Nabarro advises Primary Health Properties on convertible bond launch
Nabarro has advised longstanding client Primary Health Properties, a provider of modern, purpose-built primary healthcare facilities, on the launch of a £82.5m convertible bond due to mature in 2019.
The convertible bond was subject to a greenshoe option and involves a Jersey cashbox structure. ISM Capital acted as sole global co-ordinator and bookrunner, Royal Bank of Scotland acted as co-bookrunner and Peel Hunt acted as co-lead manager and corporate broker in relation to the bond issue, which completed on 20 May 2014.
The bond is the third issued by Primary Health Properties, following its retail bond issued in July 2012 and its secured bond issued in November 2013, both of which Nabarro advised on.
The team was led by corporate partner Glyn Taylor, assisted by senior associate Philippa Chatterton and associate Sioned Bates (corporate) and partner Kirsten Prichard Jones (tax).
News from Nabarro
News from The Lawyer
Briefings from Nabarro
Non-Chinese contractors are regularly encountering contracts containing arbitration clauses providing for disputes to be determined by Chinese arbitration centres.
This note provides a short summary of the two formal insolvent liquidation processes.
Analysis from The Lawyer
Nabarro senior partner and self-confessed “IT geek” Graham Stedman is heralding a major set of investments in technology ahead of the firm’s move to 125 London Wall this year.
Clients are more willing to bring claims against professional service providers but the risk to defendants is not as dramatic as it might seem