In our largest deal this week, Herbert Smith Freehills
advised the co-ordinating committee of secured lenders on the restructuring of EnQuest PLC, the largest independent UK oil producer in the North Sea. The transaction involves amendments the terms of US$1.2 billion facility agreement, US$650 million New York law high yield bonds and £155 million English law retail notes.
HSF along with Clayton Utz
also acted Boral Limited’s $1.6 billion entitlement offer and $450 million share placement to fund the acquisition of NYSE-listed firm Headwaters.
Meanwhile, King & Wood Mallesons acted for Citi on a 10-year Coles credit card distribution deal which will see the financial institution acquire existing credit card receivables of about $880 million and Coles will receive a share of the risk-adjusted revenues.
continues last week’s trend of acting on major China-linked deals, this time advising the consortium of underwriters of the issue of US$300 million (about $405.87) and €200 million (about $287.51 million) zero coupon notes guaranteed by China Yangtze Power, the largest hydro-power company globally and a subsidiary of China Three Gorges Group.
round up the top five deals this week, advising a subsidiary of China-based Tianqi Lithium Corporation on its $400 million lithium processing plant in Kwinana, Western Australia.
Click on the links below for more information on each deal:
HSF advises on large UK oil producer restructuring
HSF, Clayton Utz
act in financing for large US-listed firm acquisition
KWM advises on $880m credit card distribution deal
acts on US$300m and €200m exchangeable bonds issue
advises on $400m lithium processing plant
advises on £165m recommended takeover
HSF, HWL Ebsworth
advise on real estate management platform buy
HSF advises on $200m whole loan sale
HSF advises Pizza Hut on Eagle Boys buy
acts on UK water utility tender offer
HSF acts on US$85m debt facilities refinancing
Baker & McKenzie act in IPO to fund Australia’s largest CBD solar installation
JWS acts in acquisition and funding of Victorian Gas Assets
acts as lead counsel on the establishment of Myanmar-focused private equity fund
advises on cross-border Australian firm acquisition
Weekly Deals Roundup: Aussie firms work with global heavyweights in landmark China-linked deals
Capital raisings and M&A transactions constituted the most of deals confirmed in the past few days with the exception of a complicated restructuring and a major credit card distribution deal.