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Mark S. Bergman Quoted on South African Issues

London-based securities partner Mark S. Bergman was quoted at length in an article discussing South African high yield issuers, which have recently tapped the international high-yield market after a two-year absence. The interest follows last month's offshore issues by Edcon and Foodcorp.

Mr. Bergman recently led the Paul, Weiss team that advised Foodcorp, the first South African issuer to access the high-yield market, with the first-ever capital markets refinancing of high yield debt in South Africa, on its offering of €390 million of senior secured notes to refinance senior secured notes issued in 2005.

"There has been significant attention over whether there is a potential for a local South African high-yield market to develop," noted Mr. Bergman.

The article appears in the March 31 issue of International Financial Law Review.

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