Squire Patton Boggs Peña Prieto Gamundi Advises Dominican Power Partners in Connection with US$260 Million Syndicated Credit Facility

Squire Patton Boggs Peña Prieto Gamundi, the Santo Domingo, Dominican Republic office of Squire Patton Boggs (US) LLP, acted as special Dominican counsel for Dominican Power Partners (DPP) in connection with the closing of a syndicated credit facility for an aggregate principal amount of up to US$260 million. DDP is the first investment in the Dominican Republic for AES Corporation, one of the largest private investors in the electrical sector in the Dominican Republic.

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K&L Gates Represents Underwriters in $220 Million Initial Public Offering of Forward Pharma A/S

Global law firm K&L Gates LLP represented the underwriters in connection with the $220 million initial public offering of Forward Pharma A/S, a biopharmaceutical company working to advance a proprietary formulation of dimethyl fumarate for the treatment of multiple sclerosis and other immune disorders such as psoriasis. Forward Pharma issued 10.5 million American Depositary Shares (ADSs), representing the company’s ordinary shares at a price to the public of $21 per ADS. The ADSs now trade on the NASDAQ Global Select Market under the ticker symbol “FWP”.

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DLA Piper advises Dusit International on Australian resort

DLA Piper has advised Thailand-based hospitality group Dusit International on its role in the development of a AU$550 million golf and spa resort in Brookwater, Queensland. Dusit will provide technical and consultative expertise during the development phase, and operational capability during the operations phase.

The Dusit Thani Brookwater Golf & Spa Resort phase one of development will include 168 apartments with private plunge pools, a recreation club with lagoon pools, lap pools and water slides, a gym, bridal centre, four restaurant, lobby lounge, executive club and a Devarana Spa. Food markets and events spaces will also form part of the first phase, which is valued at AU$110 million and is expected to be completed in the third to fourth quarter of 2016.

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INEOS Group Holdings S.A.’s High-Yield Senior Debt Offering

Cravath represented INEOS Group Holdings S.A. in connection with its €600 million and US$590 million 144A/Reg. S high‑yield senior debt offering, guaranteed by INEOS Luxembourg S.A., INEOS Holdings Limited and certain of their subsidiaries. INEOS is one of the world’s largest chemical companies and has highly integrated, world‑class chemical facilities and production technologies. The notes were listed on the Luxembourg Stock Exchange. The transaction closed on February 18, 2014.

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Shell Midstream Partners Prices Largest MLP IPO in History

Shell Midstream Partners, L.P., a limited partnership formed by Royal Dutch Shell, announced the pricing of its initial public offering of 40,000,000 common units representing limited partner interests at $23.00 per common unit. The underwriters of the offering have a 30-day option to purchase up to an additional 6,000,000 common units from Shell Midstream Partners. The common units will begin trading on the New York Stock Exchange on October 29, 2014 under the ticker symbol “SHLX.”  The offering is expected to close on or about November 3, 2014, subject to customary closing conditions.

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Willkie Assists Momentive Performance Materials in Successful Restructuring

Momentive Performance Materials, Inc. and its affiliates (“MPM”) successfully consummated its prenegotiated plan of reorganization and exited from bankruptcy just six months after its bankruptcy filing. Willkie led the complex representation of MPM, a maker of silicone and quartz products, and 11 of its affiliates in connection with their chapter 11 bankruptcy cases before the Honorable Robert D. Drain in the United States Bankruptcy Court for the Southern District of New York. Prior to its filing, Willkie led the negotiation and documentation of MPM’s prenegotiated plan of reorganization, which had the support of approximately 90% of its second lien noteholders. The restructuring resulted in the elimination of more than $3 billion of debt from MPM’s balance sheet.

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Ingersoll Rand Completes $1.1 Billion Senior Notes Offering

Simpson Thatcher represented Ingersoll-Rand plc (NYSE: IR) in connection with a registered offering of $300 million aggregate principal amount of 2.625% Senior Notes due 2020, $500 million aggregate principal amount of 3.550% Senior Notes due 2024 and $300 million aggregate principal amount of 4.650% Senior Notes due 2044. The notes were issued by Ingersoll-Rand Luxembourg Finance S.A., and guaranteed by Ingersoll-Rand plc, Ingersoll-Rand Company Limited, Ingersoll-Rand International Holding Limited, Ingersoll-Rand Company and Ingersoll-Rand Global Holding Company Limited. Goldman, Sachs & Co., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated acted as joint lead bookrunning managers of the offering.

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Paul Hastings Represents Initial Purchasers in $5.1 Billion High Yield Bond Offering For Dynegy Inc.

Paul Hastings LLP, a leading global law firm, represented Morgan Stanley & Co. LLC, Barclays Capital Inc., Credit Suisse Securities (USA) LLC, RBC Capital Markets, LLC and UBS Securities LLC as representatives of the initial purchasers in connection with the offering of $5.1 billion aggregate principal amount of notes issued in the form of units by Dynegy Finance I, Inc. and Dynegy Finance II, Inc., wholly owned subsidiaries of Dynegy Inc., a producer and distributer of electric energy, capacity and ancillary services in key U.S. markets.

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