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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Tags:  Allen & Overy LLP

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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Tags:  Arnold & Porter Kaye Scholer LLP

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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Firm Represents the Underwriters in Concurrent Offerings of US$632.5 Million 1.50% Convertible Senior Notes and US$188.4 Million Follow-on Offering of American Depositary Shares of Vipshop Holdings Limited

Simpson Thatcher recently represented the underwriters led by Goldman Sachs (Asia) L.L.C. and Deutsche Bank Securities Inc. in connection with concurrent offerings by Vipshop Holdings Limited (“Vipshop”) of US$632.5 million aggregate principal amount of 1.50% Convertible Senior Notes due 2019 (the “Notes”)  (which includes $82.5 million aggregate principal amount of the Notes pursuant to the underwriters’ exercise of the over-allotment option) and 1,311,000 American depositary shares (the “ADSs”) (which includes 171,000 ADSs pursuant to the underwriters’ exercise of the over-allotment option), representing 2,622,000 ordinary shares, from certain shareholders of Vipshop for an aggregate of approximately US$188.4 million.

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King & Wood Mallesons SJ Berwin advises Climate Change Capital on the sale of its stake in Orège to Eren

King & Wood Mallesons SJ Berwin advised Climate Change Capital Private Equity LP and Climate Change Capital Private Equity Co-Investment LP on the sale of their entire stake in wastewater company Orège.

The two funds, managed by Climate Change Capital, owned 3,682,633 shares representing 5,676,920 voting rights, or 19.8% of the share capital in Orège and 22.4% of its voting rights. Their entire stake has been sold to Eren, the natural resource efficiency group, at a unit price of €4.20.

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Tags:  King & Wood Mallesons