Clifford Chance and Al Jadaan & Partners Law Firm Advise on a Proposed US$1.3 Billion Saudi Shipping Merger

International law firm Clifford Chance, in conjunction with Al Jadaan & Partners Law Firm, has advised The National Shipping Company of Saudi Arabia (Bahri) in relation to the proposed US$1.3 billion merger of the fleets and operations of Bahri and Vela International Marine Ltd., a wholly-owned subsidiary of Saudi Aramco. The definitive transaction documents were signed in Riyadh on 4 November 2012.

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Tags:  Clifford Chance LLP | Dubai

Jenner & Block Represents General Dynamics in Public Offering of $2.4 Billion of Notes

Jenner & Block recently represented General Dynamics in a public offering of an aggregate of $2.4 billion of notes, guaranteed by certain of GD’s key operating subsidiaries, consisting of $900 million of 1.000% Notes due 2017, $1 billion of 2.250% Notes due 2022 and $500 million of 3.600% Notes due 2042. The transaction was launched on Thursday, November 1, 2012, and was priced later that day after a brief period of marketing by GD’s underwriters J.P. Morgan Securities, BofA Merrill Lynch, RBS Securities and Wells Fargo Securities. The offering was completed on November 6, 2012.

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Tags:  Jenner & Block, LLP

Paul Hastings Represents RBC Capital Markets and BMO Capital Markets in $250 Million Renaissance Learning Refinancing

Paul Hastings LLP, a leading global law firm, announced today that the firm represented Royal Bank of Canada as administrative agent and collateral agent and RBC Capital Markets and BMO Capital Markets Corp. as joint lead arrangers in connection with Renaissance Learning, Inc.’s $250,000,000 senior secured facilities. The financing consisted of a $230,000,000 term loan facility and a $20,000,000 revolving loan facility, the proceeds of which were used to refinance Renaissance Learning, Inc.’s existing senior secured facilities and pay related fees and expenses.

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Tags:  Paul Hastings LLP | New York