Davis Polk advised Morgan Stanley & Co. LLC, Goldman, Sachs & Co. and Citigroup Global Markets Inc. as joint book-running managers in connection with the $300 million initial public offering of 7,130,000 shares of common stock of Palo Alto Networks, Inc. (including 930,000 shares subject to the underwriters’ over-allotment option) at $42.00 per share. Of these, Palo Alto Networks sold 5,617,259 shares and stockholders sold 1,512,741 shares. The common stock is listed on the New York Stock Exchange under the symbol “PANW.”
Tags: Davis Polk & Wardwell | New YorkDavis Polk – Taesa Equity Offering
Davis Polk advised Merrill Lynch, Pierce, Fenner & Smith Incorporated, BTG Pactual US Capital LLC, Goldman, Sachs & Co., Santander Investment Securities Inc. and Banco do Brasil Securities LLC as joint bookrunners on the Rule 144A/Regulation S primary offering of units of Transmissora Aliança de Energia Elétrica S.A. (“Taesa”) The company sold an aggregate of 24,000,000 units, which consisted of common and preferred shares, for a total of approximately R$1.6 billion (approximately US$800 million).
Tags: Davis Polk & Wardwell | Sao PauloMilbank Represents Underwriters in Chile’s Largest IPO
In its second major IPO on behalf of a Chilean company in the past month, Milbank, Tweed, Hadley & McCloy has represented underwriters who led the initial public offering of Chilean construction and investment firm Inversiones La Construccion SA. The deal, which raised $466 million on the Santiago Stock Exchange when it debuted July 20, constitutes the largest IPO ever in Chile.
Tags: Milbank LLP | New YorkWFW Asia Practice Acts for Brunei Gas Carriers Sdn Bhd on a US$170m Secured Islamic Finance Facility for Newbuild LNG Vessel Acquisition
The Singapore office of Watson, Farley & Williams LLP (“WFW”) is pleased to announce that it has advised Brunei Gas Carriers Sdn Bhd (“BGC”) on the raising of US$170 million to fund the acquisition of one 155,000m3 newbuild LNG vessel. The vessel will be chartered under a long term charter to Brunei LNG Sdn Bhd. WFW also advised BGC on the shipbuilding contract, shipping services agreements and charter documents for the newbuild LNG vessel.
Tags: Watson, Farley & Williams LLP | SingaporeCahill – Ardagh Packaging Completes Multicurrency Notes Offering
Cahill represented Citigroup Global Markets as sole book-running manager and J&E Davy as co-manager in connection with the multicurrency notes offering, comprised of €260,000,000 7.375% First Priority Senior Secured Notes due 2017; $350,000,000 7.375% First Priority Senior Secured Notes due 2017; and $210,000,000 9.125% Senior Notes due 2020 by Ardagh Packaging Finance plc and Ardagh MP Holdings USA Inc.
Tags: Cahill Gordon & Reindel LLP | New YorkNorton Rose Grows Disputes Team with Corporate and White Collar Crime Hire
International legal practice Norton Rose LLP has appointed Neil O’May to provide criminal law and regulatory expertise as a partner in its London litigation and dispute resolution practice. Neil is a partner and head of the criminal law practice at Bindmans LLP.
Tags: Norton Rose FulbrightSimpson Thacher Represents the Initial Purchasers in $350 Million Senior Notes Offering by Laureate Education, Inc.
The Firm recently represented the initial purchasers, led by Citigroup Global Markets Inc. and J.P. Morgan Securities LLC, in connection with a Rule 144A/Regulation S offering by Laureate Education, Inc. (“Laureate”) of $350 million aggregate principal amount of 9.250% senior notes due 2019. The offering closed on July 25, 2012.
Tags: Simpson Thacher & Bartlett LLP | New YorkTravers Smith Acts on US$104m Placing and Open Offer by Raven Russia
Travers Smith corporate partner Richard Spedding is leading a team advising Singer Capital Markets as sponsor, joint financial adviser and broker in connection with a proposed US$215m acquisition by Raven Russia Limited, and a US$104m placing and open offer of preference shares to part-finance the acquisition. Raven Russia, listed on the main market of the London Stock Exchange, is acquiring Toros, the owner of Pushkino Logistics Park – a class A logistics complex north-east of Moscow.
Tags: Travers SmithWragge & Co Helps Contour Win Latest Battle in Long-running Dispute with Virgin Atlantic
Wragge & Co’s Intellectual Property team has secured victory for two clients, Contour Aerospace Limited and Delta Air lines, Inc in a complex and long-running battle with Virgin Atlantic Airways Limited.
Tags: Gowling WLGFreshfields Appoints New China Head of Energy and Natural Resources
International law firm Freshfields Bruckhaus Deringer today appointed Gang Yuan (袁钢) as Head of Energy and Natural Resources in China.
Tags: Freshfields Bruckhaus Deringer LLP | Beijing