Jack Adachi
Biography
Overview
Jack is an associate in the Firm's Capital Markets group in London. His experience includes advising both underwriters and issuers in a broad range of debt capital markets transactions and representing clients in equity capital markets and financial restructurings.
Jack has previously been seconded to our Paris office and to the legal departments of Citigroup and Blackstone Credit (formerly GSO Capital Partners).
Experience
Representative experience includes advising in connection with a number of capital markets and debt finance transactions, including advising:
Ereğli Demir ve Çelik Fabrikaları T.A.Ş. (Erdemir) on its inaugural US$750 million 8.375% Senior Notes due 2029, listed on Euronext Dublin. This is Erdemir's debut issuance on the bond market.
The Republic of Serbia, represented by the Government of the Republic of Serbia, acting by and through the Ministry of Finance, on the US$ 1.5 billion 6.000 per cent. Notes due 2034 under its GMTN Programme. This is the first USD denominated sustainable bond issuance by a European Sovereign.
An entity managed by Heights Capital Management, Inc. (""HCM"") in connection with HCM's SEK 60.5 million (equivalent to approximately US$ 5.5 million) investment in SynAct Pharma AB (publ), a Swedish clinical stage biotechnology company.
The Saudi Arabian Oil Company (Saudi Aramco) as issuer on the update of its GMTN Programme and issuance thereunder of three tranches of senior unsecured notes (US$2 billion 5.250% notes due 2034, US$2 billion 5.750% notes due 2054 and US$2 billion 5.875% notes due 2064).
The joint lead managers on the offering of €500 million 5.618% sustainability-linked notes issued by TDC NET A/S and guaranteed by TDC NET Holding A/S pursuant to a €3.5 billion Euro Medium Term Note Programme.
Bank Leumi le-Israel B.M. as the issuer on the offering of US$500 million 5.125% Senior Notes due 2027. This deal was the first senior unsecured bond issued by an Israeli bank to international institutional investors pursuant to Rule 144A and Regulation S under the U.S. Securities Act of 1993.
The Saudi Arabian Oil Company (Saudi Aramco) on the sale by the Kingdom of Saudi Arabia of 1.545 billion ordinary shares (excluding the over-allotment option) of Saudi Aramco, representing 0.64% of the company's issued shares, in connection with its secondary public offering. The gross proceeds to the Kingdom of Saudi Arabia from the offering were SAR 42.10 billion (U.S.$11.23 billion), subject to the over-allotment option.
A fund advised by Heights Capital Ireland LLC, a global equity and equity-linked focused investor, on the subscription for US.21.2 million amortising senior convertible bonds due 2027 issued by Renalytix Plc, a public company incorporated in England and listed on the AIM Market of the London Stock Exchange. The bonds are convertible into American Depositary Shares listed on the Nasdaq Global Market and each representing two ordinary shares in the share capital of Renalytix Plc and were issued alongside a concurrent U.S.$8.8 million private sale of ordinary shares and/or American Depositary Shares to certain existing shareholders, employees and institutional accredited investors.
The Arrangers and Dealers, on the establishment of a Rule 144A/Regulation S US$2 billion global medium term note programme for OCI N.V., guaranteed by Iowa Fertilizer Company LLC. The Firm also advised the Managers, including BofA Securities, J.P. Morgan and MUFG, Barclays, BNP Paribas, Citigroup, Credit Agricole, Goldman Sachs, HSBC, Mashreqbank, Morgan Stanley, Rabo Securities, Société Générale and Standard Chartered Bank, on the issuance of US$600 million 6.700% Notes due 2033 under the programme. The Notes were offered pursuant to Rule 144A and Regulation S and are listed on Euronext Dublin.
UBS AG as Sole Lead Manager and Bookrunner in connection with the issuance by Société Générale of a dual tranche issuance of CHF 160 million 0.280%. Senior Preferred Notes due 26 January 2027 (Series no.: PA 135/22-01- Tranche no.: 1) and CHF 100 million 0.745%. Callable Senior Non-Preferred Notes due 26 January 2029 (Series no.: PA 136/22-01 - Tranche no.: 1) under their Euro Medium Term Note – Paris Registered Programme.
