Monthly Archives: February 2013

Herbert Smith Freehills Supports Axiata in Establishing Its Leadership Position in the Cambodia Mobile Market

Tuesday, February 26, 2013

Herbert Smith Freehills has advised Axiata Group Berhad (“Axiata”) on the strategic merger in Cambodia of Hello Axiata Company Limited (“Hello”) and Latelz Company Limited (“Latelz”) which operates under its main Smart Mobile (“Smart”) brand name. The transaction has an implied enterprise value of US$180 million. Axiata now hold a 90% stake in the combined entity and emerge as one of the largest operators in Cambodia in terms of subscribers and revenue.

More >>

Tags:  Herbert Smith Freehills LLP | Singapore

Bracewell Represents BHP Billiton Petroleum (Deepwater), Inc. Corporate Headquarters Build-to-Suit Lease

Tuesday, February 26, 2013

Bracewell & Giuliani LLP represented BHP Billiton Petroleum (Deepwater), Inc., a mining and petroleum company, in the negotiations of a build-to-suit lease for its corporate headquarters in the Galleria area of Houston, as well as the reorganization of more than 700,000 square feet of additional office space in the company’s existing portfolio of office space. Once constructed, the new building at 1500 Post Oak Boulevard will contain approximately 543,143 square feet.

More >>

Tags:  Bracewell LLP | Houston

Paul Hastings Represents Lead Arrangers in Saxon Refinancing

Tuesday, February 26, 2013

Paul Hastings LLP, a leading global law firm, announced today that the firm represented RBC Capital Markets, UBS Securities LLC, HSBC Securities (USA) Inc. and The Bank of Nova Scotia as joint lead arrangers in connection with new $550 million senior secured credit facilities consisting of a $440 term loan facility and a $110 million revolving loan facility, the proceeds of which were used, among other things, to refinance existing indebtedness of SES Intermediate Holdings Limited, Saxon Enterprises LLC and Saxon Energy Services Inc., an international oilfield services company.

More >>

Tags:  Paul Hastings, LLP | New York

BAE Agrees GBP2.7bn Longevity Swap with Legal & General

Tuesday, February 26, 2013

A&O has advised BAE Systems plc, the corporate sponsor of the BAE Systems 2000 Pension Plan, on a transfer of longevity risk arising from the Pension Scheme to Legal & General Assurance Society (LGAS). This longevity swap is the single largest pensions insurance transaction in the UK to date.

More >>