Davis Polk Advises Grupo Aval on Its $1 Billion Global Offering

Davis Polk advised Grupo Aval Acciones y Valores S.A. in connection with its global offering of $1 billion aggregate principal amount of 4.75% senior notes due 2022. The notes were issued by Grupo Aval’s wholly owned finance subsidiary, Grupo Aval Limited, and guaranteed by Grupo Aval and were offered pursuant to Rule 144A and Regulation S under the U.S. Securities Act of 1933.

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Tags:  Davis Polk & Wardwell | New York

Simpson Thacher Represents the Underwriters in $750 Million Debt Offering by Berkshire Hathaway Finance Corporation

The Firm represented Goldman, Sachs & Co. and Wells Fargo Securities in the public offering of $750 million of debt securities of Berkshire Hathaway Finance Corporation (“BHFC”), which will be fully and unconditionally guaranteed by Berkshire Hathaway Inc. (“Berkshire”), consisting of $325,000,000 of 1.600% Senior Notes due 2017, $200,000,000 of 3.000% Senior Notes due 2022 and $225,000,000 of 4.400% Senior Notes due 2042.

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Simpson Thacher Represents Rockwood in $1.25 Billion Registered Offering of Senior Notes

The Firm recently represented Rockwood Holdings, Inc. and its subsidiaries in connection with a public offering by Rockwood Specialties Group, Inc. of $1.25 billion aggregate principal amount of 4.625% Senior Notes due 2020 (the “Notes”). The Notes are guaranteed by Rockwood Holdings, Inc. and certain of its subsidiaries. Rockwood Specialties Group, Inc. is an indirect wholly-owned subsidiary of Rockwood Holdings, Inc.

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Simpson Thacher Represents Genesee & Wyoming Inc. in $475 Million Aggregate Offerings of Common Stock and Tangible Equity Units

The Firm represented Genesee & Wyoming Inc. (NYSE: GWR), a short line and regional railroad company with operations in North America, Europe and Australia, in connection with concurrent registered offerings of 4,025,000 shares of Class A common stock and 2,300,000 5.00% Tangible Equity Units (including in the case of the common stock, 233,996 shares offered by a selling stockholder, and in the case of the common stock and the Tangible Equity Units, the underwriters’ full exercise of their over-allotment options), which resulted in aggregate gross proceeds of approximately $475 million. Genesee & Wyoming intends to the net proceeds from the offerings to partially fund its recently announced acquisition of RailAmerica, Inc., the leading short line railroad operator in North America.

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Cahill – IAMGOLD Completes $650 Million Notes Offering

Cahill represented Citigroup and Scotiabank as joint book-running managers, CIBC and TD Securities as co-lead managers and the other co-managers in connection with the Rule 144A/Reg S offering of $650,000,000 aggregate principal amount of 6.75% Senior Notes due 2020 by IAMGOLD Corporation, a leading gold mining company. Proceeds from the offering will be used for general corporate purposes.

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Tags:  Cahill Gordon & Reindel LLP | New York

Davis Polk Advises The Royal Bank of Scotland Group plc on Its $2 Billion SEC-Registered Notes Offering

Davis Polk advised The Royal Bank of Scotland Group plc, a public limited company incorporated in Scotland, in connection with its SEC-registered shelf takedown of $2 billion aggregate principal amount of 2.55% senior notes due 2015. The notes were underwritten by RBS Securities Inc. as sole bookrunner and lead manager, Citigroup Global Markets Inc. and Wells Fargo Securities, LLC as senior co-managers, and BMO Capital Markets Corp., BNY Mellon Capital Markets, LLC, CIBC World Markets Corp., HSBC Securities (USA) Inc., nabSecurities, LLC, RBC Capital Markets, LLC, TD Securities (USA) LLC and UBS Securities LLC as co-managers.

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Tags:  Davis Polk & Wardwell | New York