The Ministry of Finance of Ukraine on a comprehensive liability management transaction that, among other things, defers for two years Ukraine's contractual obligation to make payments under approximately US$25 billion of its international bonds, GDP-linked warrants and sovereign-guaranteed debt obligations.
A fund advised by Heights Capital Ireland, LLC, a global equity and equity-linked focused investor, in respect of US$5 million Senior Unsecured Convertible Bonds due 2026 issued by Pantheon Resources Plc, a public company incorporated in England and listed on the AIM market of the London Stock Exchange. The Bonds are convertible into fully paid-up ordinary shares in the capital of the issuer and were issued alongside a concurrent US$38 million equity placing by way of accelerated bookbuild process and US$3 million equity retail offer.
Citigroup Global Markets Limited, MUFG Securities EMEA plc, UBS AG London Branch, VTB Capital plc, First Heartland Securities JSC and Freedom Finance JSC as managers on the offering of US$500 million 2.00%. Notes due 2026 by "Sovereign Wealth Fund ""Samruk-Kazyna"" JSC pursuant to Rule 144A and Regulation S of the US Securities Act of 1933. The notes are listed on the London Stock Exchange.
Saudi Arabian Oil Company (Saudi Aramco) on the sale by the Kingdom of Saudi Arabia of 1.545 billion ordinary shares of Saudi Aramco, representing 0.64% of the Company's issued shares, in connection with its secondary public offering.
The Republic of Serbia, represented by the Government of the Republic of Serbia, acting by and through the Ministry of Finance, on its issuance of US$1.5 billion 6.000 per cent. Notes due 2034 under its Global Medium Term Note Programme.
The Republic of Zambia on its consent solicitation for its U.S. $750,000,000 5.375% Notes due 2022, U.S. $1,000,000,000 8.500% Notes due 2024, and U.S. $1,250,000,000 8.970% Notes due 2027 in exchange for new notes consisting of U.S. $1,718,543,303 Fixed Rate Step-Up Amortising Notes due 2033 (New A Notes) and U.S. $1,364,725,564 Fixed Rate Step-Up Amortising Notes due 2053 (New B Notes).
Bank Leumi le-Israel B.M. on a US$500 million issuance of Tier 2 Subordinated Green Notes.
The Republic of Cameroon on its issuance of €685 million principal amount of its 5.950% amortizing notes due 2032 and tender offer for its 9.50% amortizing notes due 2025 and the partial unwinding of the hedge relating to the tender offer. The new notes are listed on the London Stock Exchange.
BofA Securities, J.P. Morgan and MUFG, as Arrangers and Dealers, on the establishment of a Rule 144A/Regulation S US$2 billion global medium term note (GMTN) programme for OCI Global, guaranteed by Iowa Fertilizer Company LLC, and on a US$600 million Notes issuance thereunder.
Crédit Agricole CIB as global coordinator and manager on Euronext's offering of €60 million 0.125% bonds due 2026, €600 million 0.75% bonds due 2031 and €600 million 1.5% bonds due 2041. The bonds were issued and listed on May 17, 2021 on Euronext Dublin.
Crédit Agricole CIB on a dual-tranche issuance of €650 million 0.750% notes due October 25, 2028 and €600 million 1.375% notes due May 25, 2033 by Unibail-Rodamco-Westfield SE under its euro medium-term note (EMTN) program.
Société Générale as joint lead manager on the issue by Dexia Credit Local of US$1 billion 0.500% fixed-rate guaranteed US medium-term notes due July 16, 2024 under its euro medium-term note (EMTN) program.
Société Générale as joint lead manager on the issue by Dexia Credit Local of US$1.5 billion 1.125% guaranteed US medium term notes due April 9, 2026 under its euro medium-term note (EMTN) program.
Citigroup as joint lead manager on an issue of €1.5 billion 0.625 % senior non-preferred notes due November 2028 (Series No: 517–Tranche No: 1) by Banque Fédérative du Crédit Mutuel under its euro medium-term note (EMTN) program.
