Shearman & Sterling Represents Jaguar Land Rover Automotive on $500 Million Fixed Rate High Yield Bonds Offering

Friday, October 31, 2014

Shearman & Sterling represented Jaguar Land Rover Automotive plc (“Jaguar Land Rover”) on its offering of $500 million fixed rate high yield bonds due 2019. Jaguar Land Rover Automotive plc, an indirectly-owned subsidiary of Indian-owned Tata Motors Limited (India), bought luxury carmakers Jaguar Land Rover Limited and Land Rover in 2008. More >>

Tags:  Shearman & Sterling LLP | London | Washington

WFW advises ING Bank on US$340 million loan facility for Euronav

Thursday, October 23, 2014

Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised ING Bank N.V. (“ING”) as sole bookrunner and facility agent for a syndicate of banks on a US$340 million loan facility made available to Euronav NV (“Euronav”).

The facility is comprised of a US$192m term loan facility and a revolving credit facility of up to US$148m. Euronav plans to use the funds to refinance four Suezmax tanker vessels, finance the acquisition of four very large crude carrier tankers from Maersk and for general corporate purposes. The ships financed under the facility are registered on Belgian, Greek and French flags. More >>

Tags:  Watson Farley & Williams LLP | London

CC advises Statoil on the US$2.25 billion disposal of its Shah Deniz interest to PETRONAS

Wednesday, October 22, 2014

Clifford Chance is advising the international energy company Statoil ASA (Statoil) on the disposal of Statoil’s interest in the Shah Deniz field, off shore Azerbaijan, to the Malaysian oil and gas company PETRONAS. The transaction value is US$2.25 billion. Closing is expected in early 2015 following approvals from the relevant authorities. More >>

Tags:  Clifford Chance LLP | London

Davis Polk Advises Greenland Group on the Establishment of Its US$3 Billion MTN Program and US$500 Million Drawdown of Notes

Tuesday, October 21, 2014

Davis Polk advised Greenland Global Investment Limited, a subsidiary of Greenland Holding Group Company Limited (“Greenland Holding”), in connection with the establishment of its US$3 billion medium-term note program and the issuance of US$500 million notes thereunder which are guaranteed by Greenland Holding. More >>

Tags:  Davis Polk & Wardwell LLP | Hong Kong | London

DLA Piper advises Dignity Group on £595m financing

Monday, October 20, 2014

DLA Piper has advised Dignity Group (“Dignity”) on its exchange offer and further issue of secured notes which was completed on 17 October 2014.

The bond issue will be followed by a return of circa £64 million to shareholders, equating to £1.20 per ordinary share. Following the transaction the group’s annual debt service costs are expected to reduce from £40 million to approximately £33 million. More >>

Tags:  DLA Piper | Birmingham | London

Mayer Brown advises Milestone Aviation Group and a consortium of financial investors in Milestone’s $1.775 billion sale to GE Capital

Thursday, October 16, 2014

Mayer Brown represented Dublin-based helicopter lessor The Milestone Aviation Group and a consortium of financial investors led by private equity firm The Jordan Company in Milestone’s $1.775 billion stock sale to GE Capital Aviation Services, the aircraft leasing unit of GE. Milestone is the world’s largest helicopter-leasing company by fleet value and the first global aircraft operating lease company focused exclusively on the helicopter market. Mayer Brown also represented the financial investors in initially forming Milestone in 2010 and in multiple capital raising transactions. More >>

Tags:  Mayer Brown LLP | Chicago | London | New York | Washington