Freshfields Advises Global Co-ordinator on Landmark €577m PBCE Project Bond Financing for major Belgian road building project

International law firm Freshfields Bruckhaus Deringer advised the Global Co-ordinator in relation to the financing of the A11 PPP Road Project in Belgium. It is the first “greenfield” infrastructure project to be financed with the benefit of the European Investment Bank’s Project Bond Credit Enhancement Facility (“PBCE”). The PBCE is a key element in the efforts to revive debt capital markets funding for European infrastructure projects.

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Judge Approves $218M Madoff Settlement

The U.S. District Court for the Southern District of New York today announced an approved $218 million settlement on behalf of Bernard L. Madoff investors in a suit filed against JPMorgan Chase Bank, N.A. and its parents, subsidiaries and affiliates. Hagens Berman represented the Investors.

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Allen & Overy advises lenders on the Roy Hill iron ore project, the largest ever project financing in the mining sector

Allen & Overy acted as Australian and international counsel to the export credit agencies and commercial lenders on the financing of the integrated Roy Hill iron ore project, the world’s largest ever project financing in the mining sector.

The project sponsors, namely Hancock Prospecting, Marubeni, POSCO and CSC recently announced the finalisation of the USD7.2 billion project financing arrangements, which completes the funding package required to construct the USD10 billion project.

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Simpson Thacher Represents JPMorgan Chase & Co. in $3.5 Billion Sale of its Physical Commodities Business

Simpson Thacher is representing JPMorgan Chase & Co. (NYSE: JPM) in connection with the announced sale of its physical commodities business to Mercuria Energy Group Limited, a global energy and commodities trading company, for $3.5 billion. The all-cash transaction is expected to close in the third quarter of 2014, subject to regulatory approvals.

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Kaye Scholer Client Onex Sells The Warranty Group to TPG for Approximately $1.5 Billion

Canadian private equity firm Onex Corporation (TSX; OCX) today announced that it has signed a definitive agreement to sell The Warranty Group, Inc., a leading global provider of warranty solutions and related programs, to private equity firm TPG for an enterprise value of approximately $1.5 billion.  Kaye Scholer is advising long-term client Onex and The Warranty Group on legal matters related to the transaction.

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Linklaters advises Marfrig on $275m bond issuance

Linklaters LLP has represented Marfrig Overseas Limited in connection with the reopening of its 9.50% senior notes due 2020.  The further issuance of US$275m 9.50% senior notes due 2020 will be consolidated with, and form a single series with, the US$500m principal amount of the notes that were originally issued on May 4, 2010. This was the third bond issuance on which Linklaters advised Marfrig in the past two years. More >>

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