Herbert Smith Freehills launched today to become the largest fully integrated law firm in Asia Pacific and the world’s eighth largest law firm.
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Cravath – Crown Castle’s $2.4 Billion Acquisition of T-Mobile Towers
On September 28, 2012, Crown Castle International Corp. and T-Mobile USA, Inc., a subsidiary of Deutsche Telekom, AG, announced that they have entered into definitive agreements pursuant to which Crown Castle will acquire rights to approximately 7,200 T-Mobile towers for $2.4 billion in cash at closing, subject to certain adjustments. Cravath represented Crown Castle in connection with this transaction.
Tags: Cravath, Swaine & Moore LLP | New York
Paul Hastings Advised Deutsche Bank AG, London Branch on the Transfer of Its Servicer Platform
Paul Hastings LLP, a leading global law firm, announced today that it advised Deutsche Bank AG, London Branch in connection with the transfer of its €6 billion DECO servicing platform. This transaction involved the transfer of all Deutsche Bank AG’s Commercial Mortgage Back Securitisation (CMBS) loans as well as other non-securitised loans originated by the commercial real estate team and Deutsche Bank’s entire servicing team to Situs Asset Management.
Tags: Paul Hastings LLPPaul Hastings Represents Furniture Brands International in $250 Million Financing
Paul Hastings LLP, a leading global law firm, announced today that the firm advised Furniture Brands International (NYSE: FBN), a world leader in designing, manufacturing, sourcing and retailing home furnishings, in closing a $250 million new five year secured financing.
Tags: Paul Hastings LLP | New YorkPaul Hastings Represents Deutsche Bank AG in €887 Million CMBS for the Vitus Group
Paul Hastings LLP, a leading global law firm, announced today that the firm represented Deutsche Bank AG, London Branch as arranger and lead manager in connection with a €887 million European Commercial Mortgage Backed Securitisation (CMBS) for a German multi-family property portfolio owned by the Vitus Group.
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Baker Botts – Mediacom Communications Corporation Signs Distribution Agreement with TiVo Inc.
On September 25, Mediacom Communications Corporation entered into a distribution agreement with TiVo Inc. to provide TiVo’s next-generation whole home DVR solution to Mediacom subscribers.
Tags: Baker Botts LLP | Dallas
Morgan Lewis Boosts Frankfurt Corporate Team Through Hire of Marcus Herrmann
Morgan Lewis today announced that Dr. Marcus Herrmann—a high profile M&A and corporate lawyer—has joined the Frankfurt office as a partner. Marcus was most recently a partner at Latham & Watkins, where he was one of the founder partners of the Frankfurt bureau in 2002.
Tags: Morgan Lewis & Bockius LLP | Germany
Simpson Thacher Represents Initial Purchasers in U.S.$1 Billion Debt Offering by Grupo Aval Acciones y Valores S.A.
The Firm represented Goldman, Sachs & Co. and J.P. Morgan Securities LLC, as initial purchasers, in connection with an offering of U.S.$1 billion aggregate principal amount of 4.75% Senior Notes due 2022 issued Grupo Aval Limited (Cayman Islands) and guaranteed by Grupo Aval Acciones y Valores S.A. (Colombia). The offering was conducted in reliance upon Rule 144A and Regulation S under the U.S. Securities Act of 1933.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher Represents Initial Purchasers in $600 Million Senior Notes Offering by General Cable Corporation
The Firm recently represented the initial purchasers, led by J.P. Morgan, Deutsche Bank, Wells Fargo, Credit Agricole and Goldman Sachs, in connection with an offering by General Cable Corporation of $600 million aggregate principal amount of its 5.750% Senior Notes due 2022 pursuant to Rule 144A and Regulation S.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher Represents CNO Financial in Recapitalization
The Firm recently represented CNO Financial Group, Inc. (“CNO”) in connection with a recapitalization that included a private offering of $275 million aggregate principal amount of 6.375% senior secured notes due 2020 and entry into a new senior secured credit agreement consisting of a $250 million four-year term loan facility, a $425 million six-year loan facility and a $50 million three-year revolving credit facility. CNO used the net proceeds of the issuance of the new senior secured notes and borrowings under the new term loan facilities to repay all $224 million outstanding under its existing senior secured credit agreement, repurchase and fund the redemption of $275 million aggregate principal amount of 9.0% senior secured notes due 2018, and repurchase approximately $200 million aggregate principal amount of 7.0% convertible senior debentures due 2016 from entities affiliated with Paulson & Co. Inc.
Tags: Simpson Thacher & Bartlett LLP | New York