Davis Polk advised The AES Corporation in an SEC-registered offering of $775 million aggregate principal amount of floating-rate notes due 2019. Citigroup Global Markets Inc., Barclays Capital Inc., Credit Suisse Securities (USA) LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated were the joint book-running managers for the offering of the notes.
Tags: Davis Polk & Wardwell LLP
Dentons has advised Majid Al Futtaim Holding LLC on the update of its U.S.$2,000,000,000 Global Medium Term Note Programme (the GMTN Programme) and U.S.$1,000,000,000 Trust Certificate Issuance Programme, both completed on 29 April. Dentons also advised the company on the issue of U.S.$500,000,000 4.750 per cent. Notes due 2024 under the GMTN Programme, completed 7 May 2014. Both programmes as well as the Notes are listed on the Irish Stock Exchange and the NASDAQ Dubai.
Tags: Dentons | Dubai
DLA Piper has advised Nam Kwong Group Company Limited, a state-owned enterprise, and its wholly-owned subsidiary, Nam Kwong Development (HK) Limited, on the acquisition of a 90% interest in Sino-French Energy Development Company (“SFED”) from Sino-French Holdings (Hong Kong) Limited (“SFH”) for US$612 million.
Tags: DLA PiperDaHui was lead counsel for formation of the first railway fund in China, launched by Jiangxi Railway Investment Group and SAIF Partners etc. with RMB 15 billion expected total capital commitment.
Davis Polk advised Merrill Lynch, Pierce, Fenner & Smith Incorporated as representative of the initial purchasers on a Rule 144A/Regulation S offering by Continental Resources, Inc. of $1.7 billion aggregate principal amount of its senior notes in two series, one series consisting of $1 billion aggregate principal amount of 3.8% senior notes due 2024 and the other series consisting of $700 million aggregate principal amount of 4.9% senior notes due 2044.
Simpson Thacher represented JPMorgan Chase Bank, N.A., as administrative agent, in connection with the financing for the acquisition of AMCOL International Corporation by Minerals Technologies Inc. The financing consists of a $1.56 billion senior secured term loan facility and a $200 million senior secured revolving credit facility.
Tags: Simpson Thacher & Bartlett LLP
Baker Botts has advised Hoëgh LNG on a limited recourse financing of the Lampung LNG floating storage and regasification Unit (FSRU) and mooring in Indonesia. More >>
Tags: Baker Botts L.L.P.
Leading international law firm Clifford Chance has advised Watford Holdings Ltd. and its wholly owned subsidiary Watford Re Ltd., a newly formed, Bermuda-based multi-line reinsurer, on the completion of Watford Re’s $1.13 billion capital raise. Watford Re received a financial strength rating of A- from A.M. Best Company and is a Class 4 insurer licensed by the Bermuda Monetary Authority.
Tags: Clifford Chance LLP
Cooley LLP announced today that it advised Johnson Controls on the formation of a global automotive interiors joint venture with Yanfeng Automotive Trim Systems Co., Ltd. The transaction is subject to limited conditions and is expected to close in the first half of 2015.
Johnson Controls is a global diversified technology and industrial leader, creating quality products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles; and interior systems for automobiles. More >>
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Herbert Smith Freehills has advised Chinese conglomerate Fosun International Limited on its HK$4.88 billion (US$629.5 million) rights issue in Hong Kong.
Fosun International offered 500,884,371 rights shares at the subscription price of HK$9.76 per share. The offering will commence trading on the Hong Kong Stock Exchange on 23 May 2013.
Tags: Herbert Smith Freehills LLP