Simpson Thacher Represents Initial Purchasers in Sale of $1.05 Billion Senior Notes by Laureate Education, Inc. and Related Tender Offer

Simpson Thacher represented the initial purchasers, led by J.P. Morgan Securities LLC, Barclays Capital Inc. and Citigroup Global Markets Inc. in the recent sale of an aggregate principal amount of $1.05 billion additional 9.250% Senior Notes due 2019 of Laureate Education, Inc. pursuant to Rule 144A and Regulation S. The firm also represented J.P. Morgan Securities LLC as dealer manager in connection with Laureate’s tender offers to purchase its existing 10.25%/11% Senior Toggle Notes due 2015 and 10% Senior Notes due 2015. Laureate will use the net proceeds from the note offering to fund the tender offers and for other repayments of outstanding indebtedness.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Schulte Roth & Zabel Announces Expansion of Regulatory & Compliance Practice with Addition of Brian Daly

Schulte Roth & Zabel is pleased to announce that Brian T. Daly has joined the firm as a partner in its Investment Management and Regulatory & Compliance groups. Resident in the firm’s New York office, Mr. Daly concentrates on advising hedge and private equity fund managers on regulatory, compliance and operational matters, including registration and disclosure obligations, trading issues, advertising and marketing, and the establishment of compliance programs.

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Tags:  Schulte Roth & Zabel LLP | New York

Davis Polk – McJunkin Red Man Corporation $650 Million Term Loan Credit Facility

Davis Polk advised Goldman Sachs Lending Partners LLC as lead arranger and Bank of America, N.A. as administrative agent in connection with the redemption of McJunkin Red Man Corporation’s (MRMC) 9.5% senior secured notes due 2016 (the “Notes”) with a new $650 million senior secured term loan credit facility. The new credit facility is secured by a security interest in substantially all the assets of MRMC, MRC Global, Inc. (MRC Global), the parent of MRMC, and MRC Global’s material domestic subsidiaries on a first-lien or, in the case of certain assets also securing MRC Global’s asset-based revolving facility, a second-lien basis. The Notes will be redeemed with the proceeds of term loans under the new facility and drawings under MRMC’s revolving facility. U.S. Bank National Association is acting as collateral trustee under the new term loan facility.

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Tags:  Davis Polk & Wardwell | New York

Shearman & Sterling Represents Underwriters on Bank of Montreal’s $2 Billion Medium-Term Notes Offering

Shearman & Sterling represented BMO Capital Markets Corp., Morgan Stanley & Co. LLC, Barclays Capital Inc., Goldman, Sachs & Co. and J.P. Morgan Securities LLC as lead underwriters in connection with Bank of Montreal’s registered public offering of $1.0 billion aggregate principal amount of 0.80% Senior Notes due 2015 and $1.0 billion aggregate principal amount of 2.55% Senior Notes due 2022 under its US medium-term note program.

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Tags:  Shearman & Sterling LLP | New York