Financing

Our experience includes advising:

Arsenal Football Club in connection with the financing, real estate, planning and construction issues relating to its new stadium project.

British Airways on its US$1.7 billion long term multiple option facility which will be used to finance aircraft delivered over the next five years.

BHP Billiton on the committed bank financing facility of US$55 billion put in place in connection with the all share inter-conditional offers for Rio Tinto Limited and Rio Tinto plc.

Cadbury in relation to two credit facilities - for £1.75 billion and £450 million - put in place for the purposes of the creation and listing in London of Cadbury plc as a stand alone confectionery company (and the connected listing of Cadbury ADRs on the New York Stock Exchange).

Dufry AG, a leading global travel retailer, in relation to a new CHF800 million and US$435 million facility agreement required in connection with Dufry's merger with Hudson Group, the premier travel retailer in North America, and the refinancing of Hudson's debt and Dufry's existing bank debt.

Ineos on the acquisition financing for its US$9 billion purchase of Innovene. One of the world's biggest ever leveraged buyouts, the acquisition involved a total financing package of over EUR 9 billion (covering the purchase cost and a refinancing of Ineos's existing borrowings).

Nordea Bank on the first Finnish residential mortgage backed securitisation. The transaction involved the issuance of EUR 7.8 billion notes by Kirkas Northern Lights Limited, backed by mortgages originated by Nordea Bank Finland Plc.

Songbird Estates on its refinancing of the facilities for the acquisition of the Songbird Estates stake in Canary Wharf Group PLC. The new facility consisted of a term facility of approximately £800 million and a revolving credit facility of approximately £80 million.

YTL Power International Berhad (YTL Power) on its SGD 2.25 billion acquisition financing facility for the acquisition of PowerSeraya Limited which on 2 December, 2008 YTL Power announced it is to acquire from Temasek Holdings, the Singapore sovereign wealth fund, for an enterprise value of SGD 3.8 billion.