Shearman & Sterling advised Piraeus Bank S.A. – the largest financial group in Greece by assets, loans, and deposits – on its €1.75 billion equity offering led by Credit Suisse, Deutsche Bank and Goldman Sachs as Joint Global Coordinators.
Tags: Shearman & Sterling LLPGlobal law firm Proskauer represented Pacific Rubiales Energy Corp. in the closing of a new $1 billion senior unsecured revolving credit facility, as well as a $250 million senior unsecured term loan facility, effectively restructuring the company’s existing revolving credit facilities.
O’Melveny & Myers LLP recently represented the International Olympic Committee in a long-term deal that awards broadcast rights for the Olympic Games to NBCUniversal. The deal encompasses broadcast rights across all media platforms, including free-to-air television, subscription television, Internet, and mobile from 2021 to 2032 and is valued at US$7.75 billion. More >>
Tags: O'Melveny & Myers, LLP
Milbank, Tweed, Hadley & McCloy LLP represented Goldman Sachs Lending Partners LLC as sole lead arranger and sole bookrunner in connection with a $300 million senior secured first-lien term loan facility for McDermott Finance L.L.C., a subsidiary of McDermott International, Inc. (NYSE: MDR) (“McDermott”), and Goldman, Sachs & Co. as sole book-running manager in connection with an offering of $500 million of senior secured second-lien notes by McDermott and an offering of tangible equity units by McDermott generating gross proceeds of $287.5 million. The transactions closed in April 2014. Concurrently with the transactions, McDermott also obtained a $400 million senior secured first-lien letter of credit facility.
Tags: McDermott Will & Emery LLP | New York
Herbert Smith Freehills has advised a group of seventeen international, regional and local banks on a EUR 3.15 billion multi-currency club deal for Emirates Telecommunications Corporation (“Etisalat”). The financing has been raised using a DIFC SPV as borrower whose obligations are guaranteed by Etisalat, to fund the acquisition of Vivendi’s 53% stake in Maroc Telecom.
Tags: Herbert Smith Freehills Kramer LLP
Akin Gump has advised Banglalink Digital Communications Limited, a subsidiary of VimpelCom Ltd., on an innovative $300 million Rule 144A/Regulation S high-yield bond offering “first.” Banglalink issued $300 million Senior Notes due 2019, listed on the Singapore Exchange.
Tags: Akin Gump Strauss Hauer & Feld LLP
Global law firm White & Case LLP has advised Labregah Real Estate Company, a wholly-owned subsidiary of Qatari Diar Real Estate Investment Company, and Barwa Real Estate Company Q.S.C. on the approximately US$2.07 billion acquisition by Labregah of Barwa City, a large scale residential development project in Doha, Qatar. More >>
Tags: White & Case LLPSkadden is representing XL Group plc in connection with the $570 million sale of XL Insurance (Bermuda) Ltd.’s wholly owned subsidiary XL Life Reinsurance Ltd. to GreyCastle Holdings Ltd., announced May 1.
