Baker Botts advised Pride Offshore, a subsidiary of Pride International, on a $250m (£163m) syndicated secured revolving credit facility. Agent bank and lender Crédit Lyonnais advised by Herbert Smith (Jason Fox) and Bracewell & Paterson (Mark Evans, Richard Rice).
Herbert Smith (Jane Borrows) advised Halifax Bank of Scotland (HBOS) on the restructuring of its regulatory capital following the merger of the Bank of Scotland and Halifax Group last year. Milbank Tweed Hadley & McCloy advised on US aspects. Mourant du Feu & Jeune advised on Jersey aspects, while Tods Murray handled the Scottish aspects. Solicitation agent Credit Suisse First Boston advised by Linklaters.