Finance deals round-up

Allen & Overy (Anne-Claude Lutz) advised UniCredit Banca Mobiliare (UBM) on ATAC's issue of €110m (£75.5m) floating rate notes, due 2008. ATAC is responsible for the planning, management and control of public transport in Rome. Clifford Chance advised ATAC.

Linklaters (Jeremy Gewirtz) advised the lenders, led by the Royal Bank of Scotland, who provided facilities totalling €440m (£302m) for project company Bizkaia Energia. Bizkaia Energia advised by Shearman & Sterling.

Gleiss Lutz (Wolfgang Bosch, Christian Cascante) acted for cable operator Iesy Hessen GmbH on its $580m (£363.2m) cross-border bond restructuring. This involved the transfer of nearly all of the company's assets and liabilities to a newly incorporated US subsidiary followed by a debt to equity swap.

Dechert (Bill Lawlor, Peter Cripps, James Croock) advised Crown Cork & Seal Company in connection with a $3.2bn (£2bn) refinancing plan and the formation of new parent company Crown Holdings Inc. The transaction included a $2.2bn (£1.38bn) high-yield bond offering and a $1.05bn (£657.5m) first priority credit facility. Cahill Gordon & Reindel and Gide Loyrette Nouel acted for the banks and bondholders.

Allen & Overy (Bimal Desai) advised Bayerische Hypo-und Vereinsbank, Bayerische Landesbank, Mashreq Bank and United Arab Bank on the 14-year Dirham285m (£48.6m) loan to Ajman Sewerage (Private) Company, which will provide the United Arab Emirates with its first modern sewerage system. Denton Wilde Sapte advised Ajman.

Linklaters (Nathalie Hobbs) advised Credit Agricole Indosuez, one of the mandated arrangers of a e6bn (£4.1bn) syndicated loan for Electricite de France. The transaction was one of the largest ever syndicated loans in France, and the largest so far this year. Electricite de France was advised by Lovells.