International law firm Berwin Leighton Paisner (BLP) today (8 February 2013) announced the appointment of finance specialist, Simon Baum, as a Partner in the Firm’s global finance team.
Tags: Berwin Leighton Paisner LLP
Monthly Archives: February 2013
Herbert Smith Freehills Advises Huaneng Power on Its RMB1.5 Billion Bond Issue
Herbert Smith Freehills has advised Huaneng Power International, Inc. (“Huaneng Power”), one of China’s largest listed power producers, on its RMB1.5 billion (US$241 million) Regulation S offering of three-year fixed rate bonds due 2016. The bonds will be listed and traded on the Hong Kong Stock Exchange.
Tags: Herbert Smith Freehills Kramer LLP | Hong Kong
Linklaters Advises on Acquisition and Financing of EUR 1.3 bn Offshore Wind Farm Butendiek
Linklaters has advised a group of investors, consisting of Marguerite Fund, Siemens Financial Services, Industriens Pensions and PKA, on the acquisition of a majority stake in and financing of an offshore wind farm in the German North Sea. The Butendiek project will be built with 80 Siemens turbines of the SWT 3.6-120 class resulting in a total installed capacity of 288 megawatt. The wind farm is situated in the German North Sea, some 32 km to the West of the island of Sylt. The total investment volume is approx. € 1.3 bn. Project developer and remaining minority shareholder is the wpd-group. With its favorable site conditions including wind resources, water depth, distance to coast and grid connection, Butendiek is one of the most attractive offshore wind projects in the German North Sea.
Tags: Linklaters LLP
Cahill Represents Underwriters in $700 Million Senior Notes Offering by D.R. Horton
Cahill represented J.P. Morgan, Citi, Deutsche Bank, RBS, UBS and Wells Fargo as joint book-running managers in connection with the public offering of $700,000,000, comprised of $400,000,000 aggregate principal amount of 3.625% Senior Notes due 2018 and $300,000,000 aggregate principal amount of 4.75% Senior Note due 2023.
Tags: Cahill Gordon & Reindel LLP | New YorkCahill Represents Initial Purchasers in Rule 144A Offering by Talos Production
Cahill represented the joint book-running managers and co-managers in connection with the Rule 144A offering of $300,000,000 aggregate principal amount of 9.75% Senior Notes due 2018 by Talos Production LLC and Talos Production Finance Inc.
Tags: Cahill Gordon & Reindel LLP | New YorkCahill Represents Financing Sources in €200 Million Notes Offering and €20 Million Credit Facility for Bitė
Cahill represented Deutsche Bank, as lead book-running manager, and the co-managers in connection with the Rule 144A offering of €200,000,000 aggregate principal amount of Senior Secured Floating Rate Notes due 2018 by Bitė Finance International B.V.
Tags: Cahill Gordon & Reindel LLP | New York
Osborne Clarke Adds Commercial Expert to Its Award-Winning Digital Business Team
Osborne Clarke has hired Partner John Buyers, previously head of Stephenson Harwood’s commercial, outsourcing and technology group. John joins Osborne Clarke on 11 February in the firm’s London office.
Tags: Osborne Clarke
Clifford Chance Advises Clifford Chance Advises Pfizer on the IPO of Its Former Animal Health Business ZOETIS
Clifford Chance advised Pfizer on the IPO of its former Animal Health business ZOETIS. With the IPO, Pfizer has created the world’s largest standalone company fully devoted to animal health medicines and vaccines.
Tags: Clifford Chance LLP
Norton Rose Advises Consortium of Banks on €855m Investment in the North Sea Wind Farm Butendiek
International legal practice Norton Rose has advised a consortium of banks led by KfW IPEX-Bank, UniCredit and Bremer Landesbank on the financing of the offshore wind farm Butendiek in the North Sea. The consortium finances this large-scale project with loans in the total amount of approximately €855m; the overall investment volume is about €1.3bn. The remaining funds are raised by the group of investors consisting of Industriens Pension, Marguerite, PKA, Siemens Project Ventures and wpd.
Tags: Norton Rose Fulbright
Willkie Represents Citigroup Global Markets, Deutsche Bank Securities and J.P. Morgan Securities in Lennar’s $450 Million Bond Offering
On February 4, Lennar Corporation announced the closing of its Rule 144A offering of $275 million principal amount of its 4.125% Senior Notes due 2018 and $175 million principal amount of its 4.750% Senior Notes due 2022. Willkie represented the initial purchasers, led by Citigroup Global Markets, Deutsche Bank Securities and J.P. Morgan Securities. Miami-based Lennar, one of the nation’s largest homebuilders, constructs affordable, move-up and retirement homes.
Tags: Willkie Farr & Gallagher LLP | New York