Cravath represented the initial purchasers, led by BofA Merrill Lynch and J.P. Morgan Securities, in connection with the US$6.5 billion senior notes offering of Freeport‑McMoRan Copper & Gold Inc., a leading international mining company. The proceeds of the offering will be used to fund the Plains Exploration & Production Company and McMoRan Exploration Company acquisitions. The transaction closed on March 7, 2013.

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Linklaters has advised on the latest major developments in the large scale and long running insolvency of Lehman Brothers.

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Shearman & Sterling advised Deere & Company, John Deere Capital Corporation and John Deere Bank S.A. as borrowers under a $1 billion 364-day facility and a $2.5 billion five-year credit facility agented by JPMorgan Chase Bank, N.A.

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Shearman & Sterling advised BMO Capital Markets and CIBC, as co-lead underwriters, in connection with the initial public offering of Milestone Apartments Real Estate Investment Trust. The IPO raised gross proceeds of $200 million.

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The Firm recently represented TRW Automotive Holdings Corp. (“TRW”) and its subsidiary TRW Automotive Inc. (“TAI”) in connection with a Rule 144A/Regulation S offering by TAI of $400.0 million aggregate principal amount of 4.50% senior notes due 2021. TAI intends to use the net proceeds of the offering for general corporate purposes.

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Simpson Thacher represented J.P. Morgan Securities LLC, as lead arranger, and JPMorgan Chase Bank, N.A., as administrative agent, in connection with the refinancing of Realogy Group LLC’s senior secured credit facilities. Realogy Group LLC’s amended and restated credit facilities are comprised of $1.920 billion aggregate principal amount of term loans and a $475 million revolving credit facility.

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Cooley LLP announced today that Michael R. Faber has joined the firm as a partner in its tax practice. Faber, who will be based in Cooley’s New York office, joins Cooley from Wilson Sonsini Goodrich & Rosati, where he focused his practice on mergers and acquisitions, as well as general corporate and partnership tax matters.

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Paul Hastings LLP, a leading global law firm, announced today that the firm represented UBS Securities LLC, Wells Fargo Securities, LLC and General Electric Capital Corporation, as lead arrangers, and UBS AG, Stamford Branch, as administrative agent, in connection with the amendment of the existing amended and restated first lien credit agreement and the second lien credit agreement for Pharmaceutical Research Associates, Inc., to, among other things, permit the incurrence of first lien incremental term loans and second lien incremental term loans for the purposes of, among other things, the payment of a shareholder dividend and the acquisition of ClinStar, LLC.

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Davis Polk advised Digicel Limited (Digicel) in connection with the offering by Digicel of an aggregate of $1 billion of Digicel’s 6% senior notes due 2021 and a concurrent cash tender offer by Digicel for any and all of its 12% senior notes due 2014. The notes were sold pursuant to Rule 144A and Regulation S under the Securities Act of 1933. The tender offer consideration was funded from the net proceeds of the offering.

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Davis Polk advised Goldman Sachs & Co., Barclays Capital Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated as dealer managers in connection with a Rule 144A/Regulation S exchange offer by Education Management LLC and Education Management Finance Corp. Upon settlement of the exchange offer, Education Management LLC and Education Management Finance Corp. issued approximately $200.8 million aggregate principal amount of senior cash pay/PIK notes due 2018 which, together with approximately $168.7 million in cash consideration, were exchanged for certain of their outstanding 8.75% senior notes due 2014. The notes issued in the exchange offer are guaranteed by Education Management Corporation, the parent company of the issuers, and all of Education Management Corporation’s existing direct and indirect domestic restricted subsidiaries, other than any subsidiary that directly owns or operates a school or has been formed for such purpose and has no material assets.

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