Aptiv and Hyundai Motor Group’s $4 Billion Joint Venture

Latham & Watkins LLP represented Hyundai Motor Group in the transaction. Aptiv (NYSE: APTV) and Hyundai Motor Group have announced that they will be forming an autonomous driving joint venture. This partnership brings together one of the industry’s most innovative vehicle technology providers and one of the world’s largest vehicle manufacturers. The joint venture will […]

Simon Property Group, L.P.’s $3.5 Billion Notes Offering

Sidley Austin represented Simon Property Group, L.P. Sidley recently represented Simon Property Group, L.P., the operating partnership of Simon Property Group, Inc. (NYSE: SPG), in its $3.5 billion public offering of 2.000% notes (due 2024), 2.450% notes (due 2029) and 3.250% notes (due 2049). Simon Property Group, Inc. owns, develops and manages premier shopping, dining, […]

Province of Ontario’s $1.25 Billion Global Bond Offering

Davis Polk advised the underwriters in connection with the offering of $1.25 billion aggregate principal amount of 2.000% bonds due October 2, 2029 issued by the Province of Ontario. Shearman & Sterling represented the Province of Ontario in connection with the transaction. BMO Capital Markets, BNP PARIBAS, J.P. Morgan and Scotiabank acted as underwriters on […]

Axis Bank’s $1.77 Billion Qualified Institutions Placement of Shares

Latham & Watkins LLP advised Axis Bank on the offering. Axis Bank Limited, one of India’s largest private sector banks, closed a US$1.77 billion Qualified Institutions Placement (“QIP”) to raise funds to enhance its capital adequacy, in accordance with the regulatory requirements, for its growth strategy and for general corporate purposes. The offering was oversubscribed […]

Petróleos Mexicanos’s $7.5 Billion Notes Offering

Cleary Gottlieb, Ritch, Mueller, Heather y Nicolau and Shearman & Sterling advised on the transaction PEMEX executed an offering of three series of U.S. dollar-denominated global notes and is expected to announce tender offers for cash in connection with 10 series of global notes with maturities from 2020 through 2023 and exchange offers in connection […]

Blackstone Real Estate Partners IX, L.P.’s Acquisition Of A Controlling Interests In Great Wolf Resorts

Simpson Thacher represented affiliates of Centerbridge Partners, L.P., and Great Wolf Resorts, Inc., a portfolio company affiliated with Centerbridge, in connection with the sale by the current equity holders of a 65% controlling interest in Great Wolf to an affiliate of Blackstone Real Estate Partners IX, L.P. Fried Frank acted as counsel to Blackstone in […]

China Yangtze Power Company’s $3.59 Billion Acquisition of Sempra Energy Peruvian Businesses

Baker McKenzie advised China Yangtze Power Company on its $3.59 billion purchase of Sempra Energy’s Peruvian businesses, including its 83.6% stake in Luz del Sur S.A.A. Luz del Sur is a utility company serving the southern region of Lima, Peru, and is the largest listed power company in the country. BofA Merrill Lynch and Lazard […]

Kingdom of Bahrain’s $2 Billion Notes and Trust Certificates Offering

Dechert LLP advised the Kingdom of Bahrain on the deal. Kingdom of Bahrain, acting through the Ministry of Finance and National Economy, finalized the establishment of the Kingdom’s Global Medium Term Note Programme and the inaugural Notes issuance, as well as the establishment of the Trust Certificate Programme, which are Sharia-compliant securities, by CBB International […]

Codelco’s $2 Billion Debt Offering and Cash Tender Offer

Cleary Gottlieb advised Corporación Nacional del Cobre de Chile (Codelco) on the deal. Codelco issued U.S.$1,100,000,000 Rule 144A/ Reg S debt offering of 3.000% notes due 2029 and U.S.$900,000,000 Rule 144A/ Reg S debt offering of 3.700% notes due 2050. The debt offering and cash tender offers both launched on September 23, 2019. The debt […]

Volkswagen Group’s EUR 3.8 Billion High-Volume Multi-Currency Bond Offering

Clifford Chance has successfully advised leading automotive manufacturing company Volkswagen Group in its recent high-volume bond issuance worth around EUR 3.8 billion in the US and Canadian markets. In the Rule 144A U.S. offering, Volkswagen Group raised USD 3 billion structured through 5 tranches issued by Volkswagen Group of American Finance, LLC. The banking syndicate […]

Columbia Pipeline Group’s $13 Billion Acquisition Of TransCanada Lawsuit

Mayer Brown represented Columbia Pipeline Group on the case. New York federal judge has dismissed one case in a string of suits that challenged Columbia Pipeline Group’s $13 billion merger with TransCanada in March 2016. U.S. District Court Judge George B. Daniels rejected claims that Columbia’s directors and officers violated two sections of the Exchange […]