Advs. Simon Weintraub, Avi Anouchi, Idan Adar togehter with Zahava Moerdler and the intern Dana Kleiman and with assistance from Shiri Shaham, Ofir Levy and Shai Margalit, represented and served as Israeli legal counsel to the Sole Bookrunner and Global Coordinator, Goldman Sachs and the Initial Purchasers including Leader, in the oversubscribed USD $180 million global bond offering for Delek Overriding Royalty Leviathan Ltd., a wholly owned subsidiary of Delek Energy Systems Ltd., with respect to financing the purchase of overriding royalty rights in the Leviathan offshore natural gas project.
Advs. Simon Weintraub, Avi Anouchi, Idan Adar, Vered Glaubach and intern Dana Kleinman represented the Joint Bookrunners HSBC Bank and JPMorgan Chase as well as other initial purchasers in the bond offering by Delek Drilling Limited Partnership in one of the largest international bond transactions of the year in the energy field - $2.25 billion in debt - amid huge demand of $7 billion from foreign and Israeli investors. The offering will help finance development of the Leviathan natural gas project. The team was joined by Advs. Shiri Shaham, Ofir Levy, Shai Margalit and Ofir Paz, and intern Or Perel.
Advs. David Schapiro, Daniel Marcovici Moshe Pasker represented Telrad Networks Ltd. in its purchase of Mermanet Organization and Project Management Ltd. for NIS 102 million. Telrad was represented in its negotiations with the banks for the purpose of raising NIS 78 million, part of the amount required for the transaction.
Advs. Simon Weintraub, Shiri Shaham and Noam Meir represented Barclays Bank Plc, as arranger, Bank Mizrahi Tefahot, as facility agent and a number of Israeli institutional lenders in a $225 million credit facility to Alon D.A. Gas Explorations Ltd., a wholly owned subsidiary of Dor Gas Explorations Limited Partnership, which among other things will re-finance the credit facility entered into by Alon D.A. Gas Explorations Ltd. in April of 2012 to finance the Tamar offshore gas exploration project.
Advocates David Schapiro and Eliran Furman represented Royal Bank of Canada in a sale of its shareholdings in Tamir Fishman & Co. to Mr. Eldad Tamir – one of the company's largest shareholders. The transaction included the acquisition by Eldad Tamir of most of the remaining shares owned by other shareholders as well.
Yigal Arnon & Co. represented and served as Israeli counsel to Barclays Capital and HSBC Bank, which led a consortium of foreign and local banks, in a $900 million permanent financing transaction with the Tamar Project Partnership, a group comprised of some of the main players in the Israeli gas and energy field: Delek Drilling LP, Avner Oil Exploration LP and Dor Gas Explorations LP, towards the financing of the development of the Israeli offshore natural gas exploration with respect to the Tamar project. This is one of the largest and complex project finance transactions that ever took place in Israel, with a unique significance on a national level. The team at Yigal Arnon & Co. was led by advocates Shiri Shaham, Simon Weintraub and Noam Meir.