Dechert advises Ares on Daisy Group refinancing in one of the largest-ever European private credit transactions
Slaughter and May advised the Central Bank of Egypt on a $3.8 billion syndicated repurchase transaction
Stonegate Completes £150 Million Senior Secured Notes Offering
Simpson Thacher represented Stonegate Pub Company Financing plc, a wholly owned subsidiary of Stonegate Pub Company Limited (“Stonegate”), a TDR portfolio company, in connection with a Rule 144A and Regulation S offering of £150 million in aggregate principal amount of its new Floating Rate Senior Secured Notes due 2022. The transaction closed on February 4, 2019.
Sidley Advises PT Indonesia Asahan Aluminum (Persero) on Its Landmark US$4 Billion Bond Issuance
White & Case Advises China Molybdenum on Debut Offshore Bond Issuance
Allen & Overy advises Oesterreichische Kontrollbank on its $1.5 billion bond offering
Allen & Overy advised Oesterreichische Kontrollbank on legal aspects of its public offering of $1.5 billion of 2.625% Guaranteed Global Notes due 2022. The bonds are guaranteed by the Republic of Austria and will be listed on the regulated market of the Luxembourg Stock Exchange.
DLA piper advises Geophysical Sub-Strata on its US$400m medium-term note program
DLA Piper has advised Geophysical Sub-Strata Ltd. on the establishment of a US$400 million medium-term note program and US$151.5 million drawdown of 8.0% guaranteed notes due in 2023. The program dealer was Phillip Securities.
Mexico in $2 Billion Global Notes Offering
Cleary Gottlieb represented the United Mexican States (Mexico) in a dollar-denominated registered offering of $2 billion of its 4.5% global notes due 2029.
Barclays Capital Inc.; Merrill Lynch, Pierce, Fenner & Smith Incorporated; and Morgan Stanley & Co. LLC acted as underwriters for the offering.
The offering launched and priced on January 16, 2019, and closed on January 22, 2019.
This was the first international offering by the new Mexican administration since taking office on December 1, 2018.
Uruguay in $1.25 Billion New Money Offering
Cleary Gottlieb represented the Republic of Uruguay (Uruguay) in a new money offering of $1.25 billion 4.375% notes due 2031.
The offering priced on January 15, 2019, and closed on January 23, 2019. The notes offering was made concurrent with an offer to purchase for cash certain series of outstanding bonds of Uruguay, which launched and expired on January 15, 2019.
Itau BBA USA Securities Inc., J.P. Morgan Securities LLC, and Scotia Capital (USA) Inc. acted as underwriters for the notes offering and joint dealer managers for the tender offer.
Ashurst advises banks on the refinancing of The Packaging Group
Ashurst advised Commerzbank AG and Oldenburgische Landesbank AG as lenders on the refinancing of The Packaging Group (TPG), a portfolio company of investment firm HQ Equita. TPG was established in 2018 by merging FAWEMA and HDG (previously: Steindl Group) by HQ Equita. The company is a leading developer and manufacturer of high-grade packaging machines, in particular for food packaging bags made from paper or plastics.