Slaughter and Mayadvised Derwent London plc (Derwent) on an issuance by Derwent’s direct wholly owned subsidiary, Derwent London Capital No. 3 (Jersey) Limited.
The offering consisted of £175 million 1.50% convertible bonds due 2025 (the 2025 Convertible Bonds), and the concurrent repurchase of £147.7 million in aggregate principal amount of the £150 million convertible bonds due 2019 issued by Derwent’s direct wholly owned subsidiary, Derwent London Capital No. 2 (Jersey) Limited.
Derwent London plc owns 86 buildings in a commercial real estate portfolio predominantly in central London valued at £5.2 billion (including joint ventures).
The Slaughter and May team included Financing partner Matthew Tobin (Picture), James Broom (associate), Mark Chiang (visiting lawyer), Melissa Maynard (associate); Tax: William Watson (partner), Charles Osborne (associate); Corporate: Nilufer von Bismarck (partner), Sarahanne Jackson (associate).
Involved fees earner: James Broom – Slaughter and May; Mark Chiang – Slaughter and May; Sarahanne Jackson – Slaughter and May; Melissa Maynard – Slaughter and May; Charles Osborne – Slaughter and May; Matthew Tobin – Slaughter and May; Nilufer von Bismarck – Slaughter and May; William Watson – Slaughter and May;
Law Firms: Slaughter and May;
Clients: Derwent London;