Clifford Chance Advises on the EUR 750 Million Financing of a 450 MW Lignite-fired Power Plant in Tufanbeyli, Turkey

Wednesday, August 22, 2012

The international law firm Clifford Chance together with its associate firm Yegin Legal Consultancy advised Société Générale, London Branch as Structuring Bank and Bookrunner on the signing of a EUR 142 million commercial loan facility and a EUR 608 million loan facility backed by the Korea Trade Insurance Corporation (KSure) to finance the development and construction of a 450 megawatt lignite-fired power plant and associated lignite mine and limestone quarries, to be located near Tufanbeyli, Adana in the Republic of Turkey. The Borrower, EnerjiSA Enerji Üretim A.Ş., is sponsored by VERBUND AG and Hacı Ömer Sabancı Holding A.Ş.

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Tags:  Clifford Chance LLP

Simpson Thacher Represents Underwriters in $2.25 Billion Debt Offering by Philip Morris International Inc.

Wednesday, August 22, 2012

The Firm represented the underwriters, led by Credit Suisse, Deutsche Bank Securities, J.P. Morgan and RBS, as joint book-running managers, in connection with an offering by Philip Morris International Inc. of $750 million of 1.125% Notes due 2017, $750 million of 2.500% Notes due 2022 and $750 million of 3.875% Notes due 2042. The notes were sold in a public offering and will be listed for trading on the New York Stock Exchange.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Simpson Thacher Acts as U.S. Counsel for Underwriters in CAD$250 Million Senior Secured Notes Offering by Postmedia

Wednesday, August 22, 2012

Simpson Thacher acted as U.S. counsel for the underwriters, led by Scotia Capital Inc. and Morgan Stanley & Co. LLC, as joint bookrunners, in connection with an offering of CAD$250 million aggregate principal amount of 8.25% Senior Secured Notes due 2017 issued by Postmedia Network Inc. (“Postmedia”). The Notes are guaranteed by Postmedia Network Canada Corp., Postmedia’s parent. Postmedia is the largest publisher by circulation of paid English-language daily newspapers in Canada, representing some of the country’s oldest and best known media brands.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Davis Polk – Warner Chilcott $1 Billion Leveraged Recapitalization

Wednesday, August 22, 2012

Davis Polk advised Warner Chilcott plc on its $1 billion leveraged recapitalization. Under this recapitalization, subsidiaries of Warner Chilcott borrowed $600 million of term loans under an amendment to its secured credit facility. Proceeds of the financings together with cash on hand will be used to fund a special one-time cash dividend of $4.00 per share, or approximately $1 billion in the aggregate.

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Tags:  Davis Polk & Wardwell LLP | New York

Davis Polk – Rio Tinto $3 Billion Notes Offering

Wednesday, August 22, 2012

Davis Polk advised HSBC Securities (USA) Inc., Morgan Stanley & Co. LLC, RBS Securities Inc., BNP Paribas Securities Corp., RBC Capital Markets, LLC, SG Americas Securities, LLC and Standard Chartered Bank as joint bookrunners on an SEC-registered offering by Rio Tinto Finance (USA) plc of $3 billion aggregate principal amount of notes guaranteed by Rio Tinto plc and Rio Tinto Limited. The offering consisted of $1.25 billion principal amount of 1.625% notes due 2017, $1 billion principal amount of 2.875% notes due 2022 and $750 million principal amount of 4.125% notes due 2042.

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Tags:  Davis Polk & Wardwell LLP