Simpson Thacher Represents Underwriters in Follow on Offerings of Common Stock of Solar Capital Ltd. and Solar Senior Capital Ltd.

The Firm recently represented the underwriters, led by Citigroup Global Markets Inc., in connection with registered public offerings of 6,000,000 shares of common stock of Solar Capital Ltd. (NASDAQ: SLRC) and 2,000,000 shares of common stock of Solar Senior Capital Ltd. (NASDAQ:SUNS). The gross proceeds from the offering to SLRC were $140,910,000 and to SUNS were $37,200,000.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Simpson Thacher Represents TPC Group Inc. in Senior Secured Notes Offering

Simpson Thacher represented TPC Group Inc. (“TPC”) in connection with its Rule 144A and Regulation S offering of $100 million aggregate principal amount of additional 8.75% Senior Secured Notes due 2020. The deal closed on January 22, 2013. TPC used the net proceeds from this offering for general corporate purposes, including for certain strategic capital projects.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Cravath – Saint-Gobain’s Sale of Its Verallia North America Business to the Ardagh Group

On January 17, 2013, Compagnie de Saint‑Gobain announced that it has agreed to sell its Verallia North America business to the Ardagh Group for an enterprise value of approximately US$1.7 billion. Verallia North America is the second largest glass container manufacturer in the United States. The transaction is subject to regulatory approval. Cravath acted as U.S. counsel to Saint‑Gobain in connection with this transaction.

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Tags:  Cravath, Swaine & Moore LLP | New York

Simpson Thacher Represents MerchCap Solutions in Connection with a Commitment by CPPIB Credit Investments Inc. to MerchCap Solutions

Simpson Thacher advised MerchCap Solutions LLC (“MCS”) in connection with a commitment by CPPIB Credit Investments Inc. (“CPP Credit”), a wholly-owned subsidiary of Canada Pension Plan Investment Board (“CPPIB”), of $50 million of equity to MCS to support its business.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Goodwin Procter Expands Financial Institutions Group with Addition of Brynn Peltz in New York

Goodwin Procter, a national Am Law 50 firm, announced today that Brynn D. Peltz has joined the firm’s Financial Institutions Group in New York as a partner in its Transactions and Investment Management & Regulation Practices, as well as the firm’s Private Investment Funds Practice. Peltz joins Goodwin from Latham & Watkins where she was a partner in its financial regulatory and investment funds practices. Previously, she was a partner at Clifford Chance.

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Tags:  Goodwin Procter, LLP | New York