Deals and Client Wins Maples BVI Advises Biohaven Pharmaceutical on up to US$950 million of New Funding
03 Sep 2020
Maples and Calder, the Maples Group's law firm was pleased to advise its longstanding client, Biohaven Pharmaceutical Holding Company Ltd ("Biohaven") on the British Virgin Islands (BVI) legal aspects of its US$500 million non-dilutive term loan with Sixth Street and its US$450 million funding agreement with Royalty Pharma. These transactions relate to separate funding arrangements with Sixth Street and Royalty Pharma with both deals closing in August 2020. The new funding will be used, in part, for the development, promotion and commercial launch of NURTEC ODT, the company's latest FDA-approved migraine medication.
Chris Newton, a Corporate Partner based in the Group's BVI office worked alongside Associate, Amel Wehden and Chartered Legal Executive, Chloe Harris in advising Biohaven, a BVI entity that is listed on the New York Stock Exchange, and other entities within the group.
Commenting on the transaction, Chris said, "We were delighted to assist Biohaven in securing this funding which will support the delivery of NURTEC ODT to patients around the globe. This cash injection will help to support the long term success of Biohaven and we very much look forward to continuing to work with the Biohaven team as their business progresses."
A longstanding client of the Group, the BVI team has acted as Biohaven's legal adviser since its incorporation, advising on its IPO in 2017 as well as other funding arrangements and continues to advise the company on its corporate matters.
Maples and Calder, the Maples Group’s law firm, was pleased to advise the 10.5% noteholder of the Seven Energy Group in relation to the 2019 Seven Energy debt restructuring. A complex and noteworthy matter, the transaction received recognition at the IFLR Sub-Saharan Africa Awards, winning Restructuring Deal of the Year 2020.Read more
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Maples and Calder LLP, the Maples Group's law firm in Dublin, is proud to announce that one of its Partners, Niamh O’Shea, has been recognised as a 'Rising Star' at the Euromoney European Women in Business Law Awards 2020.Read more
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Maples and Calder LLP, the Maples Group's law firm in Ireland, is pleased to announce the appointment of Stephen McLoughlin to head of its Finance practice in Ireland, effective 1 July 2020. Stephen succeeds Nicholas Butcher, Managing Partner of the law firm in Ireland who has been acting as head of the practice for the last 18 months. Nicholas continues in his role as Managing Partner.Read more
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