Baker & McKenzie has acted for Ramsay Health Care Limited on its A$500 million (US$525 million) joint venture with Sime Darby Berhad in Asia.
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WFW Advises Seaspan Corporation on a US$350m Facility
Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised Seaspan Corporation on a facility agreement between ICBC (Industrial and Commercial Bank of China) of up to US$350,000,000. The secured loan will be used to refinance Seaspan’s existing debt obligations for seven vessels, and will be split into two loan agreements.
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King & Spalding Represents Wereldhave NV on $720 Million Real Estate Portfolio Sale
King & Spalding represented Dutch real estate investment company Wereldhave NV on the $720 million sale of its 17-property U.S. portfolio to private equity firm Lone Star Funds. The transaction was completed yesterday, March 25.
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Snell & Wilmer Expands Its Corporate and Tax Practice with the Addition of Robert Anderson and Krisanne Cunningham
Snell & Wilmer is pleased to announce that Robert Anderson has joined the Las Vegas office of Snell & Wilmer as a partner, and Krisanne S. Cunningham has joined as counsel. Both Anderson and Cunningham will practice in the firm’s Business and Finance group.
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Davis Polk Advises Comcast, NBCUniversal Media and NBCUniversal Enterprise on the Issuance and Sale of $4 Billion of Senior Notes and $725 Million of Preferred Stock of NBCUniversal Enterprise
Davis Polk advised Comcast Corporation, NBCUniversal Media, LLC and NBCUniversal Enterprise, Inc. in connection with the issuance and sale of $4 billion aggregate principal amount of senior notes and $725 million aggregate liquidation preference of Series A cumulative preferred stock of NBCUniversal Enterprise, Inc. The notes are guaranteed by Comcast and certain of its cable subsidiaries that guarantee Comcast’s publicly traded debt securities. The notes and the preferred stock were issued in connection with Comcast’s acquisition on March 19, 2013, of the 49% common equity interest in NBCUniversal, LLC held by General Electric Company (GE). Sales of the notes and preferred stock were made in separate private placements pursuant to Rule 144A.
Tags: Davis Polk & Wardwell | Silicon ValleyDavis Polk – Medtronic $3 Billion Notes Offering
Davis Polk advised Barclays Capital Inc., Deutsche Bank Securities Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC as joint book-running managers on a $3 billion registered notes offering by Medtronic, Inc. The notes were issued in three tranches: $1 billion aggregate principal amount of 1.375% senior notes due 2018, $1.25 billion aggregate principal amount of 2.75% senior notes due 2023 and $750 million aggregate principal amount of 4.000% senior notes due 2043.
Tags: Davis Polk & Wardwell | New YorkDavis Polk Advises Westar Energy, Inc. on $250 Million First-Mortgage Bond Offering
Davis Polk advised Westar Energy, Inc. in connection with its SEC-registered offering of $250 million in aggregate principal amount of 4.10% first-mortgage bonds due 2043. The joint book-running managers were BNY Mellon Capital Markets, LLC, Deutsche Bank Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated.
Tags: Davis Polk & Wardwell | Silicon ValleyDavis Polk Advises Western Refining, Inc. on Notes Offering and Cash Tender Offer
Davis Polk advised Western Refining, Inc. (Western Refining) in connection with its offering of 6.25% senior notes due 2021 in the aggregate amount of $350 million and a concurrent cash tender offer by Western Refining for any and all of its 11.25% senior notes due 2017. The notes were sold pursuant to Rule 144A and Regulation S under the Securities Act of 1933. The tender offer consideration was funded from the net proceeds of the offering.
Tags: Davis Polk & Wardwell | New YorkDavis Polk – The McGraw Hill Companies, Inc. $500 Million Accelerated Share Repurchase Transaction
Davis Polk advised Goldman, Sachs & Co. in connection with a variable maturity, capped accelerated share repurchase transaction it entered into with The McGraw-Hill Companies, Inc. under which McGraw-Hill is repurchasing $500 million of its common stock. Under the terms of the transaction, McGraw-Hill initially received approximately 7.2 million shares of its common stock, and the total number of shares to be repurchased will be determined over a period that is expected to last no longer than approximately four months.
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Duane Morris LLP Opens Joint Law Venture in Oman, Establishing Presence in Gulf Region
Duane Morris LLP announced today that it has opened its first office in the Middle East through a joint venture with the Al Mashaikhi Law Firm, a multi-practice law firm in Muscat, Oman. The newly established joint venture, to be known as the Dr. Said Al Mashaikhi and Partner Law Firm—A GCC representative office of Duane Morris—significantly expands the capabilities and geographic reach of both firms. The Omani firm was founded by name partner Dr. Said Al Mashaikhi, and Duane Morris partner Jeffrey Rodwell, formerly based in Duane Morris’ London office, who has relocated to Muscat to serve as the managing director.
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