Paul Hastings Advises on High-Yield Bond for Petra Diamonds

May 13, 2015

London - Paul Hastings LLP, a leading global firm, has announced that it advised Petra Diamonds on a $300 million high-yield bond offer, which closed today. Petra Diamonds is a rough diamond producer quoted with a premium listing on the Main Market of the London Stock Exchange and is a constituent of the FTSE 250.
The Paul Hastings team was led by London partner Peter Schwartz with associates Corey Blake, Noel Hughes and William Helmken on the capital markets aspects, partner Karl Clowry on the banking aspects, and partner Arun Birla and associate Jiten Tank on the tax aspects.

“We are very happy to have advised on this transaction for a high-profile issuer on its debut bond issuance," said Mr. Schwartz. "The innovative nature of the transaction – one of the few silent-second lien debt issuances and one of the only high-yield bond issuances in the EMEA natural resources sector this year – demonstrates our continued strength and expertise in natural resources high yield.”

Paul Hastings is a leading global law firm with a strong presence throughout Asia, Europe, Latin America, and the United States. Through a collaborative approach, entrepreneurial spirit, and commitment to client service, the professionals of Paul Hastings deliver innovative solutions to many of the world’s top financial institutions and Fortune 500 companies.