Haynes Boone's debt capital markets team in London has advised Linklease Finance Plc, in its capacity as issuer, on the third series (Series 2021-LL3) from its US$500,000,000 medium-term note (MTN) bond programme.
The first US$50,000,000 series of bonds was issued by Linklease in December 2018, with a second GB£20,000,000 series issued in July 2020.
This third series of bonds for an amount of €20,000,000 was issued in October 2021. All three series of bonds are listed on the Cayman Islands Stock Exchange and the Frankfurt Stock Exchange. The bonds will fund specialist equipment leasing transactions in the Middle East, originated by Link Lease Equipment Rental LLC, an equipment rental company licensed in the United Arab Emirates (UAE), which leases equipment to a broad range of sectors, including clean energy, healthcare, transport and logistics.
Haynes Boone’s team comprised Partner Martin Pugsley and Associate Michael Byrne from the global Capital Markets and Securities Practice Group. Pugsley said: "We are pleased to advise Linklease again on the third series of bonds issued under their US$500m programme, which continues to open up lines of funding to mid-tier businesses in the UAE and broader region. Haynes Boone has an established global capital markets and securities team which is well placed to assist global issuers and sponsors in DCM transactions and we are delighted to have been lead counsel on the Linklease MTN programme once again."
Steve Williams, CEO of the sponsor Link Lease Equipment Rental LLC, said: "The third series of the Linklease bond opens up further funding from euro investors for equipment rentals to SMEs, a part of the economy which is traditionally under-funded by banks and lenders in the GCC Region. We are looking forward to working with Haynes Boone on an ongoing basis across other areas of our business."
Haynes Boone’s Capital Markets and Securities lawyers serve as counsel to many public companies ranging in size from small cap companies to large cap multi-national business entities, spanning the energy, banking, technology, manufacturing, financial, biotech/life sciences, hospitality, and transportation industries. In addition to public companies, the group also represents investment banks as underwriters and placement agents in capital markets transactions.
Haynes Boone is an international corporate law firm with offices in Texas, New York, California, Charlotte, Chicago, Denver, Washington, D.C., London, Mexico City and Shanghai, providing a full spectrum of legal services in energy, technology, financial services and private equity. With 600 lawyers, Haynes Boone is ranked among the largest U.S.-based firms by The National Law Journal, The American Lawyer and The Lawyer. It was recognized for excellence in the BTI Consulting Group’s 2021 “A-Team” report, which identifies the law firms that in-house counsel commend for providing superior client service.