Simpson Thacher Represents Sealed Air Corporation in $425 Million Senior Notes Offering

The Firm recently represented Sealed Air Corporation (“Sealed Air”) in its offering of $425 million aggregate principal amount of 6.50% Senior Notes due 2020. Sealed Air is using the net proceeds from the offering, along with cash on hand, to repurchase and redeem all of its outstanding 5.625% Senior Notes due 2013. The notes are guaranteed by certain of Sealed Air’s wholly-owned domestic subsidiaries. The offering was conducted in reliance on Rule 144A and Regulation S.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Chadbourne Represents Southern Cross in Investment Agreement with Ultrapetrol (Bahamas) Ltd.

Chadbourne & Parke LLP represented Southern Cross Latin America Private Equity Funds III and IV (collectively “Southern Cross”) and certain of their affiliates, in connection with their proposed investment of $220 million in Ultrapetrol (Bahamas) Limited (“Ultrapetrol”) (NASDAQ: ULTR), an industrial transportation company serving marine transportation needs in three markets (River Business, Offshore Supply Business and Ocean Business).

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Tags:  New York

Milbank Represents Lenders in $189 M Refinancing of Hardee Power Project

International law firm Milbank, Tweed, Hadley & McCloy LLP, led by Project Finance partners Daniel J. Michalchuk,William B. Bice and Daniel Bartfeld, represented the lenders, Mizuho Corporate Bank Ltd. and Sumitomo Mitsui Trust Bank, Ltd., in the $189 million refinancing of the Hardee Power Plant (“Hardee”) project in Bowling Green, Florida. Located approximately 60 miles southeast of Tampa, the Hardee facility, is a 370-MW natural gas-fired electric generation facility including both combined cycle and peaking capabilities. The facility is jointly owned by affiliates of Marubeni Power International, Inc. and Invenergy LLC.

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Tags:  Milbank LLP | New York

Cahill – Thompson Creek Metals Company Completes $350 Million Notes Offering

Cahill represented Deutsche Bank Securities as sole book running manager and the co-managers in connection with the public offering of $350,000,000 aggregate principal amount of 9.75% Senior Secured First Priority Notes due 2017 by Thompson Creek Metals Company Inc. Proceeds from the offering will be used to refinance existing indebtedness and for general corporate purposes.

Related Attorneys and Professionals: William M. Hartnett, Michael J. Ohler, John A. Tripodoro, Kelly E. Gelfand, Brian Haroldson, Michael Rozensher, Adam D. Summers, Eric Weinstein

Related Practice: Corporate

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Tags:  Cahill Gordon & Reindel LLP | New York

Simpson Thacher Represents Deluxe Corporation in $200 Million Senior Notes Offering and Related Tender Offer and Consent Solicitation

Simpson Thacher represented the initial purchasers, led by J.P. Morgan Securities LLC, in connection with Deluxe Corporation’s (“Deluxe”) offering of $200.0 million aggregate principal amount of 6.000% Senior Notes due 2020 pursuant to Rule 144A and Regulation S. The proceeds from the notes offering were used to fund a cash tender offer for any or all of Deluxe’s outstanding $200.0 million 7.375% Senior Notes due 2015. Simpson Thacher also represented J.P. Morgan Securities LLC and Credit Suisse Securities (USA) LLC in their capacity as dealer managers in the concurrent tender offer.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Davis Polk Advises Ingram Micro on Its Revolving Credit Facility

Davis Polk advised Ingram Micro Inc. in connection with a designation of additional commitments under its revolving senior unsecured credit facility in an aggregate principal amount of $190 million, increasing total commitments under the facility to $940 million. The Bank of Nova Scotia served as administrative agent. U.S. Bank National Association, PNC Bank National Association, Sumitomo Mitsui Banking Corporation and Morgan Stanley Bank are providing the additional commitments. Ingram Micro will use the proceeds for general corporate purposes.

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Tags:  Davis Polk & Wardwell | New York

Davis Polk Advises ConAgra Foods on Its Acquisition of Ralcorp

Davis Polk is advising ConAgra Foods, Inc. on its acquisition of Ralcorp Holdings, Inc., valued at approximately $6.8 billion, including the assumption of Ralcorp debt. The agreement has been approved by the boards of directors of both companies and is subject to customary regulatory approvals. The transaction is expected to close by March 31, 2013.

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Tags:  Davis Polk & Wardwell | New York