Weekly Deals Roundup: M&A and capital raisings dominate the week

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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.
 
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.
 
Clifford Chance 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.
 
Clayton Utz 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

Clifford Chance acts on US$300m and €200m exchangeable bonds issue

Clayton Utz advises on $400m lithium processing plant​​​​​​​

Ashurst 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​​​​​​​

Ashurst 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​​​​​​​

Ashurst acts as lead counsel on the establishment of Myanmar-focused private equity fund​​​​​​​

Clarendon Lawyers advises on cross-border Australian firm acquisition​​​​​​​


Related stories:
Weekly Deals Roundup: Aussie firms work with global heavyweights in landmark China-linked deals
 

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