White & Case
  Anne Marie Salan
Counsel
London

T: + 44 20 7532 1432
F: + 44 20 7532 1001
E:
Practice Experience
Anne Marie Salan is counsel in the Banking and Capital Markets Group in London and has a broad range of experience in international capital markets and securities transactions, with a particular focus on high yield and emerging markets debt offerings. Her experience includes representation of public and private issuers, underwriters and placing agents in all aspects of international debt and equity offerings.

Anne Marie's experience includes a wide variety of New York law and English law debt offerings, including Rule 144A and Regulation S bond offerings, high yield debt offerings and liability management transactions. She has also worked on SEC-registered and secondary equity offerings and private placements. Recently, Anne Marie has represented several European corporate issuers in high yield debt restructurings and related post-restructuring debt and equity offerings.

Anne Marie regularly advises clients on a wide variety of US securities law issues, including Sarbanes-Oxley and other corporate governance issues, ongoing disclosure obligations and reporting requirements and liability issues under the US securities laws.

Anne Marie joined the Firm in January 2005 from the London office of a leading US law firm, where she was an associate in that firm's New York corporate department and its London international corporate finance department.

She recently completed an eight-month secondment to an international investment bank in London, providing legal coverage for its emerging markets debt capital markets group.

Examples of Anne Marie's recent representations include:
  • Representing Crédit Agricole Corporate and Investment Bank and Natixis as Global Coordinators and Joint Bookrunning Managers and four other banks as Co-Managers for French issuer Faurecia’s English law governed high yield bond offering of €350 million 9.375% Senior Notes due 2016 and its follow-on offering of €140 million 9.375% Senior Notes due 2016; 
  • Representing Yüksel İnşaat A.Ş., one of the leading international construction companies in Turkey, in its debut high yield bond offering of US$200 million 9.50% Senior Notes due 2015. This transaction is the first New York law high yield bond offering from a Turkish issuer in at least 15 years and is also one of the first direct issuances by a Turkish corporate (underwritten by BNP Paribas and Standard Chartered Bank);
  • Representing Calyon, The Royal Bank of Scotland plc and Bank of America/Merrill Lynch as Joint Global Coordinators and Joint Bookrunners and seven other banks as Co-Managers for French issuer Rexel's €575 million offering of 8.25% Senior Unsecured Notes due 2016 and €75 million follow-on offering (English law governed);
  • Representing the Weather Group, including the parent company of Orascom Telecom Holding S.A.E. in a unique corporate group refinancing which involved Weather Capital Finance S.A.'s debt tender offer and consent solicitation for all or any of its outstanding 4.75%. €825 million Guaranteed Secured Exchangeable Bonds due 2013 and a second bond consent process involving Weather Capital Special Purpose 1 S.A. seeking amendments to its €1,200 million floating rate collateralized guaranteed notes due 2010 (with Citi and Lazard acting as dealer managers);
  • Representing leading European telecommunications provider UPC Holding B.V. in three high yield bond offerings (US$400 million 9.875% Senior Notes due 2018, €65.6 million 9.750% Senior Notes due 2018 and a follow-on issuance of €150 million 9.750% Senior Notes due 2018) and an exchange offer of €184.4 million of UPC's existing Senior Notes due 2014 for a like amount of the new Senior Notes due 2018 (underwritten by Credit Suisse, J.P Morgan, BNP Paribas, Morgan Stanley and HSBC);
  • Represented Pakistan Mobile Communications Limited (a subsidiary of Orascom Telecom Holding S.A.E.) on its Rule 144A/Regulation S debt tender offer for outstanding US$250 million 8.625% Senior Notes due 2013, conducted as a modified Dutch auction with a fixed price option (with Citi, Deutsche Bank and Standard Chartered Bank acting as dealer managers);
  • Representing leading Russian commercial bank Gazprombank (Open Joint-stock Company) in its debt tender offer for GPB Eurobond Finance PLC's outstanding US$700 million Floating Rate Loan Participation Notes due 2010 and US$1 billion 6.5% Loan Participation Notes due 2015 conducted as modified Dutch auctions (with Credit Suisse acted as dealer manager);
  • Representing Credit Suisse and UBS on Alfa MTN Markets Limited's issuance of US$500 million 8.20% Guaranteed Notes due 2012 (unconditionally and irrevocably guaranteed by ABH Financial Limited and Open Joint-Stock Company Alfa-Bank), pursuant to its US$2 billion Euro Medium Term Note Programme;
  • Representing Orascom Telecom Holding S.A.E. (and its finance subsidiary)on its debut Rule 144A/Regulation S high yield offering of US$750 million 7.875% Senior Notes due 2014, the first high yield bond by an Egyptian corporate issuer to date and the largest debut bond issuance to date for a sub-investment grade corporate bond in the Middle East and Africa (underwritten by Credit Suisse, Citigroup, ABN AMRO and Deutsche Bank);
  • Representing Pakistan Mobile Communications Limited (a subsidiary of Orascom Telecom Holding S.A.E.) on its Rule 144A/Regulation S high yield offering of US$250 million 8.625% Senior Notes due 2013, the first high yield bond issued by a Pakistani corporate issuer to date (underwritten by ABN AMRO and Deutsche Bank);
  • Representing Orascom Telecom Holding S.A.E. and its parent company, Weather Capital S.a r.l., on the offering by Weather Capital Finance S.A. of €825 million 4.75% Exchangeable Bonds due 2013 (initially exchangeable into existing Global Depositary Receipts representing ordinary shares of Orascom Telecom Holding S.A.E.) (underwritten by Citigroup, Credit Suisse and Deutsche Bank);
  • Representing Norwegian issuer Norske Skogindustrier ASA on its NOK 3.9 billion (approximately US$620 million) global rights offering of 56,808,538 new shares (underwritten by Deutsche Bank and Nordea); and
  • Representing the Ministry of Finance of the Republic of Poland on its SEC shelf registration statement and subsequent issue of US$1 billion 5% Notes due 2015 and US$100 million 5.408% Notes due 2035 (underwritten by Lehman Brothers and JPMorgan).

Bars and Courts
New York State Bar, 1999

Education
JD, Syracuse University College of Law, magna cum laude, 1998
MA, Syracuse University Maxwell School of Citizenship & Public Affairs, 1998
BA, University of Notre Dame, cum laude, 1995

Publications
"Intercreditor hot spots in 2011 and what to watch in 2012," Financier Worldwide, Issue 109, January 2012 (with Jeremy Duffy and Mayank Gupta)
"High Yield Bonds in Emerging Markets: New Financing Alternatives for Emerging Market Issuers," Cbonds Review magazine, December 2010 (with Rob Mathews)
Audit Committees: Regulation And Practice, Aspen Publishers; first edition, 2001; second edition, 2004 (with Gerald S. Backman)
"Audit Committee Disclosure," Chapter 14 in A Practical Guide to SEC Proxy and Compensation Rules, by Amy L. Goodman and John F. Olson, Aspen Publishers; second edition, 2001; third edition, 2003 (with Gerald S. Backman)
"New Demands on Audit Committees in the Post-Enron Era," parts I and II, The Metropolitan Corporate Counsel, April and May 2002 (with Gerald S. Backman and Robert L. Messineo)
"Audit Committees: Preparing for Regulation," Corporate Governance Advisor, vol. 7, no. 3, May/June 1999 (with Gerald S. Backman)

Languages
English

Citizenship
United States
British