Hess Corporation $600 Million Notes Offering

Davis Polk advised J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, RBS Securities Inc., BNP Paribas Securities Corp. and Goldman, Sachs & Co. as joint book-running managers on an SEC-registered offering by Hess Corporation of $300 million principal amount of 1.30% notes due 2017 and $300 million principal amount of 3.50% notes due 2024.

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Nabarro advises Land Securities on £656m Bluewater acquisition

Nabarro has played a central role in advising Land Securities on its £656m acquisition from Lend Lease of a 30% stake in Bluewater, the iconic, Kent shopping centre. In addition, Land Securities has acquired the asset management rights for the centre and 110 acres of surrounding land.

Bluewater is the UK’s prime retail mall outside London attracting 27 million visitors a year in one of the most affluent areas of the country. The centre totals 1.8 million sq. ft. and is home to over 330 retailers, cafes, bars and restaurants and includes 13,000 parking spaces.

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Paul Hastings Advises Sino-Ocean Land on US$800 Million Multi-currency Syndicated Loan Facility

Paul Hastings, a leading global law firm, announced today that the firm advised Sino-Ocean Land Holdings Limited (“Sino-Ocean Land”), one of the largest real estate companies in China, whose shares are listed on the Hong Kong Stock Exchange, on a 3-year multi-currency term loan facility in the principal amount of approximately US$800 million-equivalent, with US dollar and HK dollar tranches.
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Tags:  Paul Hastings, LLP | Hong Kong

Appleby Advised Cosmo Lady on its Hong Kong Listing

Appleby acted as Cayman counsel for Cosmo Lady (China) Holdings Limited (Cosmo Lady) in relation to its listing on the Main Board of the Hong Kong Stock Exchange on 26 June, with gross proceeds of approximately HK$1.56 billion. Cosmo Lady will use the majority of the net proceeds from the global offering for expansion of its retail network, as well as establishment of three logistics centers in Dongguan, Tianjin and Chongqing in China.

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Tags:  Appleby | Hong Kong

Wolf Theiss, multinational law firm focusing on the CEE and SEE region, advised J.P. Morgan Securities on managing the issuance of bonds by Petrol, d.d, Ljubljana, the leading Slovenian energy company.

Petrol, d.d., Ljubljana, has successfully placed 5-year bonds worth a total of EUR 265 million. The bonds were priced at 99.32% of their notional amount, carrying a 3.25% annual coupon and a yield to maturity of 3.4%. Petrol, d.d., Ljubljana, announced its transaction on the open market on Monday, 16 June 2014. The order book was closed within three hours of the transaction announcement with roughly EUR 1 billion in high-quality orders from over 120 institutional investors. The transactions were concluded primarily with fund managers and insurance companies, which accounted for 89% of the orders, with the balance taken up by banks and private banks with 10% and other investors accounting for the remaining 1%.

The Wolf Theiss team was led by Partner Markus Bruckmüller and Associate Uroš Notar. The scope of work included negotiating the documentation from a Slovenian law perspective, drafting the taxation section in the Prospectus, as well as providing a standard legal opinion on the documentation. Wolf Theiss Partner Markus Bruckmüller commented: “The transaction further proves that Wolf Theiss holds a strong position in Capital Markets transactions involving Slovenian issuers.”
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Akin Gump Advises Rose Rock Midstream in $300 Million Pipeline Acquisition

Akin Gump advised the conflicts committee of the board of directors of Rose Rock Midstream, L.P.’s general partner in the partnership’s $300 million acquisition of SemGroup Corporation’s remaining one-third interest in SemCrude Pipeline, L.L.C., which owns a 51 percent interest in White Cliffs Pipeline L.L.C. Rose Rock now owns a 100 percent interest in SemCrude Pipeline and indirectly owns a 51 percent interest in White Cliffs Pipeline.

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Tags:  Akin Gump Strauss Hauer & Feld LLP