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. Simon Weintraub, Avi Anouchi, Vered Glaubach, Idan Adar and intern Dana Kleinman represented the Lead Arrangers HSBC Bank and BNP Paribas together with a syndication of lenders from Israel and from abroad in the USD $650 million loan financing to Ratio Oil Exploration LP to fund Ratio's commitments to the Leviathan natural gas project. The team was joined by Advs. Shiri Shaham, Ofir Levy, Yuval Shalheveth, Dror Varsano, Shani Rappaport and Ofir Paz. This important financing for the Leviathan Project closed just days after our firm's representation of the underwriters in the Delek Bond Offering.
Advs. David Schapiro, Micha Tollmand and Nitzan Kahana represented de the consortium that will plan, construct, and operate the new supply center for 26 years.
The Ministry of Defense administration for moving Israel Defense Forces bases to the south has selected a consortium of Shapir Engineering and Industry and Orian SH.M. to build the planned IDF supply center. The franchise contract will be signed in the coming months, and the consortium will then have one year in order to financially close the project and four more years to build it. The consortium's winning bid was NIS 5 billion.
Advs. David Schapiro, Eliran Furman and Vered Glaubach and the intern Eviatar Katz, represented IIF (Israel Infrastructure Fund) which acquired, jointly with Cellcom, 70% of the internet infrastructure company Israel Broadband Corporation (IBC, known as Unlimited). In a complementary transaction, they represented IBC in the acquisition of the fiber-optic infrastructure for internet connection from Cellcom. Moreover, a first of its kind IRU agreement was signed between IBC and Cellcom to provide internet services to the latter's customers.
Advs. David Schapiro, Eliran Furman, Hagit Bavly, Dafna Shaham and Ricki Newman, represented Azrieli Group in a sale of Sonol Israel, one of Israel’s largest gas station chains and seller of fuel and natural gas products, to Israel Oil & Gas Fund LP for NIS 364 million.
PROJECT FINANCE INTERNATIONAL awarded the TAMAR Financing Transaction as the "Middle East Oil & Gas Deal of the Year 2010". PFI (Published by Thomson Reuters Professional Publishing) is the leading source of global project finance intelligence. Our firm represented HSBC and BARCLAYS who provided a $430 million bridge financing to the Tamar gas partnerships Delek Drilling, Avner and Dor. Lawyers who worked on the deal include Shiri Shaham, Simon Weintraub, Asaf Rimon, Doron Tamir and Yuval Bargil.