Jones Day welcomes project finance lawyer Nick Collins in London

he global law firm Jones Day today announced that Nick Collins has joined the Firm as a partner. Mr. Collins will join the Firm’s Projects & Infrastructure Practice and be based in the Firm’s London Office. He was previously a partner in the Project Development & Finance Group at Latham & Watkins LLP.

Mr. Collins is a project finance lawyer with more than 18 years of experience advising borrowers, sponsors, export credit agencies, banks, multilateral lending agencies, and Islamic finance institutions on complex, large-scale energy, natural resources, and telecommunications projects around the world. He has extensive experience advising on project development and finance matters in the Middle East and, in addition, has significant experience advising on Middle East corporate finance and acquisition, debt capital markets, and M&A transactions. Mr. Collins also has extensive experience working on project development and finance, corporate and acquisition finance, and M&A transactions in Africa, the Russian Federation, and eastern Europe. Over the course of his career, he has worked in London, Hong Kong, and the Middle East. More >>

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Dechert Advises Egypt on its Issuance of US$1.5 billion Notes

The Arab Republic of Egypt announced yesterday that it successfully issued sovereign bonds in an aggregate principal amount of US$1.5 billion. This is a landmark transaction for Egypt, marking the country’s return to the international debt capital markets after a nearly five-year absence. It is the largest single tranche issuance by the Republic to date. Egypt was advised by a team from Dechert LLP consisting of Camille Abousleiman, Patrick Lyons and Jennifer Buckett. More >>

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NXP Semiconductors Completes $1 Billion Senior Notes Offering

The Firm represented NXP B.V. and NXP Funding LLC in connection with a Rule 144A and Regulation S offering of $600 million of 4.125% senior notes due 2020 and $400 million of 4.625% senior notes due 2022. NXP intends to use the proceeds from the offering, together with cash on hand and/or other financing resources, to (i) finance the cash portion of the consideration payable pursuant to the terms of the merger agreement with Freescale Semiconductor Limited (“Freescale”) under which NXP will merge with Freescale (“Merger”), (ii) refinance certain of Freescale’s indebtedness that becomes due as a result of the Merger, and (iii) effect the repayment of any amounts drawn under Freescale’s revolving credit facility and/or NXP’s revolving credit facility. Alternatively, if the Merger does not close, NXP intends to use the proceeds from the offering to redeem certain of NXP’s existing indebtedness and for general corporate purposes. More >>

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Clifford Chance advises a consortium of lenders in relation to Glencore’s USD15.25 billion Revolving Credit Facilities

International law firm Clifford Chance has advised a consortium of 60 lenders in relation to Glencore’s USD15.25 bn revolving credit facilities, with HSBC acting as sole coordinators.

The deal involved the refinancing of Glencore’s existing revolving credit facilities signed in June 2014, comprising of a new USD8,450,000,000 revolving credit facilities agreement and an amendment to an existing facility, expanding it to USD6,800,000,000. The new facilities will be used for general corporate purposes. More >>

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Shearman & Sterling Advises Anglo American on $1.5 Billion Notes Offering

Shearman & Sterling advised Anglo American plc in an offering of $850 million 3.625% Senior Notes due 2020 and $650 million 4.875% Senior Notes due 2025. The notes were issued by Anglo American Capital plc and guaranteed by Anglo American plc. The issuance was carried out by way of a private placement to institutional investors only (including in the United States pursuant to Rule 144A). Settlement of the notes took place on May 14, 2015. More >>

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Herbert Smith Freehills advises ARRIS Group, Inc. on its £1.4 billion acquisition of Pace plc

International law firm Herbert Smith Freehills has advised US-listed ARRIS Group, Inc. a global innovator in IP, video and broadband technology, on its £1.4 billion takeover of Pace plc, a UK-based leading technology solutions provider in the PayTV and broadband service industries.

The deal will result in a new holding company for the combined group, which will be incorporated in the UK and listed on the NASDAQ stock exchange. The combined group is expected to have 2014 pro forma revenues of approximately US$8 billion and will employ more than 8,500 people globally in over 15 countries. More >>

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Dechert Advises Wells Fargo on Deal with GE Capital Real Estate

Leading international law firm Dechert LLP advised Wells Fargo in relation to its agreement to purchase commercial real estate loans valued at US$9 billion in the United States, UK and Canada from GE Capital Real Estate as part of an overall transaction valued at approximately US$23 billion. Wells Fargo purchased performing first mortgage loans, and private equity firm Blackstone acquired US and European equity assets as well as first mortgage loans in Mexico, Australia and the US, with Wells Fargo providing financing for certain of Blackstone’s acquisitions. More >>

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