Leading international law firm Clifford Chance has advised Ascott Residence Trust (Ascott Reit) on its acquisition of a portfolio of 11 rental housing properties in Japan for JPY9.2 billion from ACRJ3 Pte Ltd, an 88.9% owned subsidiary of The Ascott Limited. The properties have a total of 959 apartments located across six cities in Japan.
Tags: Clifford Chance LLP | Tokyo
CREDIT BANK OF MOSCOW, a privately-owned universal commercial bank operating in Moscow and the Moscow region, today closed a $500 million offering of 5.5-year subordinated Eurobonds with an interest rate of 8.70% p.a. The bonds were issued by CBOM Finance p.l.c., an Irish special purpose vehicle, for the purpose of funding a $500 million subordinated loan to CREDIT BANK OF MOSCOW.
Tags: Morgan, Lewis & Bockius LLP | MoscowCox, Castle & Nicholson LLP is pleased to announce that prominent land use and environmental attorney David Waite has joined the firm’s Los Angeles office as a partner. Waite brings 20 years of experience to the firm’s nationally recognized real estate practice, with particular expertise in real estate development of infill sites and master-planned communities.
Tags: Los Angeles
Skadden is representing Theravance Inc. (as co-counsel) in its $1 billion royalty participation agreement with Elan Corporation, plc, announced on May 13. Under the deal, Elan will purchase a 21 percent participation interest in future royalty payments related to four respiratory drug programs partnered with GlaxoSmithKline plc.
Tags: Skadden, Arps, Slate, Meagher & Flom LLPSkadden is representing the underwriters in connection with Fomento Económico Mexicano, S.A.B. de C.V.’s $1 billion placement of two tranches of U.S. dollar-denominated bonds in the international capital markets, which closed on May 10. The coupon for the 10-year bond represents the lowest ever achieved by a Latin American corporate issuer in the U.S. dollar bond market.
Tags: Skadden, Arps, Slate, Meagher & Flom LLPLaw firm Lander & Rogers announced that it has appointed corporate and regulatory lawyer Robert Neely to build the firm’s presence in the IT, and telecommunications sectors, and to expand the firm’s competition and consumer law offering.
Akin Gump Strauss Hauer & Feld LLP advised York Capital Management in the proposed acquisition by certain of its affiliates of Primus Telecommunications Group, Incorporated’s (PTGi) North American retail telecommunications operations in the United States and Canada for approximately $129 million.
Tags: Akin Gump Strauss Hauer & Feld LLP | New York
The Hong Kong office of the Firm represented the underwriters in the US$350.8 million registered follow-on offering of 79,719,958 American Depositary Shares by AU Optronics Corp. (“AUO”). Citigroup Global Markets acted as the Global Coordinator for the offering, and Citigroup Global Markets and UBS AG acted as joint bookrunners for the offering. ANZ, ING Bank, Mizuho Securities and Standard Chartered Securities acted as the Co-Managers of the offering.
Tags: Simpson Thacher & Bartlett LLP | Hong Kongsubsidiaries in connection with Toll Brothers Finance Corp.’s public offering of $300 million aggregate principal amount of 4.375% Senior Notes due 2023. An additional $100 million was issued on May 13, 2013, increasing the total offering to $400 million. Toll Brothers Finance Corp. is a wholly owned subsidiary of Toll Brothers, Inc.
Tags: Simpson Thacher & Bartlett LLP | New York
Leading global law firm Mayer Brown represented Wepa Hygieneprodukte GmbH, a leading, family-owned producer and supplier of tissue products in Europe, on the inaugural offering of €275 million of its 6.500% Senior Secured Notes due 2020 and on a new €90 million Senior Revolving Credit Facility. The notes were listed on the Luxembourg Stock Exchange. The proceeds of the offering, which closed on 13 May 2013, together with drawings under the Senior Revolving Credit Facility, will be used primarily to refinance existing indebtedness.
Tags: Mayer Brown LLP