The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Jones Day has acted for Aberdeen-based oil and gas production company Venture Production in relation to £585m of debt financing.
Under a team led by London banking head Ed Nalbantian, the company secured a £350m UK loan, $424m (£210.11m) from US institutional investors and a further £25m from UK institutional investors. The money will be used to finance the ongoing development of the company's asset base and fund future acquisitions.
According to Nalbantian, the financing involved a novel structure that concurrently tapped into the London syndicated loan markets as well as the institutional private placement market on both sides of the Atlantic.
On the syndicated loans side, Venture Production has taken out a medium-term committed corporate debt facility of £350m, which is expected to syndicate in early autumn. Barclays Bank led the syndication advised by Allen & Overy.
The private placements in the UK and US were arranged by London investment bank Schechter & Co advised by Baker Botts.
The loan notes that made up the placement have been secured by the same pool of assets and have final maturity dates of between 10 and 15 years.