Paul, Weiss clients PJ Solomon and Morgan Stanley acted as joint financial advisers to Office Depot in its agreement to merge with OfficeMax for $1.2 billion. Terms of the deal call for Boca Raton, Florida-based Office Depot to issue 2.69 shares for each share of OfficeMax, valuing the smaller company at $13.50 per share. Naperville, Illinois-based Officemax will have the ability to pay dividends of up to $131 million, or $1.50 per share, before closing.
Tags: Paul, Weiss, Rifkind, Wharton & Garrison LLP | New YorkPaul Hastings Represents BBVA Banco Continental in $300 Million Notes Offering
Paul Hastings, a leading global law firm, announced today that the firm represented Peru’s second largest commercial bank BBVA Banco Continental issue $300 million worth of bonds in the international markets.
Tags: Paul Hastings LLP | New YorkRK&O Represents Lead Investor in $200 Million Round of Equity Financing of Pinterest, Inc.
Bryan Cave Bolsters Private Client Practice in California and New York
Renee Gabbard has joined the international law firm Bryan Cave LLP as a partner in the firm’s Irvine office. She will practice with the firm’s Private Client Service Group.
Tags: Bryan Cave Leighton Paisner | New YorkDavis Polk Advises Crestview Partners on Its Acquisition of Victory Capital Management
Davis Polk is advising Crestview Partners on its $246 million acquisition of Victory Capital Management Inc. from KeyCorp. The transaction, which is subject to receipt of regulatory approvals and other customary closing conditions, is expected to close in the third quarter of 2013.
Tags: Davis Polk & Wardwell | New YorkSimpson Thacher Represents Best Buy in Announced Agreement by Citigroup to Purchase Best Buy Card Portfolio
The Firm is representing Best Buy Co., Inc. (NYSE: BBY) in connection with the announced agreement by Citigroup to purchase from Capital One Financial Corporation (NYSE: COF) and issue and manage for Best Buy the $7 billion portfolio of Best Buy-branded private label and co-branded credit cards in the United States. The transaction is subject to customary conditions.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher Represents JPMorgan, as Lead Arranger of the Exit Facilities for Beechcraft Holdings, LLC’s Emergence from Bankruptcy
Simpson Thacher represented JPMorgan Chase Bank, N.A. as administrative agent in connection with a $375 million senior secured term loan facility and a $225 million asset-based loan facility for Beechcraft Holdings, LLC in its emergence from Chapter 11 bankruptcy.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher Represents Office Depot in Announced Merger of Equals with OfficeMax
The Firm is representing Office Depot, Inc. (NYSE: ODP) in connection with its announced merger with OfficeMax Incorporated (NYSE: OMX). Under the terms of the merger agreement, the companies will be combined in an all-stock merger of equals transaction. The transaction is subject to stockholder approval from both companies, the receipt of regulatory approvals and other customary closing conditions, and is expected to close by the end of calendar year 2013.
Tags: Simpson Thacher & Bartlett LLP | New YorkMorgan Lewis Advises InterEnergy on $100M Equity Investment from IFC and the IFC ALAC Fund to Help Grow and Develop Cleaner Energy Sources in the Caribbean and Latin America
International Finance Corporation (IFC), a member of the World Bank Group, and the IFC African, Latin American and Caribbean Fund (IFC ALAC Fund), today announced a joint $100 million equity investment to help Cayman-based InterEnergy Holdings (IEH), owner and operator of power generation and distribution assets in Latin America and the Caribbean, to develop cleaner and more efficient energy sources in the Caribbean and expand operations in Latin America. IFC and the IFC ALAC Fund will each provide $50 million in equity to IEH.
Tags: Morgan Lewis & Bockius LLP | New YorkBryan Cave Welcomes New Real Estate Partner in New York
The international law firm Bryan Cave LLP announced today that Sonia Kaur Bain has joined the firm’s New York office as a partner. She will practice within the Real Estate Group.
Tags: Bryan Cave Leighton Paisner | New York