Shearman & Sterling Advises on Royal Caribbean Cruises Ltd.’s Senior Notes Offering

Shearman & Sterling represented the underwriters, led by Citigroup Global Markets Inc. and J.P. Morgan Securities LLC as Global Coordinators and Joint Physical Book-Running Managers, and Goldman, Sachs & Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC and RBS Securities Inc. as Joint Book-Running Managers, in connection with Royal Caribbean Cruises Ltd.’s public offering of $650 million of its 5.250% Senior Notes due 2022.

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Shearman & Sterling Advises on $540 million Credit Facilities for Refinancing and One-Time Dividend for SumTotal Systems

Shearman & Sterling advised the joint lead arrangers and joint bookrunners in connection with a refinancing and one-time dividend for SumTotal Systems Inc., a portfolio company of private equity sponsor Vista Equity Partners, comprised of a $370 million first lien term loan, a $30 million revolving credit facility and a $140 million second lien term loan.

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Tags:  Shearman & Sterling LLP | New York

Simpson Thacher Represented Initial Purchasers in Sale of $500 Million Senior Notes by New Gold Inc.

Simpson Thacher represented the initial purchasers, led by J.P. Morgan Securities LLC, in the sale of an aggregate principal amount of $500 million 6.25% Senior Notes due 2022 of New Gold Inc., a British Columbia corporation (“New Gold”). The offering was conducted as a private offering in reliance upon Rule 144A and Regulation S. The notes are guaranteed by certain of New Gold’s direct and indirect subsidiaries. The transaction closed on November 14, 2012. The Firm also worked on an offering by New Gold of $300 million of 7.00% Senior Notes due 2020 earlier this year.

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Former DOJ Antitrust Chief Joe Wayland Returns to Simpson Thacher

Simpson Thacher & Bartlett LLP announced today that Joe Wayland has returned to the Firm as a Partner in the Litigation Practice. Mr. Wayland most recently served as the Acting Assistant Attorney General of the U.S. Department of Justice’s Antitrust Division, where he oversaw all of the Division’s criminal and civil matters and led the Division in achieving several major litigation victories.

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Paul, Weiss – Reckitt Benckiser Announces Acquisition of Schiff Nutrition for $1.4 Billion

As reported in BusinessweekFinancial TimesThe New York Times “Dealbook” and Reuters, Paul, Weiss client Reckitt Benckiser Group PLC (Reckitt Benckiser) announced that it will commence a tender offer on November 16 to acquire all of the outstanding shares of Schiff Nutrition International, Inc. (Schiff), a leading provider of branded vitamins, nutrition supplements and nutrition bars, for $42.00 per share in cash for the value of $1.4 billion. Reckitt Benckiser’s offer is not dependent on financing as the purchase will be funded from existing facilities.

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Tags:  Paul, Weiss, Rifkind, Wharton & Garrison LLP | New York

Davis Polk – MRC Global Inc. $506 Million Secondary Offering

Davis Polk advised Goldman, Sachs & Co. and Barclays Capital Inc., as representatives of the underwriters, in connection with the SEC-registered offering of 23 million shares of common stock of MRC Global Inc. sold by PVF Holdings LLC, an entity controlled by funds affiliated with Goldman, Sachs & Co. The shares of common stock sold in the offering include shares sold pursuant to the underwriters’ fully exercised option to purchase additional shares. The common stock is listed on the New York Stock Exchange under the symbol “MRC.” Funds affiliated with Goldman, Sachs & Co. controlled approximately 77% of MRC prior to the offering and control approximately 55% of MRC after the offering.

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Tags:  Davis Polk & Wardwell | New York

White & Case Acts for Qatar Holding on Strategic Investments

Global law firm White & Case LLP has acted for Qatar Holding LLC (“QH”), the direct and strategic investment arm of the Qatar Investment Authority, on two recent transactions including QH’s acquisition of a stake in media investment company The Chernin Group (“TGC”) and the establishment of an asset management joint venture between QH and Credit Suisse.

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