Simpson Thacher Represents Toll Brothers in $250 Million Exchangeable Senior Notes Offering

The Firm recently represented Toll Brothers, Inc. and its subsidiaries in connection with a Rule 144A offering by Toll Brothers Finance Corp. of $250 million aggregate principal amount of 0.50% Exchangeable Senior Notes due 2032 (the “Notes”). The Notes are guaranteed by Toll Brothers, Inc. and certain of its subsidiaries. Toll Brothers Finance Corp. is a wholly owned subsidiary of Toll Brothers, Inc.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Simpson Thacher Represents Underwriters in $800 Million Debt Offering by WPP

The Firm recently represented the underwriters in connection with a registered public offering of $500 million of 3.625% Senior Notes due 2022 and $300 million of 5.125% Senior Notes due 2042, in each case, issued by WPP Finance 2010, a finance subsidiary of WPP plc. The notes are guaranteed by WPP plc and certain of its subsidiaries.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Heidi E. Opinsky Joins Private Clients Practice

Law firm McCarter & English, LLP is pleased to announce that attorney Heidi E. Opinsky has joined the firm as a partner. She will split her time between the firm’s Stamford, CT and New York City offices. With more than 27 years of experience in family law matters, Opinsky will focus on counseling New York and Connecticut state residents in resolving their family law, divorce, alimony, child support, domestic violence and property law issues.

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Tags:  New York

Dechert Secures Victory in Schron, Cammeby’s Equity Holdings in SavaSeniorCare Acquisition Suit

Following a two-week bench trial before Justice O. Peter Sherwood of the New York Supreme Court, Dechert achieved a victory today on behalf of Rubin Schron and Cammeby’s Equity Holdings with the court’s ruling that Cam Equity may acquire SavaSeniorCare LLC, a national nursing-home company, through the assumption of $100 million in outstanding debt. In so doing, Justice Sherwood rejected the claims of Sava’s owners, Leonard Grunstein and Murray Forman, that Schron had fallen $120 million short on his lending commitments as a “prevarication” and concluded that the “mendacity of Grunstein and Forman” entitled their story to be given no weight.

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Tags:  Dechert LLP | New York