Shearman & Sterling advised Morgan Stanley Senior Funding, Inc., Credit Suisse Securities (USA) LLC and Jefferies Finance LLC as joint lead arrangers and joint book managers in connection with a $715 million senior secured bank financing, consisting of $640 million term loans and a $75 million revolving credit facility. The firm also advised Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC and Jefferies & Company, Inc. as joint-lead and bookrunning managers in connection with a concurrent issuance and private placement of $300 million aggregate principal amount of 8.75% senior secured notes due 2019, in each case for FairPoint Communications, Inc.

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Paul Hastings, a leading global law firm, announced today that the firm obtained affirmance of the complete victory that it had obtained at trial in a trademark infringement action for leading cosmetics and personal care products manufacturer, L’Oreal. Paul Hastings represented L’Oreal, Ralph Lauren’s exclusive licensee in the fragrance category, in a dispute involving the use by the U. S. Polo Association of a logo similar to Ralph Lauren’s famous Polo Player Logo. After USPA appealed the broad injunction entered by the district court, the Second Circuit affirmed on all grounds, including the district court’s finding of bad faith infringement.

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Paul Hastings, a leading global law firm, announced today that the firm advised The Davis Companies, a Boston-based commercial real estate firm, in the formation of Davis Investment Ventures II, which raised $413.5 million of capital from its investors, exceeding its original target of $350 million.

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Davis Polk is advising Artio Global Investors Inc.’s Strategic Review Committee of independent directors in connection with Artio Global’s acquisition by Aberdeen Asset Management PLC for $2.75 in cash per share. The transaction, which is expected to close by the end of the second quarter or early in the third quarter of 2013, is subject to customary closing conditions, including U.S. antitrust approval, approval of a majority of Artio Global shareholders and approval of certain Artio Global mutual fund boards and shareholders.

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Davis Polk is advising Bank of America Merrill Lynch, as lead arranger and lead bookrunner of a $1.3 billion senior unsecured bridge facility for Cardinal Health, Inc. in connection with its proposed acquisition of AssuraMed, Inc.

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Davis Polk advised Delphi Corporation in connection with an SEC-registered offering of $800 million aggregate principal amount of its 5% senior notes due 2023. The notes are guaranteed by Delphi Automotive PLC, the parent company of Delphi Corporation, and certain of its subsidiaries. J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner and Smith Incorporated, Deutsche Bank Securities Inc., Barclays Capital Inc., Citigroup Global Markets Inc. and Goldman, Sachs & Co. acted as joint book-running managers for the offering. Delphi intends to use the net proceeds from the offering to repay a portion of the term loan indebtedness outstanding under its revolving credit facility, and for general corporate purposes.

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The Firm recently represented Team Health Holdings, Inc. (“TeamHealth”), Ensemble Parent LLC (an affiliate of The Blackstone Group), and certain management shareholders in the sale by the selling shareholders of 9,633,107 shares of TeamHealth common stock, resulting in gross proceeds of $319,915,483. Ensemble Parent LLC sold 9,588,990 shares, representing the remainder of its ownership of TeamHealth’s stock. Barclays and Citigroup acted as joint bookrunners for the offering.

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The Firm represented the underwriters, led by Morgan Stanley & Co. LLC, Goldman, Sachs & Co. and UBS Securities LLC, as joint book-running managers, in connection with a public offering of 6,000,000 shares of 5.375% Non-Cumulative Perpetual Preferred Stock, Series A, $0.01 par value per share, with a liquidation preference of $25 per share, of Cullen/Frost Bankers, Inc. The offering closed on February 15, 2013.

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The Firm represents affiliates of Blackstone Real Estate Partners in the formation of Invitation Homes, L.P., a national platform to purchase distressed single family homes and then refurbish, lease and maintain them in neighborhoods across the country. According to press reports, Invitation Homes has spent more than $2.5 billion on 16,000 homes to manage as rentals, making Invitation Homes the largest owner of single-family homes in the country. In connection with the formation of Invitation Homes, the Firm represented affiliates of Invitation Homes in a $600 million revolving credit facility with Deutsche Bank as administrative agent.

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Weil advised AMR, the parent company of American Airlines, in connection with its proposed approximately $11 billion merger with US Airways Group—a merger that would create the world’s largest airline, offering 6,700 daily flights to 336 destinations in 56 countries. The transaction has been approved by the boards of directors of both companies and is expected to close in the third quarter of 2013.

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