Milbank Advises Lion Group in US$1.2B Aircraft Engine Purchase, Support and Maintenance Agreement with CFM International

In a noteworthy Asian aviation transaction, Milbank, Tweed, Hadley & McCloy LLP acted as international counsel to Indonesia-based Lion Group in its $1.2 billion purchase of 124 jet engines from aircraft engine maker CFM International. The deal includes development of a multimillion-dollar maintenance facility and implementation of a long-term engine parts and repair consultancy. More >>

Tags:  Milbank LLP | Singapore

Norton Rose Fulbright advises on US$225 million financing to a $1.25 billion infrastructure investment joint venture between energy-focused private equity leader First Reserve and oilfield services giant Petrofac

Global legal practice Norton Rose Fulbright advised Natixis Singapore Branch as sole mandated lead arranger and underwriter on a US$225 million limited recourse project financing facility to finance two floating production facilities for PetroFirst Infrastructure Limited, a joint venture between energy-focused private equity leader First Reserve and oilfield services giant Petrofac. The joint venture, announced on 26 June 2014, will deploy $1.25 billion of equity capital both in purchasing a number of existing floating production, storage and offloading assets from Petrofac’s Integrated Energy Services (IES) sector, as well as in new infrastructure projects. More >>

Tags:  Norton Rose Fulbright | Singapore

White & Case Advises on Innovative US$1.5 Billion Sukuk Issuance by the Republic of Indonesia

Global law firm White & Case LLP has advised the Joint Lead Managers on the issuance by the Republic of Indonesia of US$1.5 billion, 4.35 percent Sukuk due 2024.

“This transaction represents an important innovation in the way that sovereigns can issue Sukuk to fund public infrastructure development projects,” said UAE-based partner Shibeer Ahmed who, together with fellow Singapore-based partner, Kaya Proudian, led the White & Case team which advised on the issuance. “The reaction from the market demonstrates the strong investor interest in the Republic’s capital markets issuances.” More >>

Tags:  White & Case LLP | Dubai | Singapore

O’Melveny Represents GIC, Singapore’s Sovereign Wealth Fund, in Definitive Agreement for a US$700 Million Investment in XPO Logistics

O’Melveny & Myers LLP represented GIC, Singapore’s sovereign wealth fund, in a definitive agreement to invest US$700 million, along with PSP Investments and Ontario Teachers’ Pension Plan, in XPO Logistics. The transaction is scheduled to close on September 17, 2014. More >>

Tags:  O'Melveny & Myers, LLP | Silicon Valley | Singapore

Milbank Advises PT Adaro Indonesia on a US$1B Syndicated Loan

Milbank, Tweed, Hadley & McCloy LLP advised PT Adaro Indonesia on its US$1,000,000 loan facility from a consortium of lenders including ANZ, BTMU, CIMB, Citi, CTBC, DBS, HSBC, ING Bank, Maybank, Mizuho Bank, OCBC, SMBC, Standard Chartered Bank and UOB. The loan will be used to refinance existing indebtedness of the company. More >>

Tags:  Milbank LLP | Singapore

Morrison & Foerster Represents Global Logistic Properties in Formation of $3 Billion China Logistics Fund

Morrison & Foerster has represented an affiliate of Global Logistic Properties Limited, Asia’s largest provider of modern logistics facilities, in the formation of  the world’s largest China-focused logistics infrastructure fund. The fund has been formed for the primary purpose of developing, owning and managing a diversified portfolio of institutional quality logistics facilities within target markets in the People’s Republic of China.

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Tags:  Morrison & Foerster LLP | Singapore