Travelodge’s inaugural £390 million high yield bond offering. The offering comprised £290 million 8.50% senior secured fixed rate notes due 2023 and £100 million senior secured floating rate notes due 2023 issued by TVL Finance plc, an affiliate of Travelodge Hotels Limited. The proceeds of the offering will be used to refinance existing indebtedness of the Travelodge group and make a distribution to its shareholders.
The London and Paris offices of Debevoise & Plimpton LLP is advising Rexel in the placement of €650 million of 3.5% senior notes due 2023.
The notes, callable at Rexel’s discretion as from June 2019, will rank pari passu with Rexel’s senior credit facility and other senior unsecured notes. They are being offered exclusively to investors outside the United States and are expected to be listed on the Luxembourg Stock Exchange.
Corral Petroleum Holdings AB (publ) (“Corral”), the parent company of Preem AB (publ) (“Preem”), has issued 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 notes fall due 2021 and were issued as a part of a larger refinancing also including Preem’s bank debt. Corral is the largest oil refining company in the Nordic region.
Gernandt & Danielsson advises in AS Pro Kapital Grupp’s issue of subsequent bonds with a total nominal value of 15 million EUR
The bonds are issued under the company’s outstanding bond loan with ISIN SE0006504379. In connection with the subsequent bond issue the group will pledge its shares in Tallinna Moekombinaat to the agent, as representative for the bondholders.
AS Pro Kapital Grupp is a real estate development company primarily operating in the Baltic countries.
Baker & McKenzie recently advised The Export-Import Bank of China ("CEXIM Bank") on a USD1.55 billion loan facilities involving the development of a 2 x 660 MW power plant in Port Qasim, Karachi, Pakistan by PowerChina.
Baker & McKenzie Beijing partner Simon Leung led the team comprising banking and project specialists based in China, Singapore, Qatar and Dubai advising CEXIM Bank.
Dechert LLP acted as English, U.S. and Georgian counsel to its longstanding client JSC Georgian Oil and Gas Corporation ("GOGC") on GOGC’s tender offer to buy back any or all of its US$250 million of 6.875% Notes due 2017 from its debut offering in 2012 (the "Existing Notes") and on GOGC’s simultaneous new offering of US$250 million of 6.750% notes due 2021 (the "New Notes"). Dechert also advised GOGC on the 2012 issuance of the Existing Notes.
Simpson Thacher represented the initial purchasers, led by Deutsche Bank AG, London Branch, in connection with a Rule 144A and Regulation S offering by Corral Petroleum Holdings AB (publ), the parent company of Preem AB (publ), of (i) EUR 570 million aggregate principal amount of its 11.75% / 13.25% Senior PIK Toggle Notes due 2021 and (ii) SEK 500 million aggregate principal amount of its 12.25% / 13.75% Senior PIK Toggle Notes due 2021. The Notes were issued as a part of a larger refinancing including Preem’s bank debt.