Simpson Thacher Represents Initial Purchasers in US $600 Million Securitized Fixed Rate Senior Secured Notes Offering by Subsidiaries of Iconix Brand Group, Inc.

The Firm represented the initial purchasers, led by Barclays Capital Inc., in connection with a US $600 million offering of 4.229% Fixed Rate Senior Secured Notes by subsidiaries of Iconix Brand Group, Inc. The offering was made to qualified institutional buyers in reliance on Rule 144A and outside the United States to non-U.S. persons in reliance on Regulation S under the Securities Act. The net proceeds from the offering were used to repay amounts outstanding under Iconix’s existing revolving credit facility and costs associated with the securitized financing transaction as well as to finance a portion of Iconix’s purchase of the Umbro brand and general corporate purposes.

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Tags:  Simpson Thacher & Bartlett LLP | New York

King & Spalding Advises Sprint on Acquisition of 100 Percent of Clearwire

King & Spalding advised Sprint Nextel in its definitive agreement with Clearwire Corporation in which Sprint will acquire the approximately 50 percent stake in Clearwire it does not currently own for $2.97 per share, equating to a total cash payment to Clearwire shareholders, other than Sprint, of $2.2 billion and an enterprise value for Clearwire of $10 billion. King & Spalding also advised Sprint in connection with voting and support agreements for the transaction that were obtained from Clearwire shareholders Comcast, Intel Capital and Bright House Networks.

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Tags:  King & Spalding LLP | New York

Simpson Thacher Represents Equatorial Energia in its R$1.3 Billion (US$622 Million) Follow-on Equity Offering

Simpson Thacher recently represented Equatorial Energia S.A. in connection with its R$1.3 billion (US$622 million) follow-on equity offering. The offering was registered in Brazil, with international placement efforts to qualified institutional buyers and other non-U.S. persons in reliance on Rule 144A and Regulation S under the Securities Act. A substantial portion of the net proceeds from the offering will be used for the financial restructuring of Equatorial’s recently acquired subsidiary, Centrais Elétricas do Pará – CELPA.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Shearman & Sterling Advises on Minera Frisco’s $1.1 Billion Acquisition of AuRicoGold

Shearman & Sterling advised Minera Frisco, S.A.B. de C.V. (“Minera Frisco”) in connection with a $1.1 billion financing related to its acquisition of AuRicoGold de México, S.A. de C.V. Minera Frisco is majority owned by Carlos Slim, the world’s richest person according to the Bloomberg Billionaires Index. Minera Frisco, which was spun off from Slim’s holding company Grupo Carso S.A.B. at the beginning of 2011, is his biggest holding behind wireless carrier America Movil S.A.B. and financial-services company Grupo Financiero Inbursa S.A.B.

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Tags:  Shearman & Sterling LLP | New York