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James Greene is a partner in the Firm's Capital Markets Group in London and concentrates on securities transactions and corporate finance, with particular focus on high-yield debt offerings and emerging markets.
He has represented investment banks and companies in a range of securities transactions, including Rule 144A and Regulation S high-yield debt offerings. His practice also includes the representation of companies in connection with general corporate and securities matters.
Represented J.P. Morgan, HSBC and Barclays as global coordinators and Merrill Lynch International, BNP Paribas, Citigroup, Crédit Agricole, Goldman Sachs, Rabobank and Société Générale as joint bookrunners, on the Rule 144A/Regulation S debut offering of US$1.15 billion (equivalent) senior secured notes due 2023 by OCI N.V. The Issuer is a global producer and distributor of natural gas-based fertilizers and industrial chemicals based in the Netherlands with significant operations across the US, Europe and the Middle East. The notes, which were issued on April 26, 2018, comprise US$650 million 6.625% senior secured notes due 2023 and €400 million 5.000% senior secured notes due 2023. Represented the dealer manager in relation to a tender offer for OCI N.V.'s convertible bond.
Represented Puma International Financing S.A. in connection with (i) the issuance of the company's 5.125% senior notes due 2024 in an aggregate principal amount of US$600 million (the New Notes) in a Rule 144A/Regulation S offering and (ii) a concurrent tender offer for the company's existing 6.75% notes due 2021. The offering of the New Notes and the tender offer were structured to constitute an intermediated exchange offer so the company could avail itself of certain favorable accounting treatment for the New Notes. The New Notes are guaranteed by Puma Energy Holdings Pte. Ltd. The Puma Energy Group is a leading, globally integrated midstream and downstream oil group. Merrill Lynch International, Société Générale, Australia and New Zealand Banking Group Limited, ING Bank N.V., London Branch, The Standard Bank of South Africa Limited, MUFG Securities Americas Inc. and Natixis Securities Americas LLC acted as initial purchasers and Merrill Lynch International and Société Générale acted as dealer managers in the transactions.
Represented GTECH S.p.A., a company active in the gaming technology, content and service delivery solutions sectors to gaming markets, in its issuance of senior secured notes denominated in three tranches totaling US$3.2 billion and two tranches totaling €1.55 billion, equivalent in aggregate to approximately US$5.2 billion. This transaction represents the largest bond deal by an Italian issuer in the international capital markets.
Represented Polish mobile telecoms operator P4 Sp. Z o.o., which trades as Play, on its groundbreaking, inaugural €870 million and PLN 130 million (approximately €901 million altogether), dual-tranche high-yield bond issue and entry into a new super senior revolving credit facility.
Represented Wind Acquisition Finance S.A. and Wind Telecomunicazioni S.p.A., a leading Italian telecommunications operator, on a corporate refinancing which included a new €4 billion issuance of three tranches of senior secured bonds by Wind Acquisition Finance S.A. The transaction also included a simultaneous tender offer for outstanding securities of Wind Acquisition Finance S.A. to facilitate the transaction.
Represented Novasep, a leading supplier of manufacturing solutions to the life sciences industry, in relation to its financial restructuring, under which its existing high-yield bonds were exchanged for equity securities and new high-yield bonds.
Represented Deutsche Bank AG, Credit Suisse and UBS Limited as joint bookrunners for a new £304 million issuance of Senior Secured Notes by Aston Martin Capital Limited guaranteed by Aston Martin Holdings (UK) Limited and three of its subsidiaries. We also represented concurrently Credit Suisse AG, Deutsche Bank AG and UBS Limited as mandated lead arrangers for a new £30 million Revolving Credit Facility for Aston Martin Holdings (UK) Limited guaranteed by the same subsidiaries. The Aston Martin brand is an internationally recognised luxury sports car brands with a focus on technical automotive performance and a high standard of styling and design.
WIND Hellas: A complex restructuring in a global recession, Practical Law Company Journal, February 2011 (co-author)