Herbert Smith Freehills has advised Virgin Australia Holdings Limited, Australia’s second largest airline group, on its US$300 Rule 144A/Regulation S issue of Senior Notes due 2019 (the “Notes”), which completed on 21 November 2014. The issue represents Virgin Australia’s debut issue of unsecured notes in the international debt capital markets. More >>
Tags: Herbert Smith Freehills LLP | Brisbane | Melbourne | Perth | Sydney
Allen & Overy has advised on the financing for the USD2.8 billion Donggi-Senoro Liquefied Natural Gas (DSLNG) project which was signed today.
Donggi-Senoro LNG is the fourth liquefied natural gas (LNG) project in Indonesia and is scheduled to start production in mid-2015. The liquefaction plant will have the capacity to produce 2 million tons of LNG per year. The Republic of Indonesia has the largest economy in Southeast Asia and is the world’s fourth-largest exporter of LNG. DSLNG is the first LNG project in Indonesia to adopt a downstream development model, enabling separate development of upstream (natural gas and condensates production) and downstream (LNG and condensates) businesses. The Donggi-Senoro LNG project is only the world’s second non-integrated merchant LNG plant. Allen & Overy advised the project company, PT Donggi Senoro LNG, a subsidiary of the sponsors, Mitsubishi Corporation, PT Pertamina (Persero), Korea Gas Corporation (KOGAS) and PT Medco Energi Internasional TBK. More >>
Tags: Allen & Overy LLP | Sydney | TokyoHerbert Smith Freehills has advised UGL Limited (ASX:UGL) on the completion of the sale of its global property services business, DTZ, to a consortium comprising TPG Asia, Inc, PAG Asia Capital and Ontario Teachers’ Pension Plan (together TPG and Partners) for A$1.215 billion. The deal was signed on 14 June 2014 and closed on 5 November 2014. More >>
Tags: Herbert Smith Freehills LLP | Brisbane | Sydney
International law firm Bird & Bird today announced a merger with Sydney based firm Truman Hoyle. The merger will go live on 3 November 2014, bringing the number of Bird & Bird offices around the world to 27. The merger with Truman Hoyle follows a successful cooperation agreement which the two firms entered into in March 2013. More >>
Tags: Bird & Bird | SydneyHerbert Smith Freehills has advised Regis Healthcare Limited (Regis) on its successful A$485.8 million initial public offering (IPO) on the Australian Securities Exchange, with shares in Regis closing 10% higher than the offer price on the opening day of trading. More >>
Tags: Herbert Smith Freehills LLP | Melbourne | SydneyHerbert Smith Freehills is pleased to have advised Arrium Limited (Arrium) on its A$754 million fully underwritten pro-rata accelerated renounceable entitlement offer including retail rights trading (“PAITREO”) and institutional placement (Offer), announced to the ASX on 15 September 2014. More >>
Tags: Herbert Smith Freehills LLP | Brisbane | Melbourne | Perth | Sydney