The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... 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.
White & Case has won the instruction to advise the lead arrangers providing the financing of Mittal Steel’s EUR26.9bn acquisition of rival Arcelor.
The deals will be financed through a EUR10.8bn syndicated loan, one of the biggest European deals of recent years. The loan consists of a EUR5bn and a EUR2.8bn acquisition line. The remainder of the loan (EUR3bn) will be used to finance existing debt.
A London-based White & Case team, led by banking partners Maurice Allen and Christopher Kandel, is acting for the lead arrangers Goldman Sachs, Citibank, HSBC, Commerzbank, Credit Suisse, Société Générale, Caja de Ahorros y Monte De Piedad de Madrid, Royal Bank of Scotland plc and Lloyds TSB Bank. Another White & Case partner Claire Dennison is advising issuer Rabobank.
Arcelor’s numerous stock exchange listings remain the main driver of legal complexity in the financing.
London-based Cleary partner Andrew Shutter is advising Mittal on the financing aspects of the acquisition.