HCA Completes $2 Billion High Yield Debt Offering

Simpson Thacher recently represented HCA Inc. in its high yield offering of $600 million aggregate principal amount of 4.25% Senior Secured Notes due 2019 and $1.4 billion aggregate principal amount of 5.25% Senior Secured Notes due 2025. HCA intends to use the net proceeds for the redemption of a series of its existing secured notes, for related fees and expenses and for general corporate purposes.

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Littler Enters Peru

Littler, the world’s largest employment and labor law practice representing management, will combine with Peru’s leading labor and employment law boutique, Estudio Gonzalez & Asociados, effective November 1, 2014. Littler’s expansion into Peru is part of its global growth strategy that includes combining with leading firms in key international markets through Littler Global.

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Goodwin Procter Represents Boston Private in Acquisition of Banyan Partners

Goodwin Procter recently advised Boston Private Bank & Trust, a subsidiary of Boston Private Financial Holdings (NASDAQ: BPFH), on its acquisition of substantially all assets and assumption of certain liabilities of Banyan Partners, LLC, an independent wealth management and registered investment advisory firm. In the transaction, Banyan’s wealth management business was combined with Boston Private Bank’s wealth management and trust division to create a new wealth management company with approximately $9 billion in client assets. The new company is headquartered in Boston and has offices in seven key regions, including New England, Northern and Southern California, Florida, Texas and Wisconsin.

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DLA Piper advises Dignity Group on £595m financing

DLA Piper has advised Dignity Group (“Dignity”) on its exchange offer and further issue of secured notes which was completed on 17 October 2014.

The bond issue will be followed by a return of circa £64 million to shareholders, equating to £1.20 per ordinary share. Following the transaction the group’s annual debt service costs are expected to reduce from £40 million to approximately £33 million.

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Dentons advises Oman Oil on US$1.85 billion revolving credit

Dentons has advised Oman Oil Company, a national oil investment company wholly owned by the Government of the Sultanate of Oman, on its inaugural corporate borrowing.

Acting as Omani law counsel, Dentons advised OOC on its US$1.85 billion revolving credit facility from over 15 international and local banks together with related corporate governance aspects of OOC’s entry into the facility. The revolving credit facility was split between a US$1 billion three-year tranche and an US$850 million piece with a five-year lifespan.

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BDT Raises $5.2 Billion of Capital Commitments for Fund II

BDT Capital Partners (“BDT”) announced in a filing with the United States Securities and Exchange Commission that BDT had raised approximately $5.2 billion of capital commitments from over 100 investors for BDT Capital Partners Fund II, L.P. and its related parallel partnership vehicles. Cravath represented BDT in connection with the fundraising for Fund II.

The Cravath team included partner David J. Perkins and associate Matthew J. Aldana on corporate matters; partners Andrew W. Needham and Christopher K. Fargo and associate Ashley N. Elnicki on tax matters; and partner Jennifer S. Conway and associate Jonathan J. Katz on ERISA matters.

Bird & Bird opens Australia office following merger with Truman Hoyle

International law firm Bird & Bird today announced a merger with Sydney based firm Truman Hoyle. The merger will go live on 3 November 2014, bringing the number of Bird & Bird offices around the world to 27. The merger with Truman Hoyle follows a successful cooperation agreement which the two firms entered into in March 2013.

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Paul Hastings Advises Banks on Financing Mountaineer Keystone Energy’s Acquisition of PDC Mountaineer Assets

Paul Hastings LLP, a leading global law firm, represented the banks in financing the acquisition of the equity interests and certain oil and gas properties of PDC Mountaineer, LLC by Mountaineer Keystone Energy, LLC.

Citigroup Global Markets, Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated acted as joint lead arrangers and bookrunners, and Citibank, N.A., acted as administrative agent, on the financing. The financing consisted of a $110 million first lien reserve-based revolving facility.

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US $2 billion Punta Catalina Coal Fired Power Project, Dominican Republic

Davis Polk advised Construtora Norberto Odebrecht S.A. in connection with the construction and joint venture arrangements for the design, engineering, procurement, construction and commissioning of two “clean coal” fired thermoelectric power plants to be located in Punta Catalina, Hatillo, in the Dominican Republic. The power plants are being constructed on behalf of Corporación Dominicana de Empresas Eléctricas Estatales. The Project has been undertaken as a solution to the country’s electricity shortages and high energy prices.

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