Shearman & Sterling Advises on $8 Billion Financing for AT&T

Shearman & Sterling advised Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Barclays Bank PLC, and Merrill Lynch, Pierce, Fenner & Smith Incorporated as joint lead arrangers and joint bookrunners in connection with a $8 billion financing for AT&T Inc., consisting of a $3 billion five-year credit facility and a $5 billion amended and restated four-year credit facility.

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Tags:  Shearman & Sterling LLP | New York

Shearman & Sterling Advises Barry Callebaut on Acquisition of Cocoa Ingredients Division from Petra Foods

Shearman & Sterling is advising Barry Callebaut on its acquisition of the Cocoa Ingredients Division of Petra Foods Limited in a transaction valued at US$950 million. The transaction is subject to approval by Petra Foods’ shareholders as well as regulatory authorities. The closing of the transaction is expected in summer 2013.

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Shearman & Sterling Advises NASDAQ OMX on Acquisition of Thomson Reuters’ Investor Relations, Public Relations and Multimedia Solutions Businesses

Shearman & Sterling is advising the NASDAQ OMX Group Inc. in its $390 million acquisition of Thomson Reuters’ Investor Relations, Public Relations and Multimedia Solutions businesses. Upon completion of the transaction, these complementary businesses will be integrated into NASDAQ OMX Corporate Solutions. The proposed transaction will be subject to customary regulatory approvals and is expected to close in the first half of 2013.

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Cravath – Sherwin-Williams Company’s Senior Debt Offering

Cravath represented the underwriters, led by Citigroup, J.P. Morgan Securities and Wells Fargo Securities, in connection with the US$1 billion registered senior debt offering of The Sherwin‑Williams Company, a developer, manufacturer, distributor and seller of paint, coatings and related products to professional, industrial, commercial and retail customers. The transaction closed on December 7, 2012.

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Tags:  Cravath, Swaine & Moore LLP | New York

Simpson Thacher Represents the International Managers in Japanese IPO of Daiwa House REIT Investment Corporation

The Firm recently represented the joint international managers in connection with the initial public offering of Daiwa House REIT Investment Corporation on the Tokyo Stock Exchange, which included an international offering to institutional investors pursuant to Rule 144A and Regulation S. The offering raised approximately ¥54 billion (US$675 million) which was used together with bank financing to acquire an initial portfolio of assets for the J-REIT. Morgan Stanley, Nomura Securities and UBS acted as joint international managers for the offering.

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Simpson Thacher Represents Volvo Car Financial Services in Connection with the Structuring of Automobile Financing Program

The Firm recently represented Volvo Car Financial Services U.S., LLC, a newly created U.S. captive auto finance subsidiary of Volvo Car Corporation, in connection with the structuring of a program with Bank of America, N.A. for the origination and financing of automobile retail installment contracts and leases.

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Cahill Represents Financing Sources in Acquisition Financing for Clean Harbors

Cahill represented the joint-book running managers and co-managers in connection with the Rule 144A/Reg S offering of $600,000,000 aggregate principal amount of 5.125% Senior Notes due 2021 by Clean Harbors, Inc. that closed today. Proceeds from the offering are intended to be used to fund a portion of the cost of the proposed acquisition by Clean Harbors of Safety-Kleen, Inc. If the acquisition does not occur, the notes will be subject to mandatory redemption.

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Tags:  Cahill Gordon & Reindel LLP | New York