Sasol Limited in connection with the offering of $1 billion 8.750% notes due 2029 issued by its indirect wholly owned subsidiary Sasol Financing USA LLC and guaranteed by Sasol Limited. Awarded ‘High Yield Debt Deal of the Year’ by Bonds, Loans & ESG Capital Markets Africa Awards, 2023.
The initial purchasers in connection with Travelodge’s offering of £330 million 10.250% senior secured notes due 2028 and €250 million senior secured floating rate notes due 2028, issued by TVL Finance.
The initial purchasers in connection with Abu Dhabi Crude Oil Pipeline LLC’s inaugural $3.037 billion bond offering. Awarded ‘Quasi-Sovereign & Government-Related Entity Debt Deal of the Year’ at the Bonds, Loans & Sukuk Middle East Awards, 2018.
Ardagh in connection with their $2.8 billion offering of multi-currency high yield green bond offering and committed financing arrangements in relation to their business combination with a special purpose acquisition company affiliated with the Gores Group. This offering is the largest offering of Green Bonds ever completed.
The underwriters in connection with the $1 billion rights offering and $1.05 billion bond offering by Sibanye Gold Limited. This is the third-largest rights issue ever by a South African company and the largest ever acquisition-related capital raise in South Africa.
High Yield
Ardagh in connection with multiple offerings including: $500 million senior-secured ABL facility agented by Citibank providing for, among other things, an extension of the maturity date of the credit agreement, a reduction of the interest rate margin applicable to the loans extended pursuant to the credit agreement, and an incorporation of market-related changes to add replacement benchmark interest rate provisions, UK bail-in and QFC provisions and erroneous payment provisions; $2.8 billion offering of multi-currency high yield green bond offering and committed financing arrangements in connection with their business combination with a special purpose acquisition company affiliated with the Gores Group. This offering is the largest offering of Green Bonds ever completed; consent solicitation for its 4.750% senior Notes due 2027; €790 million 2.125% senior secured notes due 2026; $715 million tap issuance of the 4.125% senior secured notes due 2026; $1 billion 5.250% senior notes due 2027, its tender offer for up to $900 million of its existing 6.000% senior notes due 2025 and its consent solicitation for certain amendments to the indenture governing the 6.000% senior notes due 2025; $200 million tap issuance of 5.250% senior secured notes due 2025; $500 million 5.250% senior secured notes due 2025; $600 million offering of high yield green notes; ARD Finance S.A.’s $2.2 billion notes offering; and $1.8 billion notes offering.
The initial purchasers in connection with Punch Finance plc’s inaugural high yield notes offering of £600 million 6.125 percent senior secured notes due 2026.
J.P. Morgan in connection with Radisson’s €250 million notes offering and entry into a €20 million revolving credit facility.
The underwriters in connection with Swissport’s consent solicitation and exchange offer and on amendment and restatement of €660 million term Loan B facility.
Coca-Cola Europacific Partners plc in connection with its international senior notes offerings to fund the acquisition of Coca-Cola Amatil Limited.
The initial purchasers in connection with multiple offerings for Sibanye including: Sibanye Stillwater’s $1.2 billion senior notes offering; Sibanye Gold’s $1 billion rights offering; and Sibanye Gold’s $1.05 billion bond offering. When issued, this was the largest ever South African corporate bond debut, as well as the largest ever private-sector corporate bond debut in Africa.
The initial purchasers and the mandated lead arrangers in connection with Constellation Automotive’s underwritten financing arrangements, including its £695 million offering of 4.875 percent senior secured notes due 2027, its approximately £750 million (equivalent) senior secured term facility, its £250 million revolving credit facility and its £325 million second lien facility.
Trivium Packaging in connection with its offering of $2.85 billion of senior secured and senior notes.
The initial purchasers in connection with multiple offerings for CMA CGM including: €250 million senior notes offering; €500 million senior notes offering; and €650 million senior notes offering.
The initial purchasers in connection with multiple offerings for Travelodge including: £330 million 10.250% senior secured notes due 2028 and €250 million senior secured floating rate notes due 2028, issued by TVL Finance; £65 million private placement of 9% senior secured notes due 2025; £440 million senior secured floating rate notes; £165 million offering of its senior secured floating-rate notes due 2023 issued by TVL Finance, an affiliate of Travelodge Hotels; and inaugural £390 million high yield bond offering.
The underwriters in connection with the offering of senior secured notes by Snai S.p.A.
Silversea Cruise Holding Ltd. in connection with its inaugural offering of $550 million aggregate principal amount of senior secured notes by its wholly owned subsidiary Silversea Cruise Finance Ltd. and advised on the tap issuance of $70 million senior secured notes by its wholly owned subsidiary Silversea Cruise Finance Ltd.
Greenko Group plc and Greenko Dutch B.V. in connection with the offering of $550 million senior notes offering by Greenko Dutch B.V.
Barclays Bank PLC in connection with a Rule 144A/Reg. S international offering of fixed rate high yield guaranteed senior notes by Golden Legacy Pte. Ltd., a wholly owned subsidiary of the Sritec group.
Investment Grade / Debt Capital Markets
Sasol Limited in connection with multiple offerings including: $1.5 billion 5.875% notes due 2024 and $750 million 6.500% notes due 2028; $650 million 4.375% notes due 2026 and $850 million 5.500% notes due 2031; $750 million 4.50% guaranteed senior unsecured bonds due 2027 issued by its indirect wholly owned subsidiary Sasol Financing USA LLC, guaranteed by Sasol Limited and subject to the terms and conditions, convertible into shares of Sasol Limited; and $1.5 billion notes offering and $750 million notes offering issued by its indirect wholly owned subsidiary Sasol Financing USA LLC and guaranteed by Sasol Limited.
The manager in connection with Stryker Corporation’s offering of €500 million floating rate notes due 2024.
The underwriters in connection with Eaton Corporation’s offering of $500 million aggregate principal amount of 4.350 percent notes due 2028 and the manager on the €300 million guaranteed floating rate bond offering.
The underwriters in connection with Emirates Sembcorp Water & Power Company’s offering of $400 million 4.450% senior secured bonds due 2035.
The initial purchasers in connection with Abu Dhabi Crude Oil Pipeline LLC’s inaugural $3.037 billion bond offering. Awarded ‘Quasi-Sovereign & Government-Related Entity Debt Deal of the Year’ at the Bonds, Loans & Sukuk Middle East Awards, 2018.
STMicroelectronics in connection with its $1.5 billion offering of senior unsecured bonds convertible into ordinary shares of STMicroelectronics, the early redemption of its outstanding $600 million zero coupon convertible bonds due 2019 and the launch of a share buy-back program.
The initial purchasers in connection with the Rule 144A/Reg. S offering of investment grade senior notes by PT Perusahaan Gas Negara (Persero) Tbk.
Global Logistic Properties Limited in connection with a Reg. S international offering of investment grade, medium-term notes under its Euro Medium Term Note program.
Equity Capital Markets
Abu Dhabi National Oil Company and ADNOC Drilling Company PJSC in connection with the initial public offering of ADNOC Drilling on the Abu Dhabi Securities Exchange.
The underwriters in connection with the Reg. S non-US initial public offering of ordinary shares by Bangkok Airways Public Company Limited.
The joint bookrunners and managers in connection with a Rule 144A/Reg. S offering of ordinary shares, concurrent with a public offering in Singapore, of Linc Energy.
Sasol Limited in connection with its proposed $2 billion rights offering.