Adrian J. S. Deitz

Mr. Deitz has advised issuers and private equity sponsors in offerings of high-yield debt securities, including offerings to finance acquisitions and leveraged recapitalizations, and has counseled issuers of high-yield debt securities in restructuring transactions. He also has represented governments, strategic equity partners and underwriters in connection with privatization and sovereign financing matters. Mr. Deitz also has advised issuers, private equity sponsors and underwriters on initial public offerings and listings on the world’s major stock exchanges. Mr. Deitz has worked closely with investment banks in developing new financial products, including trust preferred securities; cash-settled exchangeable securities; and innovative capital securities issued by Australian, Dutch, French, German and Italian banks. Mr. Deitz also has advised bidders and targets on the financings and U.S. securities law aspects of mergers and acquisitions, including unsolicited public company transactions. He has been repeatedly selected for inclusion as a “leading lawyer” in Chambers Global and Chambers Asia-Pacific.

Mr. Deitz’s representations include advising:

Leveraged Finance and Debt Offerings

• Perenti Ltd (formerly known as Ausdrill) in its high-yield notes offerings
• Nufarm Limited in three high-yield notes offerings
• the underwriters of Barminco Finance Pty Limited’s high-yield notes offering
• the underwriter of Emeco Holding Limited’s secured high-yield notes offering
• the underwriter of Fortescue Metals Group Limited US$2.3 billion secured high-yield notes offering
• Credit Suisse AG in connection with its arrangement of a fully underwritten covenant-lite US$5 billion senior secured term loan to Fortescue Metals Group Limited. The transaction is the second-largest leveraged covenant-lite term loan of all time, the largest institutional term loan since 2007 and the largest leveraged metals and mining term loan of all time. It also was recognized in the Finance category in the Financial Times’ 2013 U.S. Innovative Lawyers report
• Orionstone Pty. Ltd. in its proposed high-yield notes offering
• Newcrest Mining Limited in U.S. note offerings
• APN News & Media Limited in its proposed high-yield notes offering
• Impress Holdings B.V. in its high-yield notes offering in connection with its leveraged recapitalization
• Brambles Limited in European medium-term note and U.S. note offerings
• DEXUS Property Group in a U.S. note offering and U.S. debt private placements
• QBE Insurance Group Limited in senior notes, convertible securities and exchangeable subordinated notes offerings
• the underwriters of a U.S. note offering by Origin Energy Limited
• the Port of Brisbane in U.S. debt private placements

Privatizations and Sovereign Matters

• the Commonwealth of Australia in relation to the Australian government’s guarantee of Australian bank and state government bond offerings during the global financial crisis
• the dealer panel of New South Wales Treasury Corporation’s U.S. SEC-registered medium-term note program
• ADSB Telecommunications B.V. in the sale of its interest in Belgacom SA/NV in the initial public offering and listing on Euronext Brussels of Belgacom SA/NV
• the government of the Republic of South Africa in the initial public offering and listing on the Johannesburg Stock Exchange and the New York Stock Exchange of Telkom SA Limited
• the joint global coordinators of the initial public offering and listing on the Oslo Stock Exchange and Nasdaq of Telenor ASA

Initial Public Offerings

• Zhaopin Limited, a career platform in China and a subsidiary of SEEK Limited, in its initial public offering and listing on the New York Stock Exchange
• the underwriters of the initial public offering and Frankfurt Stock Exchange listing of GAGFAH S.A., an owner of residential real estate in Germany and a portfolio company of Fortress Investment Group
• Doughty Hanson & Co Ltd. in the proposed initial public offering of its permanent capital vehicle
• SAFT Group S.A., an advanced technology batteries manufacturer and Doughty Hanson portfolio company in its initial public offering and listing on Euronext Paris

Mergers and Acquisitions

• Arcelor in its €32 billion merger with Mittal Steel N.V.
• SCOR in its US$2.8 billion acquisition of Converium Holding AG

New Products

• the underwriters of the initial public offering and listing on the Oslo Stock Exchange of Findexa ASA, the first European offering of high-yield dividend shares
• Merrill Lynch in the development of the PHONES cash-settled exchangeable debt product and the TOPrS trust preferred securities product

Corporate Restructuring

• NTL Incorporated in its US$10.6 billion restructuring implemented through a prearranged Chapter 11 filing and parallel administrations in the United Kingdom involving a highly complex capital structure with 26 series of high-yield debt issued by six different companies