Overview
Michele has over a decade of experience advising issuers and underwriters on the full range of international capital markets transactions, including advising on high-yield and investment-grade debt offerings, offerings of equity-linked products, structured finance and exchange offers as well as liability management and restructuring exercises.
Work Highlights
Michele has advised on many market-leading transactions, including having:
- ReNew Power Private Limited:
- advised the lead managers on the Reg S/Rule 144A issuance of US$325m 5.375% Senior Secured Notes due 2024 issued by special purpose vehicle, India Green Energy Holdings (IGEH), the proceeds of which were used by IGEH to subscribe to eleven series of rupee-denominated senior secured bonds issued (and cross-guaranteed) by eleven subsidiaries of, and guaranteed by, ReNew Power.
- advised the lead managers on the Reg S/Rule 144A issuance of US$460m 4.0% Senior Secured Notes due 2027 issued by special purpose vehicle, India Green Power Holdings (IGPH), the proceeds of which were used by IGPH to subscribe to seven series of rupee-denominated senior secured bonds issued (and cross-guaranteed) by seven subsidiaries of, and guaranteed by, ReNew Power.
- IRB Infrastructure Developers Limited: advised the lead managers on the Reg S/Rule 144A issuance of US$300m 5.5% Secured Notes due 2024 issued by special purpose vehicle, India Toll Roads (ITR), the proceeds of which were used by ITR to subscribe to rupee-denominated senior secured bonds issued by IRB Infrastructure Developers.
- Continuum Green Energy: advised Continuum Energy Levanter (Levanter), a special purpose vehicle and wholly-owned subsidiary of Continuum Green Energy, on its Reg S/Rule 144A issuance of US$561m 4.50% Senior Notes due 2027, the proceeds of which were used by Levanter to subscribe to seven series of rupee-denominated senior secured bonds issued (and cross-guaranteed) by seven subsidiaries of Continuum Green Energy.
- Hero Future Energies Asia: advised Clean Renewable Power (Mauritius) Pte. Ltd. (CRP), a special purpose vehicle and wholly-owned subsidiary of Hero Future Energies Asia, on its Reg S/Rule 144A issuance of US$363m 4.25% Senior Notes due 2027, the proceeds of which were used by CRP to subscribe to eight series of rupee-denominated senior secured bonds issued (and cross-guaranteed) by eight subsidiaries of Hero Future Energies Asia.
- Delhi International Airport Limited: advised the lead managers on the Reg S/Rule 144A issuance of US$450m 6.25% Secured Notes due 2025 issued by special purpose vehicle, Cliffton Limited (Cliffton), the proceeds of which were used by Cliffton to subscribe to rupee-denominated senior secured bonds issued by Delhi International Airport Limited.
Admissions