Advs. Simon Weintraub and Avi Anouchi, together with Shiri Shaham, Ofir Levy, Shai Margalit, Roni Osborne, Ofir Paz, Idan Adar, Zahava Moerdler, interns Dana Kleiman and Samuel Kuperstok, and in close collaboration with Simpson Thacher & Bartlett LLP from London and New York represented the main underwriters JP Morgan Chase and Morgan Stanley (jointly) as well as the primary buyers, including IBI Investment House, in the issuance of Energean International Bonds, in a $2.5 billion transaction. This is the third transaction of bond issues in connection with Israel's natural gas reserves within six months. In total, these IPOs are worth about $5 billion dollars.
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.
HOT's investment deal in the online fiber infrastructure company IBC (known as Unlimited) was signed. When the transaction is completed, HOT will join Cellcom and IIF - Israel Infrastructure Fund (represented by Yigal Arnon & Co.) in equal ownership of 70% of IBC's shares.
IBC which was set out on a new path last year when Cellcom and IIF acquired 70% of its shares (transactions in which we represented IIF and the company's shareholders accordingly), is significantly strengthened by this new deal, which will hopefully take all of us as internet consumers a few steps closer to high-speed Internet infrastructure services. Our team lead by Adv. David Schapiro and with the assistance of Adv. Vered Glaubach negotiated this deal solely via online communication, proving the necessity of high-speed fiber infrastructure Internet.
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.