Davis Polk advised Western Refining, Inc. in connection with the September 22, 2011 amendment and restatement of its existing senior, secured asset-backed revolving credit facility with Bank of America, N.A., as administrative agent, and the lenders party thereto. Pursuant to the amendment and restatement, Western Refining increased the facility size to $1 billion, extended the maturity of the facility to September 22, 2016, reduced the rate of interest and fees, added borrowing base availability, and made certain other changes, including increased flexibility with respect to certain covenants. In conjunction with the amendment and restatement, Western Refining also amended certain provisions of its existing senior, secured term loan facility to conform to corresponding provisions in the revolving credit facility.
Tags: Davis Polk & Wardwell | New York Monthly Archives: September 2011
White & Case Advises Groupe Auchan on the Restructuring of its Joint Venture in China and on the IPO of Sun Art Retail Group Limited
Global law firm White & Case LLP advised Groupe Auchan on the restructuring of its joint venture with the Taiwanese conglomerate Ruentex, leading to Groupe Auchan’s acquisition of a majority stake in Sun Art Retail Group Limited (formerly Sun Holdings), involving inter alia merger control procedures in China, and on the IPO of Sun Art Retail Group Limited on the Main Board of the Hong Kong Stock Exchange.
Tags: White & Case LLP | Hong Kong Polsinelli Shughart Expands National Energy Practice
Polsinelli Shughart welcomes attorney Matthew E. Ross as a shareholder in the firm’s Business department where he will focus his practice on all aspects of energy law including assisting clients with developing renewable energy projects and in achieving energy efficient business practices. Ross holds LEED professional accreditation, the leading professional designation for the green building, construction and development industry.
Tags: Polsinelli PC Herbert Smith Advises Citigroup and DBS on US$148m IPO of Hongguo International Holdings Limited
Herbert Smith has recently advised Citigroup Global Markets Asia Limited and DBS Asia Capital Limited as the joint global coordinators on the HK$1.15 billion (US$148 million) listing of Hongguo International Holdings Limited (“Hongguo”) on the main board of the Hong Kong Stock Exchange and Rule 144A/Regulation S global offering.
Tags: Herbert Smith Freehills LLP | Hong Kong Christopher Roman, an Authority on REITs, Joins King & Spalding
Christopher Roman has joined King & Spalding as a partner in its tax practice in New York City, the firm announced today. Roman has extensive experience in the tax issues associated with private equity fund formation and investment, real estate investment trusts and regulated investment companies. He joined King & Spalding from Clifford Chance, where he was a partner in its tax practice.
Tags: King & Spalding LLP | New York Squire Sanders Expands New York-Based US and Cross-Border Corporate Capabilities
Avinash “Avi” Ganatra, a corporate lawyer with extensive experience in US and cross-border capital markets, securities and leveraged finance, has joined the global legal practice Squire, Sanders & Dempsey as a partner in its New York office.
Tags: Squire Patton Boggs | New York T&K Expands Corporate and Securities Practice with Addition of Anna Marie Dempsey
The global law firm of Thompson & Knight LLP is pleased to announce that Anna Marie Dempsey has rejoined the Firm as a Partner in its Corporate and Securities Practice Group in Houston.
Tags: Thompson & Knight LLP | Houston Squire Sanders Launches Western Australia Office
In its second major expansion in less than a year, Squire, Sanders & Dempsey combines on 1 October 2011 with the Perth-based partnership of one of Western Australia’s oldest and most progressive law firms. The combination significantly expands Squire Sanders’ presence in the fast-growing Asia Pacific market.
Tags: Squire Patton Boggs Charles Jenkins Joins Wilson Elser’s Los Angeles Office
National law firm Wilson Elser is pleased to announce its most recent lateral hire, Charles W. Jenkins, a partner in the firms Los Angeles office. Mr. Jenkins has joined the firm’s Toxic Tort, Environmental and Energy practice.
Tags: Wilson Elser Moskowitz Edelman & Dicker LLP | Los Angeles Theodore J. Kobus III Joins Intellectual Property Group
Baker Hostetler announced today that and Theodore (Ted) J. Kobus III has joined the firm’s Intellectual Property Group in its New York office. He joins as Partner and national co-leader of the Privacy, Security and Social Media Team. He serves as team co-leader with Partner Gerald J. Ferguson. Kobus comes to Baker Hostetler from Marshall, Dennehey, Warner, Coleman & Goggin.
Tags: New York