The last full week of November saw M&A deals and capital raisings form the bulk of confirmed deals.
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
Weekly Deals Roundup: Aussie firms work with global heavyweights in landmark China-linked deals