Paul Hastings Represents Deutsche Bank and Standard Chartered Bank in US$350 Million High Yield Bond Offering for Global Cloud Xchange

August 12, 2014

Hong Kong (August 12, 2014) - Paul Hastings, a leading global law firm, announced today that the firm represented Deutsche Bank AG, Singapore Branch and Standard Chartered Bank in connection with a Rule 144A and Regulation S offering of US$350 million of 7.0% senior secured notes due 2019 by GCX Limited, a subsidiary of India’s Reliance Communications, and a leading global data communications service provider with one of the largest global subsea cable and terrestrial networks. The notes were listed on the Singapore Stock Exchange.

Leveraged Finance partners David Grimm and Brett King led the Paul Hastings team from Hong Kong while Ronan O’Sullivan, Karl Balz and Mounir Letayf assisted with security and guarantee arrangements in the United Kingdom, Germany and France. The Paul Hastings team also included associates Dane Johansen, Yingying Chen, Josefina Bautista and Lisa Park in Hong Kong, Rebecca Coveney in London, Finn Lubberich in Frankfurt and Camille Bakouch in Paris.

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.