On April 29, 2014, the U.S. Environmental Protection Agency issued a final greenhouse gas emission permit to FGE Texas LLC for the construction of two natural gas-fired combined-cycle electric generation plants near Westbrook in Mitchell County, Texas. The total investment will be $1.2 billion. More >>
Tags: Foley & Lardner LLPDLA Piper advises on US $5 billion construction of Peruvian Metro
DLA Piper has acted for the Nuevo Metro de Lima consortium on its winning bid for the US $5 billion Lima Metro Line 2 project in Peru. The consortium will be responsible for the design, finance and construction of the Metro, as well as the operation and maintenance of the project.
Tags: DLA PiperShearman & Sterling Advises Eurobank Ergasias S.A. on its €2.9 Billion Capital Increase
Shearman & Sterling advised Eurobank Ergasias S.A., one of the four systemic banks in Greece, on its €2.864 billion capital increase led by Barclays, Deutsche Bank and J.P. Morgan as Joint Global Coordinators.
Tags: Shearman & Sterling LLPWhite & Case Advises Bank Syndicate on PSA Peugeot Citroën’s €3 Billion Capital Increase
Global law firm White & Case LLP has advised a syndicate of banks led by Banco Santander, BNP Paribas, Citigroup, Crédit Agricole Corporate and Investment Bank, Deutsche Bank, HSBC, Morgan Stanley, Natixis and Société Générale Corporate & Investment Banking, acting as global coordinators and joint bookrunners, on PSA Peugeot Citroën’s €3 billion capital increase. More >>
Tags: White & Case LLPHerbert Smith Freehills advises on Tata Motors’ US Dollar bond offering
Herbert Smith Freehills has advised on a US$300 million bond offering by India’s largest automobile manufacturer, Tata Motors Ltd. The Mumbai-based company’s latest offering marks its first U.S. dollar denominated bond issuance in the international debt capital markets.
Tags: Herbert Smith Freehills LLPCahill Represents NBC in $7.75 Billion Acquisition of Exclusive Broadcast Rights to Olympic Games through 2032
Cahill represented NBCUniversal in its agreement with the International Olympic Committee that extends the network’s exclusive broadcast rights for the Olympic Games to include the upcoming 2022 to 2032 games, whose sites have yet to be chosen. Announced in Lausanne, Switzerland yesterday, NBC and the International Olympic Committee have agreed upon a deal valued at $7.75 billion, including a $100 million signing bonus to be used for certain Olympic Games promotions between 2015 and 2020. The broadcast rights include all media platforms, including free-to-air television, subscription television, Internet and mobile, and extends NBCUniversal’s streak of having broadcast every Summer Games since 1988 and every Winter Games since 2002.
Tags: Cahill Gordon & Reindel LLPClifford Chance Advises Ing Parcom Private Equity (which Is To Become Parquest Capital) On The Process Of Becoming Independent And On The Creation Of A New €300 Million Fund
The international law firm Clifford Chance advised Parquest Capital, formerly ING Parcom Private Equity, subsidiary of Parcom Capital (ING Group) dedicated to investment in SMEs, on the process of becoming independent and in the creation of a new €300 million fund. More >>
Tags: Clifford Chance LLPDay Pitney Attorneys Represents Valley National Bancorp in $312 Million Acquisition
Day Pitney represented Valley National Bancorp in its $312 million acquisition of 1st United Bancorp of Florida.
The transaction, which was announced on Thursday, includes the acquisition of 1st United Bank’s approximately $1.7 billion in assets, $1.2 billion in loans and $1.4 billion in deposits. The Florida-based bank has 21 branches located in the “most attractive urban banking markets in Florida,” according to the two companies’ joint press release. More >>
Tags: Day Pitney LLPHerbert Smith Freehills advises United Spirits on its £430 million sale of the Whyte & Mackay Group
Herbert Smith Freehills has advised the United Spirits Group (USL) in relation to its £430 million sale of Whyte & Mackay Group Limited (Whyte & Mackay) to Emperador UK Limited, a subsidiary of Emperador Inc., the leading Philippines based integrated manufacturer and distributor of brandy and other alcoholic beverages. The deal was signed and announced on 9 May 2014.
Tags: Herbert Smith Freehills LLPKWM and Allens advise on Sydney Airport $1.5bn bank debt refinancing
The new bank debt facilities comprise secured syndicated bank debt and bilateral facilities which range from a three to five year maturity. The facilities were self-arranged by Sydney Airport and raised over a very tight timeframe, with Sydney Airport taking advantage of favourable market conditions to achieve more competitively priced debt. The debt raising also demonstrated the strong support Sydney Airport continues to receive from domestic and international banks.
Tags: Allens