Shearman & Sterling represented Almirall, S.A. (“Almirall”) on its inaugural High Yield bond offering of €325 million 4.625% Senior Notes due 2021 (the “Notes”). The Notes are guaranteed on a senior unsecured basis by certain of Almirall’s subsidiaries. The offering, which was conducted pursuant to Rule 144A and Regulation S under the US Securities Act, closed on March 27, 2014. The net proceeds from the issue and sale of the Notes are to be used to repay certain loan facilities and for general corporate purposes.

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International law firm Weil, Gotshal & Manges has advised new London office client Aston Martin Holdings (UK) Limited (“Aston Martin”), British manufacturer of luxury sports cars, in connection with a private offering of $165 million of high yield PIK notes. More >>

Navigating complicated Russian market circumstances, Allen & Overy’s Moscow team recently advised two syndicates of lenders on new loan facilities for Sberbank Europe AG (an Austrian bank owned by the state-owned Sberbank of Russia) and Credit Bank of Moscow (a privately owned Russian bank).

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Appleby acted as Bermuda counsel to the Asia Broadcast Satellite (ABS) group of companies in relation to its approximately US$470 million secured loan financing from the Export-Import Bank of the United States (Ex-Im Bank).

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The London office of Arnold & Porter recently advised the Republic of Azerbaijan in connection with its debut offering of US$1.25 billion 10-year Eurobonds. Barclays, Citigroup and Deutsche Bank acted as the joint lead managers.

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Addleshaw Goddard has advised Mount Anvil, central London’s specialist residential property developer, on a £200 million partnership with leading global alternative asset manager Ares Management to purchase new sites and build more, much-needed homes in Central London. The Pears Family has participated in the refinancing of certain of the existing Mount Anvil facilities.

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Hogan Lovells has advised Investindustrial Group on the disposal by Investindustrial Group and KKR of the Avincis Group to Babcock International Group PLC for an enterprise value of approximately €2 billion. More >>

Shearman & Sterling advised Citigroup Global Markets Inc., BNP Paribas Securities Corp., Evercore Group LLC, Global Hunter Securities, LLC and Pareto Securities AS, as initial purchasers, in the inaugural High Yield notes offering by Global Ship Lease, Inc. (“Global Ship Lease”) $420 million 10.000% First Priority Secured Notes due 2019. The notes are guaranteed on a senior basis by Global Ship Lease Services Limited and each of Global Ship Lease’s 17 vessel-owning subsidiaries. Global Ship Lease intends to use the net proceeds of the offering, primarily to repay existing indebtedness, to terminate its existing interest rate swap agreements and for general corporate purposes.

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The Firm recently represented Kobe Steel, Ltd. in connection with its offering of an aggregate of 632.5 million shares of common stock, which included an international offering to institutional investors pursuant to Rule 144A and Regulation S. The offering raised approximately ¥87 billion.

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