Category: Asia & Pacific Legal Chronicle

Latham & Watkins represented Adani Green Energy Limited, through subsidiaries and co-issuers Adani Green Energy (UP) Limited, Parampujya Solar Energy Private Limited and Prayatna Developers Private Limited in the US$500 million co-issuance of 6.25% senior secured notes due 2024. The notes of each co-issuer are also guaranteed by each of the other co-issuers. The notes […]

Allens has advised ASX-listed Mirvac Group (ASX: MGR) (Mirvac) on its fully underwritten institutional placement to raise A$750 million and a non-underwritten security purchase plan to raise up to A$75 million. This is one of the largest equity raisings in Australia so far this year. The equity raised will allow Mirvac to deliver value accretive […]

Milbank advised Bank of America Merrill Lynch, Credit Suisse and UBS as joint lead managers and underwriters in connection with the additional issuance of US$300 million senior perpetual securities by SMC Global Power Holdings Corporation (“SMC Global Power”). The additional securities are listed on the Singapore Exchange Securities Trading Limited (SGX-ST). SMC Global Power is […]

Allens and Linklaters advised Canva Pty Ltd (Canva) on its acquisition of leading stock photography company, Pexels GmbH (Pexels). Based in Germany, Pexels is one of the world’s largest free stock content websites, receiving more than 9 million visits per month. Canva Pty Ltd designs and develops application software. The Company offers an online graphic […]

Allens has advised Evolve Housing (Evolve) on a 10-year, A$70 million facility provided by the Federal Government’s National Housing Finance and Investment Corporation (the NHFIC). Funded by the proceeds of a A$315 million social bond issuance by the NHFIC, the loan will be used by Evolve to refinance existing debt facilities and support its ongoing […]

Allens has advised Intelligent Water Networks on the transaction In a novel move, IWN has coordinated the incorporation of Zero Emissions Water (ZEW) Limited, on behalf of 13 Victorian water corporations, to enter into a PPA to promote renewable energy generation in Victoria and to help those water corporations meet the Victorian State Government’s target […]

Allens has acted for multinational consumer goods company PZ Cussons Pty Ltd (PZ Cussons) in successfully defending a cartel case brought by the Australian Competition and Consumer Commission (ACCC). On 24 May 2019, the Full Federal Court dismissed an appeal brought by the ACCC, with costs. In 2013, the ACCC first took action against: PZ […]

Allens has advised The GEO Consortium on their successful refinancing of the Ravenhall Prison Public-Private Partnership (PPP), by way of a long-term US Private Placement. The Ravenhall Prison Project was designed and built and is being maintained and operated by the GEO Consortium under a public private partnership arrangement involving The GEO Group Australia, Capella […]

Allens has advised on the refinancing of Sydney Airport Finance Company Pty Limited’s (Sydney Airport) (ASX: SYD) syndicated bank debt facilities, the first syndicated and largest sustainability linked loan ever in the Australian market. The A$1.4 billion loan is sustainability linked, incentivising Environment, Social and Governance (ESG) outcomes by Sydney Airport group members by reference […]

Simpson Thacher represented Qudian Inc. (“Qudian”) in connection with its offering of US$345 million 1% Convertible Senior Notes due 2026 (the “Notes”). The offering was made pursuant to Rule 144A and Regulation S, and included a fully exercised option to purchase an additional US$50 million principal amount of the Notes granted by Qudian. Credit Suisse, […]

King & Wood Mallesons advised on the launch of a new category of derivatives warrants known as “inline warrants”, the first batch of which has just been launched in Hong Kong. Inline warrants are expected to be listed on the Hong Kong Stock Exchange (HKEX) on 18 July 2019. The introduction of these new listed […]