Cross-Border Latham & Watkins Team Advises Borse Dubai in Connection with Repayment and Refinancing of its $2.45bn Term Loan Facility

December 21, 2010

Latham & Watkins represented Borse Dubai Limited on US and DIFC (Dubai International Financial Centre) law in connection with its entry into a series of transactions with Nasdaq OMX Group, Inc., Nomura International Plc and Emirates NBD Bank PJSC to secure partial repayment and partial refinancing resulting, in aggregate, in an $1.1bn early repayment of its existing $2.45bn Term Loan Facility. As part of the multi-transaction refinancing, Latham & Watkins advised Borse Dubai on the sale of approximately 22.78 million shares of common stock of NASDAQ OMX to NASDAQ OMX and its private sale of 8.0 million shares of common stock of NASDAQ OMX to Nomura for proceeds of approximately US$ 497 million and US$ 175 million respectively. Latham also advised Borse Dubai on its 3-year loan facility of approximately US$ 428million arranged by Nomura and Emirates NBD. The Latham & Watkins team included attorneys in its US and Middle East offices. New York capital markets partner Witold Balaban led the US team which included corporate associates Reza Mojtabaee-Zamani and Andrew Lyle; tax partner William Lu with associates Victoria Louie and Bora Bozkurt; and finance partner Lawrence Safran. Dubai partners Andrew Tarbuck and Kai Schneider, together with associates Aaron Bielenberg and Arjun Ahluwalia advised on DIFC law.

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