Orrick Advises French Banks in €400 Million High-Speed Broadband Financing
Orrick’s Banking & Finance team takes a creative approach to counseling many of the world’s leading corporations, investment and commercial banks, investment funds and alternative credit providers in sophisticated corporate finance transactions, including syndicated credit facilities, asset finance, leasing, receivables financing and securitization transactions. We also advise clients on structured and asset-based financings, restructurings and securities offerings such as investment grade and high yield debt/equity offerings.
Our team is focused on delivering business-pragmatic and often bespoke legal solutions for acquisitions, buyouts, major restructurings, and other corporate finance transactions in the United States, Europe, Africa, Asia, and across international borders.
We have particular experience in assembling cross-border teams in sophisticated international transactions – offering a full complement of services to clients for their most complex transactions.
Deutsche Bank │US$125 million investment in a private placement of secured revolving notes issued by an SPV affiliate of an online peer-to-peer lender, the proceeds of which will be used to refinance the purchase by the SPV of student loans originated by such lender.
Japan-based Subordinated Second Lien Lenders | US$3.4 billion sale-leaseback transaction for Sprint Corporation involving Sprint’s network equipment assets.
A major Russian bank | US$300 million acquisition financing of the luxury residential premises of a prominent Moscow hotel.
Sberbank and VTB │ RUB70 billion in financing for Telmamskaya HPP LLC (a 100% subsidiary of EuroSibEnergo Group, which is part of the En+ Group, a leading Russian energy and natural resources industrial conglomerate.
Scotiabank and CIBC │ US$630 million credit facility for the acquisition by SOL Investments of Exxon Mobil’s Caribbean operations, including assets in 14 jurisdictions.
Wells Fargo │ Advised as co-syndication agent, letter of credit issuer and lender in the restructuring of the credit facility for Chesapeake Energy Corporation, the No. 2 U.S. natural gas producer.
Wells Fargo │ US$250 million amended senior secured revolving credit facility for Monarch Casino Resort, Inc. This increased facility added a construction facility, which will be used to expand and modernize the Monarch Casino Black Hawk as well as the costs of building a new 22-story hotel tower.
Applied Materials | Advised this leading global semiconductor company in a US$1.5 billion unsecured revolving credit facility for general corporate purposes.
Central Garden & Pet │ Routinely advise on various credit facilities, including
US$390 million senior secured asset-based revolving credit facility led by SunTrust Bank.
US$400 million senior syndicated secured asset based revolving credit facility (with a $200 million accordion) with SunTrust Bank as agent.
A datacenter company| Routinely advise on its credit facilities, including
a ¥47.5 billion bridge loan facility provided by The Bank of Tokyo-Mitsubishi to finance the acquisition of Tokyo-based Bit-isle, a provider of data center and IT outsourcing services and subsequent refinancing in the Japanese syndicated loan market.
Multi-billion US dollar and foreign currency revolving and term loan syndicated credit facility.
Gap | US$400 million senior unsecured term loan credit facility provided by Bank of Nova Scotia.
Levi Strauss │ 5-year, US$850 million senior secured asset-based revolving credit facility (with a letter of credit sub-facility) led by JPMorgan.
Management Group of Sungy Mobile │ Advised the Chairman and CEO of NASDAQ-listed Sungy Mobile Limited and the consortium that he formed on the debt financing for the take-private acquisition of the Company. The financing consisted of a US$90 million term loan by China Merchants Bank.
Ocean Rig UDW │ Successful bid by one of its subsidiaries of the 6th generation ultra deepwater drillship Cerrado, being sold through an auction, for a purchase price of US$65 million.
Perfect World | Advised the founder and chairman of NASDAQ-listed Perfect World, a Beijing-based publisher of online gaming titles, on the financing of his take-private acquisition of the company. The financing consisted of a US$900 million term loan facility arranged by China Merchants Bank and Wing Lung Bank.
Powdr │ Advised the largest privately owned mountain resort owner and operator in North America and its various subsidiaries in connection with a senior secured revolving credit and term loan agreement provided by Wells Fargo Bank as administrative agent and a syndicate of lenders.Wilbur-Ellis Company │ US$200 million senior syndicated unsecured revolving credit facility with American AgCredit as the agent.