Clifford Chance Advises the Lenders for the Financing of the Largest Wind Farm Ever Built in Africa

The International law firm Clifford Chance advised the mandated lead arrangers and the lenders on all the aspects of Nareva Holding and International Power-GDF Suez’ project to build the Tarfaya wind farm (in the South of Morocco) with a capacity of 300 MW, from the bid phase in 2009 until the financial close in December 2012. The Clifford Chance team was composed of Mustapha Mourahib, Partner, Benjamin de Blegiers, Counsel, and Ouns Lemseffer, Associate. The project called upon a bank financing up to MAD 4 billion, provided by a lenders consortium composed of Attijariwafa Bank, Banque Centrale Populaire and Banque Marocaine du Commerce Extérieur.

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Tags:  Clifford Chance LLP

Further Additions to Shoosmiths Pensions Team

National law firm Shoosmiths has appointed partner Tracey Hemingway to its pensions team, together with documentation specialist Steve Phillips.They join hot on the heels of partner Paul Carney.

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Simpson Thacher Represents Issuer in Inaugural Global Equity Offering by Second Largest Mexican Beverage Company

The Firm recently represented Organización Cultiba, S.A.B. de C.V., in connection with its inaugural global offering of 98,004,889 common shares. The shares were offered to the public in Mexico, to qualified institutional buyers in the United States in reliance on Rule 144A and to non-U.S. persons elsewhere in reliance on Regulation S. The global offering, which included a secondary offering by certain of Cultiba’s shareholders, raised approximately US$270 million in gross proceeds. Cultiba’s common shares are listed on the Mexican Stock Exchange.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Simpson Thacher Represents BTG Pactual and Deutsche Bank in US$300 Million High Yield Notes Offering by SMU S.A.

The Firm recently represented Banco BTG Pactual S.A. and Deutsche Bank Securities Inc., as initial purchasers, in connection with a US$300 million international offering of 7.750% Senior Notes due 2020 by SMU S.A. The offering was 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 | New York

Simpson Thacher Represents Underwriters in $400 Million Senior Notes Offering by Air Lease Corporation

Simpson Thacher represented the underwriters, led by BofA Merrill Lynch, Deutsche Bank Securities and J.P. Morgan, in connection with the offering by Air Lease Corporation of $400 million aggregate principal amount of 4.750% Senior Notes due 2020. The Notes are being offered pursuant to an effective shelf registration statement that the Company previously filed with the Securities and Exchange Commission. The net proceeds of the offering will be used to fund the acquisition of commercial aircraft and for other general corporate purposes.

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Tags:  Simpson Thacher & Bartlett LLP | Silicon Valley