NII Holdings Completes $1.88 Billion Sale to AT&T

NII Holdings, Inc. announced it has completed the $1.88 billion sale of its Mexican operations to AT&T. Kramer Levin represents the Official Committee of Unsecured Creditors in NII’s ongoing bankruptcy case, one of the largest chapter 11 cases of 2014. This pivotal transaction, which is subject to customary post-closing adjustments, led to a revised plan support agreement with significantly increased plan value and distributions to all creditor classes and the support of more than 70 percent of the estate’s creditors. The chapter 11 plan, for which the Creditors’ Committee is a co-plan proponent, is scheduled for confirmation in June 2015 in the Southern District of New York.

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Charter Communications to Merge With Time Warner Cable

As widely reported in the Wall Street Journal, The New York Times and other media outlets, Paul, Weiss client Time Warner Cable and Charter Communications, Inc. announced that they have entered into a definitive agreement for Charter to merge with Time Warner Cable. The transaction, which values Time Warner Cable at $78.7 billion, will create a leading broadband services and technology company, which will result in greater product innovation, bringing new and advanced services to consumers and businesses. The merger agreement is subject to shareholder approval at both companies and regulatory review and other customary conditions and is expected to close by the end of 2015.

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Shearman & Sterling Advises on McGraw Hill Financial, Inc.’s $700 Million Senior Notes Offering

Shearman & Sterling represented Goldman, Sachs & Co., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Mizuho Securities USA Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Morgan Stanley & Co. LLC as joint bookrunning managers in connection with McGraw Hill Financial, Inc.’s investment-grade Rule 144A/Regulation S offering of $700 million aggregate principal amount of 4.000% Senior Notes due 2025, guaranteed by Standard & Poor’s Financial Services LLC.

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HCA Completes $1.6 Billion High Yield Debt Offering

Simpson Thacher recently represented HCA Inc. in its high yield offering of $1.6 billion aggregate principal amount of 5.375% Senior Notes due 2025. The notes represent a further issuance of HCA’s 5.375% Senior Notes due 2025 that were issued on January 16, 2015. HCA intends to use the net proceeds for the redemption of certain of HCA Holdings, Inc.’s existing senior notes and for general corporate purposes.

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Global Transactional Attorney Joins BakerHostetler

International and domestic transactional attorney, Partner Rajiv Khanna has joined BakerHostetler’s Business Group in the firm’s New York office. Khanna comes to BakerHostetler from Seyfarth Shaw LLP.

Khanna brings more than 35 years of experience, including four years practicing in New Delhi, India, counseling publicly and privately held clients on domestic, cross-border, and multijurisdictional M&A transactions; securities offerings; corporate and project finance; and real estate transactions. His business background allows him to advise clients in a business friendly manner in technology, pharmaceutical, financial services, energy, consumer products and other industries through mergers and acquisitions, initial and follow-on public offerings, and other transactions. Khanna most recently counseled a Fortune 500 company on its mergers and acquisitions. His fluency in Hindi, Urdu, and Punjabi allows him to serve multinational clients with interests in South Asia. He is recognized as a New York Super Lawyer (2006-2008) and is listed in Jewels of India.

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Columbia Pipeline Group, Inc.’s Inaugural Private Offering of $2.75 Billion of Senior Notes

Hunton & Williams LLP advised J.P. Morgan Securities LLC, Mitsubishi UFJ Securities (USA), Inc. and Scotia Capital (USA) Inc., as joint book-running managers, in connection with Columbia Pipeline Group, Inc.’s (“CPG”) inaugural issuance of $2.75 billion in aggregate principal amount of its senior unsecured notes (the “notes”) in a private placement under Rule 144A and Regulation S of the Securities Act of 1933, as amended, to eligible purchasers. The notes will initially be fully and unconditionally guaranteed on a senior unsecured basis by certain of CPG’s subsidiaries. A portion of the net proceeds from the private offering will be used to fund a special dividend to NiSource Inc., CPG’s parent company, in connection with their planned separation, which is expected to take place in mid-2015. Upon the completion of the planned separation, CPG will become a stand-alone publicly traded company, focusing on natural gas pipeline and related businesses.

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Stroock Continues National Expansion with Addition of Eight Real Estate Attorneys in Washington, DC and New York

Stroock & Stroock & Lavan LLP is pleased to announce the addition of eight attorneys, including three partners, from DLA Piper to the Firm’s national Real Estate Practice Group. Joining the Firm’s Washington, DC office are partner Jeffrey R. Keitelman, who will serve as a member of the Firm’s Executive Committee, co-chair of the Real Estate Practice Group and co-managing partner of the Washington, DC office, and partner Kim Pagotto. Joining the Firm’s New York office is partner Marc Hurel. In addition, of counsels Richard Cohn, Jonathan A. Cohen and Joseph F. Miller; special counsel Hala M. Sibay; and associate Kelly Booker will also join the Firm.

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Cravath – Qualcomm’s $10 Billion Debut Registered Debt Offering

Cravath represented Qualcomm Incorporated in connection with its US$10 billion debut registered debt offering. Qualcomm develops and commercializes digital communication technologies called Code Division Multiple Access (CDMA), Orthogonal Frequency Division Multiple Access (OFDMA) and several other key technologies used in handsets and tablets that contribute to end‑user demand. The transaction closed on May 20, 2015

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Simpson Thacher Represents the Underwriters in Inaugural $10 Billion Debt Offering by Qualcomm

The Firm represented the underwriters led by Merrill Lynch, Pierce, Fenner & Smith Incorporated, Goldman, Sachs & Co. and J.P. Morgan Securities LLC in the public offering of $10 billion aggregate principal amount of debt securities of QUALCOMM Incorporated, a Delaware corporation (“Qualcomm”), consisting of $250 million aggregate principal amount of Floating Rate Notes due 2018, $250 million aggregate principal amount of Floating Rate Notes due 2020, $1.25 billion aggregate principal amount of 1.4% Notes due 2018, $1.75 billion aggregate principal amount of 2.25% Notes due 2020, $2 billion aggregate principal amount of 3% Notes due 2022, $2 billion aggregate principal amount of 3.45% Notes due 2025, $1 billion aggregate principal amount of 4.65% Notes due 2035 and $1.5 billion aggregate principal amount of 4.8% Notes due 2045. The offering closed on May 20, 2015.

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Craig A. Newman Joins Patterson Belknap as Partner

Patterson Belknap Webb & Tyler LLP is pleased to announce that Craig A. Newman, a prominent litigator who has represented a number of the world’s top investment firms and financial services companies, has joined the firm as a partner in its Litigation Department. He will continue to advise global companies, investment firms and their boards in complex business, governance and litigation matters. A nationally-recognized authority on cybersecurity, he will also lead Patterson Belknap’s Privacy and Data Security Practice Group, and be a member of its Structured Finance Litigation Practice Group, which handles significant disputes among financial and investment entities including major banks.

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