Clifford Chance and Al-Jadaan & Partners Law Firm Advise on Saudi Binladin Group’s Financing for the King Abdulaziz International Airport

Clifford Chance and Al-Jadaan & Partners have advised BNP Paribas Investment Company KSA and GIB Capital LLC (GIB Capital) in their roles as joint lead managers and bookrunners on the issuance by SBG Sukuk Limited of its fourth short-term sukuk al-murabaha, guaranteed by Saudi Binladin Group Limited (SBG).  The financing is part of an approximately SAR12 billion financing of one of the phases of construction and development of the King Abdulaziz International Airport.

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Tags:  Clifford Chance LLP | Dubai

Winstead Welcomes Shareholders Timothy Ryan and Will Walker

Law firm Winstead PC welcomes finance and banking attorneys Timothy R. Ryan and Will Walker. Previously partners at Mayer Brown, Ryan and Walker bring decades of experience serving both domestic and foreign banks and financial institutions in a variety of financing and syndicated loan transactions. Both Ryan and Walker are shareholders in Winstead’s reputable finance and banking practice group.

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Tags:  Winstead PC

Simpson Thacher Represents Underwriters in R$1,065,000,000 Debentures Offering by Concessionária Rodovias do Tietê S.A.

The Firm recently represented BTG Pactual US Capital LLC, Morgan Stanley & Co. LLC, BES Investimento do Brasil S.A. – Banco de Investimento and Safra Securities LLC, as agents of the Brazilian underwriters Banco BTG Pactual S.A., Banco ABC Brasil S.A., BES Investimento do Brasil S.A. – Banco de Investimento, Banco J. Safra S.A. and Banco Morgan Stanley S.A., in connection with a R$1,065,000,000 offering of IPCA plus 8.00% Debentures due 2028 by Concessionária Rodovias do Tietê S.A. The Debentures are governed by Brazilian law and were structured to be qualified as “Infrastructure Debentures” pursuant to Brazilian Law No. 12,431, which provides some tax benefits to holders of such Infrastructure Debentures, including an income tax rate of 0% for certain persons residing abroad and for natural persons domiciled in Brazil, The offering was publicly registered in Brazil and made to qualified institutional buyers in reliance on Rule 144A and outside the United States to non-U.S. persons in reliance on Regulation S under the Securities Act.

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Tags:  Simpson Thacher & Bartlett LLP | Sao Paulo

O’Neal Webster Opens London Office

The partners of O’Neal Webster are pleased to announce the opening of its London office situated at 31, Southampton Row, London, in the legal heart of the capital.

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Vickery Joins Growing Business Team at Irwin Mitchell

The Manchester office of national law firm, Irwin Mitchell, has announced the appointment of partner, John Vickery, as part of its strategic drive to continue building a first-class business legal services team across the city.

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McKenna Long & Aldridge LLP Continues Expansion of Corporate Practice with Addition of Partner Michael Rule in Orange County Office

McKenna Long & Aldridge LLP (MLA) announced today the addition of Michael A. Rule as a partner in MLA’s Corporate practice. Based in Orange County, Rule has a national middle-market practice and regularly serves as lead transactions counsel and outside general counsel to both public and private companies. He is the eighth addition to MLA’s Corporate practice this year.

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