Cahill – Biomet Completes $1.625 Billion Notes Offering

Cahill represented the initial purchasers in connection with the Rule 144A/Reg S offering of $1,625,000,000 of notes, comprised of $825,000,000 aggregate principal amount of 6.5% Senior Notes due 2020 and $800,000,000 aggregate principal amount of 6.5% Senior Subordinated Notes due 2020 by Biomet, Inc. Proceeds from the offering will be used to refinance existing indebtedness.

More >>

Tags:  Cahill Gordon & Reindel LLP | New York

Cahill – Cannery Casino Resorts Completes $590 Million Credit Facility

Cahill represented Deutsche Bank Trust Company Americas as administrative agent and the lead arrangers in connection with the $590,000,000 credit facility, comprised of a $385,000,000 Term B Loan, a $165,000,000 Second Lien Loan, and a $40,000,000 Revolving credit facility for Cannery Casino Resorts, LLC and Washington Trotting Association. Proceeds from the facility will be used to refinance existing indebtedness.

More >>

Tags:  Cahill Gordon & Reindel LLP | New York

Shearman & Sterling Represents American Axle Manufacturing in $550 Million Notes Offering and Concurrent Debt Tender Offer and Consent Solicitation

Shearman & Sterling represented American Axle Manufacturing, Inc. (AAM), along with its parent and subsidiary guarantors, in connection with its shelf takedown of $550 million aggregate principal amount of 6.625% Senior Notes due 2022 and in connection with its concurrent tender offer and consent solicitation for all of the outstanding $250 million aggregate principal amount of its 5.25% Senior Notes due 2014.

More >>

Tags:  Shearman & Sterling LLP | New York

Paul Hastings Advises BAML in Financing for Midstates Petroleum Company, Inc.’s Acquisition of Mississippian Lime Oil Properties

Paul Hastings LLP, a leading global law firm, announced today that the firm represented Bank of America Merrill Lynch as joint lead arranger and joint bookrunner, in connection with the $600 million in financing for independent exploration and producer, Midstates Petroleum Company, Inc.’s (NYSE: MPO) acquisition of Mississippian Lime oil properties in Oklahoma and Kansas from Eagle Energy Production, LLC, an independent energy business engaged in exploration, development, and production of oil and natural gas.

More >>

Tags:  Paul Hastings LLP | New York

Davis Polk – GT Advanced Technologies Inc. $220 Million Convertible Senior Notes Offering and Convertible Note Hedge and Warrant Transactions

Davis Polk advised UBS Investment Bank, Bank of America Merrill Lynch and Credit Suisse Securities (USA) LLC as joint book-running managers in connection with an SEC-registered offering by GT Advanced Technologies Inc. (GTAT) of an aggregate principal amount of $220 million of 3% convertible senior notes due 2017, which included $15 million aggregate principal of notes from the full exercise of the underwriters’ option to purchase additional notes. In addition, Davis Polk advised certain financial institutions, including several affiliates of the underwriters, as counterparties to convertible note hedge and warrant transactions with GTAT in connection with the convertible senior notes offering.

More >>

Tags:  Davis Polk & Wardwell | New York