Davis Polk advised Digicel Holdings (Bermuda) Limited (“Holdings”) and Digicel International Finance Limited (“DIFL”) in connection with the offering by Holdings and DIFL of an aggregate of $600 million of 8.750% senior secured notes due 2024. The notes were sold pursuant to Rule 144A and Regulation S under the Securities Act of 1933.
Allen & Overy has advised a syndicate of banks on the successful issue of a EUR 500 m bond (ISIN: XS1961019426) by Landeskreditbank Baden-Württemberg – Förderbank (L-Bank) with a coupon linked to the SOFR (Secured Overnight Financing Rate).
The syndicate comprised Bank of Montreal, London Branch; Deutsche Bank AG, London Branch; J.P. Morgan Securities plc and RBC Europe Limited as joint lead managers. Bank of Montreal also acted as technical lead.
Global law firm White & Case LLP has advised First Abu Dhabi Bank, HSBC, Gulf International Bank, J.P. Morgan and Standard Chartered Bank on the establishment by Almarai Sukuk Ltd. of a Reg S US$2 billion Trust Certificate Issuance Programme, and on the issuance of US$500 million Trust Certificates due 2024 thereunder.
Davis Polk advised Aptiv PLC in connection with an SEC-registered offering of $300 million aggregate principal amount of its 4.350% senior notes due 2029 and $350 million aggregate principal amount of its 5.400% senior notes due 2049. The notes are guaranteed by certain of Aptiv PLC’s subsidiaries.
Aptiv is using the net proceeds from the offering, together with available cash, to fund the redemption of its outstanding 3.150% senior notes due 2020.
BCLP has advised Playtech PLC on the issuance of €350 million 4.25 percent senior secured notes due 2026, listed on the Official List of Euronext Dublin and to trading on the Global Exchange Market, which is the exchange-regulated market of Euronext Dublin.
Allen & Overy advised Goldman Sachs and Jefferies Finance, LLC as joint physical bookrunners and Deutsche Bank, RBC Capital Markets and Antares as bookrunners in connection with a EU515 million first lien debt financing package consisting of (i) a EU450 million term loan and (ii) a EU65 million revolving credit facility for the acquisition by BVI Medical, Inc., a US-based TPG portfolio company, of PhysIOL Group SA and its subsidiaries, a primarily Belgian- and UK-based ophthalmology group specializing in the research, development and manufacture of intraocular lenses, phaco equipment an
Skadden represented Mitsui Sumitomo Insurance Company Limited in its $910 million Rule 144A/Regulation S offering of step-up callable perpetual notes.
London--Dentons has advised Koc Holding A.S. (Koc Holding), Turkey's largest holding company, on its issue of US$750 million 6.500 per cent Notes due 2025 (Rule 144A/Regulation S). Dentons acted as English, United States and Turkish counsel to Koc Holding.
Hogan Lovells, led by Frankfurt partner Jochen Seitz, has advised the joint lead manager Banco Santander, S.A., Bayerische Landesbank, Credit Agricole Corporate and Investment Bank, Deutsche Bank (technical lead) and SMBC Nikko Capital Markets Limited on the placement of four bonds of Volkswagen Bank GmbH with a total volume of 2.5 billion Euros, which was completed on 31 January 2019.
Linklaters acted as international counsel to the underwriters, on the successful offering of US$500 million bonds (“US Dollar Bonds”) by an overseas subsidiary of, and guaranteed by, Guotai Junan Securities Co., Ltd and (“Guotai Junan Securities”) and a separate direct offering of €255 million bonds (“Euro Bonds”), by Guotai Junan Securities. The US Dollar Bonds and the Euro Bonds were issued a day apart, and both transactions are listed on the Hong Kong Stock Exchange.