Herbert Smith Freehills is advising Roc Oil Company Limited (Roc Oil) on all aspects of its proposed takeover by Fosun International Limited (Fosun) valued at approximately A$474 million.
Tags: Herbert Smith Freehills Kramer LLP
Linklaters advises Suzlon group on India’s largest bond restructuring
Linklaters has advised Suzlon Energy Limited, the largest wind turbine supplier in India and the world’s fifth largest wind turbine supplier group, on India’s biggest bond restructuring. The deal comprised the restructuring of four series of convertible bonds, which involved the existing bonds being substituted by new US$546,916,000 step-up convertible bonds due 2019, pursuant to a consent solicitation and voluntary substitution.
Tags: Linklaters LLP
Milbank Represents SMBC in NEXI-supported $200M Loan to Brazilian Agribusiness Amaggi to Boost Food Exports to Japan
Milbank, Tweed, Hadley & McCloy LLP advised Japan’s Sumitomo Mitsui Banking Corp. (SMBC) in providing a $200 million loan to leading Brazilian soybean producer Amaggi Commodities, a transaction insured by the Japanese export credit agency Nippon Export and Investment Insurance (NEXI). SMBC acted as Lender, Mandated Lead Arranger, Administrative Agent, Collateral Agent, and NEXI Agent.
Tags: Milbank LLP | New York
Classified Ventures to Be Acquired by Gannett Co.
Skadden is advising Classified Ventures LLC, including the selling members, in connection with the definitive agreement to sell their entire stake in the company to Gannett Co., Inc. for a price that values Classified Ventures at $2.5 billion, announced August 5.
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Firm Advises Level 3 in $1 Billion Private Bond Offering
Willkie client Level 3 Communications, Inc. announced that Level 3 Escrow II, Inc., its indirect, wholly owned subsidiary, has agreed to sell $1 billion aggregate principal amount of its 5.375% Senior Notes due 2022 in a Rule 144A offering to qualified institutional buyers. In June Level 3, represented by Willkie, announced its $7.3 billion acquisition of tw telecom. The net proceeds from the notes offering will be used to finance the cash portion of the merger and to refinance certain existing indebtedness of tw telecom inc.
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NorthStar Realty to Acquire Griffin-American in $4 Billion Transaction
Paul, Weiss client NorthStar Realty Finance Corp. and Griffin-American Healthcare REIT II, Inc. announced that the boards of directors of both companies have unanimously approved a definitive merger agreement under which NorthStar Realty will acquire all of the outstanding shares of Griffin-American in a stock and cash transaction valued at $4 billion, including approximately $600 million of debt, establishing NorthStar Realty as a leading investor in the healthcare real estate sector.
Paul Hastings Represents J.P. Morgan, Credit Suisse, UBS et al in US$350 Million High-Yield Bond Offering for Future Land
Paul Hastings, a leading global law firm, announced today that the firm represented J.P. Morgan Securities plc, Credit Suisse Securities (Europe) Limited, UBS AG, Hong Kong Branch, BNP Paribas, Hong Kong Branch, CLSA Limited and China Merchants Securities (HK) Co., Limited in connection with the Regulation S offering of US$350 million of 10.25% senior notes due 2019 by Future Land, a leading Chinese property developer focused on developing quality residential and mixed-use projects.
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Synchrony Financial $8 Billion Unsecured Term Loan Facility
Davis Polk advised JPMorgan Chase Bank, N.A., as administrative agent, and Barclays Bank PLC, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Goldman Sachs Bank USA, JPMorgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley Senior Funding, Inc., as joint lead arrangers and joint bookrunners, and BNP Paribas Securities Corp., The Bank of Tokyo-Mitsubishi UFJ, Ltd., HSBC Bank USA, National Association, Mizuho Bank, Ltd., RBC Capital Markets, RBS Securities Inc., Santander Bank, N.A., Societe Generale, Sumitomo Mitsui Banking Corporation, Credit Agricole Corporate and Investment Bank, Fifth Third Bank, Banco Bilbao Vizcaya Argentaria, S.A., ING Bank NV, Intesa San Paolo and Commerzbank AG, New York and Grand Cayman Branches, as co-lead arrangers, in connection with an $8 billion five-year senior unsecured term loan facility provided to Synchrony Financial (“Synchrony”). The proceeds of the facility will be used to refinance Synchrony’s existing indebtedness and for working capital and general corporate purposes.
Herbert Smith Freehills advises on A$164 million solar farm project
Herbert Smith Freehills has advised Fotowatio Renewable Ventures (FRV) on its new solar farm at Moree in northern New South Wales, which is the first merchant financed project ever undertaken in Australia.
Tags: Herbert Smith Freehills Kramer LLPEntergy Louisiana, LLC and Entergy Gulf States Louisiana, L.L.C. – $ 315 million System Restoration Bond Offerings
Hunton & Williams LLP advised the underwriters in connection with the sale of $243,850,000 Louisiana Local Government Environmental Facilities and Community Development Authority System Restoration Bonds (Louisiana Utilities Restoration Corporation Project/ELL) Series 2014 (Federally Taxable) and $71,000,000 Louisiana Local Government Environmental Facilities and Community Development Authority System Restoration Bonds (Louisiana Utilities Restoration Corporation Project/EGSL) Series 2014 (Federally Taxable).
