Simpson Thacher Represents the Dealers in Connection with the Update of Sumitomo Mitsui Banking Corporation’s $50 Billion Medium Term Notes Program and Senior Notes Offering Thereunder

Simpson Thacher recently represented the dealers in connection with Sumitomo Mitsui Banking Corporation’s (“SMBC”) update of its US$50 billion Global Medium Term Notes Program (the “Program”) and the offering of US$2.25 billion of senior notes thereunder. The senior notes were guaranteed by SMBC’s New York branch and offered and sold in reliance on the exemption from SEC registration provided in Section 3(a)(2) of the Securities Act. SMBC Nikko Capital Markets Limited, Barclays Bank PLC, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Merrill Lynch International and SMBC Nikko Securities America, Inc. are dealers under the Program. Goldman, Sachs & Co., SMBC Nikko Securities America, Inc., Citigroup Global Markets Inc., Barclays Capital Inc. and J.P. Morgan Securities LLC acted as the representatives for the offering of the senior notes.

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HCA Completes $1 Billion High Yield Debt Offering

Simpson Thacher recently represented HCA Inc. in its high yield offering of $1 billion aggregate principal amount of 5.375% Senior Notes due 2025. HCA intends to use the net proceeds for the repayment of its existing senior notes and for general corporate purposes.

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Simpson Thacher Represents Underwriters in $600 Million Senior Notes Offering by Air Lease Corporation

Simpson Thacher represented the underwriters, led by BNP Paribas, Citigroup, Deutsche Bank Securities and J.P. Morgan in connection with the public offering by Air Lease Corporation of $600 million aggregate principal amount of 3.750% Senior Notes due 2022. The net proceeds of the offering will be used for general corporate purposes including the purchase of commercial aircraft and the repayment of existing indebtedness.

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Open Text Corporation $800 Million Notes Offering

Davis Polk advised Barclays Capital Inc. as representative of the several initial purchasers in connection with a Rule 144A/Regulation S offering of $800 million aggregate principal amount by Open Text Corporation (“OpenText”) of its 5.625% senior notes due 2023. The notes are guaranteed by certain subsidiaries of OpenText. Barclays Capital Inc., Morgan Stanley & Co. LLC, RBC Capital Markets, LLC and Citigroup Global Markets acted as joint bookrunners in the offering. The offering was OpenText’s debut offering in the capital markets.

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Roark Capital Closes Fund IV at $2.5 Billion

Paul, Weiss client Roark Capital Group, an Atlanta-based private equity firm, announced the closing of Roark Capital Partners IV LP, with $2.5 billion in total investor limited partner commitments. Fund IV closed at its hard cap.

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Simpson Thacher Represents the Underwriters in $1 Billion Debt Offering by Berkshire Hathaway Finance Corporation

The Firm represented BofA Merrill Lynch, Goldman, Sachs & Co. and Wells Fargo Securities in the public offering of $1 billion aggregate principal amount of debt securities of Berkshire Hathaway Finance Corporation (“BHFC”), guaranteed by Berkshire Hathaway Inc. (“Berkshire”), consisting of $400 million aggregate principal amount of Floating Rate Senior Notes due 2017 and $600 million aggregate principal amount of Floating Rate Senior Notes due 2018. The offering closed on January 15, 2015.

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