Clifford Chance Assists ING on Innovative RMBS Transaction

Thursday, July 18, 2013

A team from Clifford Chance’s Amsterdam capital markets department advised ING on a securitisation of a portfolio of EUR 2.2bn Dutch residential mortgage loans originated by WestlandUtrecht Bank, a wholly owned subsidiary of ING Bank N.V.  The portfolio of mortgage loans backs the six classes of notes issued by Orange Lion 2013-10 RMBS B.V. All notes (including the subordinated notes, which can be considered to be a new market development) are placed with investors and are listed on NYSE Euronext. The Class A Notes have received the PCS-label. The lead managers are ING Bank N.V. and JP Morgan Securities Limited.

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Tags:  Clifford Chance LLP

Simpson Thacher Represents Embotelladora Andina in Its Announced Acquisition of Companhia de Bebidas Ipiranga

Thursday, July 18, 2013

The Firm is representing Embotelladora Andina S.A. (“Andina”) as well as its Brazilian subsidiary, Rio de Janeiro Refrescos Ltda., in connection with the announced acquisition of Companhia de Bebidas Ipiranga for a purchase price of approximately US$539 million.  The closing of the transaction is subject to receipt of certain regulatory and other approvals. Andina is among the ten largest Coca-Cola bottlers in the world, servicing franchised territories with 36 million people, delivering over 7.8 million liters of soft drinks, juices, and bottled waters on a daily basis. Andina is the second bottler of the Coca-Cola System in South America and the seventh globally. It is also the largest producer of soft drinks in Chile and Argentina and the second largest soft drink producer in Brazil. Andina is listed on the Santiago Stock Exchange (Bolsa de Comercio de Santiago) and on the New York Stock Exchange.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Katten Continues Expansion of Its Environmental and Safety Practice, Retaining Prominent Austin Environmental Attorney Danny Worrell to Spearhead Contested Permitting Practice

Wednesday, July 17, 2013

Katten Muchin Rosenman LLP announced today that prominent environmental attorney Danny Worrell will join the firm as a partner in Austin, Texas, where he currently is based, focusing on environmental siting and permitting, especially in contested case hearings before the Texas State Office of Administrative Hearings.

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Tags:  Katten Muchin Rosenman LLP | Austin