Allen & Gledhill has advised Flex on the issue of US$250 million 3.75 percent notes due 2026 and US$325 million 4.875 percent notes due 2030. Nasdaq-listed Flex is a globally-recognised provider of Sketch-to-ScaleTM services, from conceptual sketch to full-scale production. Partners Tan Tze Gay, Bernie Lee and Sunit Chhabra led the firm’s team in the transaction. Ashurst has acted for Australia and New Zealand Banking Group (ANZ), Sumitomo Mitsui Banking Corporation (SMBC) and Shinhan Bank, as the joint mandated lead arrangers and book-runners, on a US$450 million syndicated green loan to SK Battery America, a subsidiary of listed Korean oil refining company SK Innovation. SK Innovation is a leading oil and chemical company in South Korea, and a core business of the SK group, the country’s third-largest conglomerate. The company’s origins date back to the establishment of Korea Oil, the country’s first oil refining company, in 1962. The proceeds of the loan will finance the construction and development of proposed electric vehicle battery plants in the US, in line with the company’s green finance framework. ANZ and SMBC acted as joint green coordinators, while ANZ acted as agent on the transaction, which closed shortly after the introduction of the new green loan guidelines jointly published by the APLMA, LMA and LSTA. Partners Jean Woo and Michael Neary led the firm’s team in the transaction. AZB & Partners is advising ICICI Lombard General Insurance on the demerger, under a scheme of arrangement, of the general insurance business of Bharti AXA General Insurance into ICICI Lombard. Partners Shameek Chaudhuri, Arvind Ramesh and Bharat Budholia are leading the firm’s team in the transaction, which was signed on...
