McGuireWoods Expands Debt Finance Department in Charlotte

McGuireWoods LLP announced today the addition of four partners to its debt finance practice group in Charlotte. Attorneys Eric Burk, Jim Hedrick, David Lapp and Kent Walker, from the Charlotte office of Winston & Strawn LLP, will expand McGuireWoods’ debt capital markets depth and capabilities by continuing their representation of clients in a variety of syndicated finance and corporate lending matters.

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Clifford Chance Advises on First Limited-Recourse Project Financing of Gas-fired Combined Cycle Power Plant in Turkey

The international law firm Clifford Chance advised Yeni Elektrik Üretim A.Ş. on the closing of a limited-recourse US$700 million loan facility and US$80 million letter of guarantee facility to finance the development and construction of an 865 megawatt gas-fired combined cycle power plant to be established at Gebze, 60 km outside of Istanbul, Turkey, as well as the negotiation of the construction and maintenance agreements for the plant.  The project is the first true limited-recourse financing of a gas-fired combined cycle power plant in the Turkish merchant power market.

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Freshfields advises Ontario Teachers’ on Brussels, Copenhagen and Sydney airport asset swap with MAp

International law firm Freshfields Bruckhaus Deringer has advised Ontario Teachers’ Pension Plan , the largest single-profession pension plan in Canada with over C$100 billion in assets, on its acquisition of MAp’s interests in Brussels and Copenhagen airports in return for a sale by Teachers’ to MAp of its interests in Sydney airport and a balancing payment of approximately A$790 million.

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McGuireWoods Expands Debt Finance Department in Charlotte

McGuireWoods LLP announced today the addition of four partners to its debt finance practice group in Charlotte. Attorneys Eric Burk, Jim Hedrick, David Lapp and Kent Walker, from the Charlotte office of Winston & Strawn LLP, will expand McGuireWoods’ debt capital markets depth and capabilities by continuing their representation of clients in a variety of syndicated finance and corporate lending matters.

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McDermott Advises Valassis in $400 Million Refinancing of Senior Secured Credit Facility

International law firm McDermott Will & Emery LLP today announced that it successfully represented Valassis Communications, Inc. (NYSE: VCI), one of the nation’s leading media and marketing services companies, in connection with the refinancing of its senior secured credit facility.  Valassis obtained a $400 million senior secured credit facility arranged by J.P. Morgan, Merrill Lynch and Royal Bank of Scotland. The facilities consist of a $300 million Term Loan A and a $100 million revolving line of credit.

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