Securitization and structured finance attorney Keith Krasney has joined Locke Lord’s New York office as a Partner in the international Firm’s Corporate and Transactional Department and will chair the Firm’s Securitization and Structured Finance group. He has 25 years of experience in securitization and structured finance as well as mortgage finance, and he will boost the New York office’s client services in the Firm’s well respected national Corporate Practice.
Tags: Locke Lord LLP | New YorkCahill – HD Supply Completes $300 Million Notes Offering
Cahill represented the joint book-running managers in connection with the Rule 144A offering of $300,000,000 of add-on notes to HD Supply, Inc.’s outstanding 8.125% First Priority Notes due 2019. Proceeds from the offering will be used to refinance existing indebtedness and for general corporate purposes.
Tags: Cahill Gordon & Reindel LLP | New YorkBaker Hostetler’s Growth Continues in New York: Adam J. Schlatner Joins Litigation Group
Baker Hostetler announced that Adam J. Schlatner joined the firm’s Litigation Group as Partner in its New York office. He comes to Baker Hostetler from Winston & Strawn LLP, after an 18-year career.
Tags: Baker & Hostetler LLP | New YorkKing & Spalding Advises Gatehouse Bank on $155 Million Shari’ah-Compliant Real Estate Acquisition
King & Spalding has advised London-based Gatehouse Bank plc and its investment group on the acquisition of a 20-property U.S. industrial real estate portfolio in a joint venture with Brennan Investment Group. The 100% leased portfolio, acquired from an affiliate of AIC Ventures, spans 12 states and is valued at $155 million. Shari’ah-compliant financing for the acquisition was secured through The Royal Bank of Scotland. The financing is one of the ten largest securitized financings executed in the United States in 2012.
Tags: King & Spalding LLP | New YorkDavis Polk Advises Campbell Soup Company on $1.25 Billion Acquisition Financing
Davis Polk advised Campbell Soup Company on its registered offering of $400 million aggregate principal amount of floating-rate notes due 2014, $450 million aggregate principal amount of 2.5% notes due 2022 and $400 million aggregate principal amount of 3.8% notes due 2042. Morgan Stanley & Co. LLC, Barclays Capital Inc., J.P. Morgan Securities LLC and BNP Paribas Securities Corp. acted as joint book-running managers for the offering.
Tags: Davis Polk & Wardwell | New YorkDavis Polk – Praxair, Inc. $500 Million Notes Offering
Davis Polk advised the underwriters on the registered offering of $500 million aggregate principal amount of 2.2% notes due 2022 by Praxair, Inc. Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC acted as joint book-running managers for the offering.
Tags: Davis Polk & Wardwell | New YorkHerbert Smith Hires Litigation Team in New York
Herbert Smith LLP announced the recruitment of a team of six leading US commercial litigation partners today.
Tags: Herbert Smith Freehills LLP | New YorkLowenstein Sandler Represents NextWave Wireless in Planned Acquisition by AT&T
Lowenstein Sandler is representing NextWave Wireless Inc., a wireless technology company that manages and maintains wireless spectrum licenses, in its acquisition by communications leader AT&T. Under the terms of the agreement, announced August 2, 2012, AT&T will acquire all of the outstanding common shares of NextWave for $1.00 per share plus a contingent payment right representing a $25 million interest in an escrow fund. In addition, the holders of NextWave’s secured notes have entered into separate note purchase agreements with AT&T.
Tags: Lowenstein Sandler, PC | New YorkWillkie Advises Barings in Acquisition of Korean Asset Manager
On August 1, Willkie client Baring Asset Management, an international investment management firm, announced it has agreed to acquire SEI Asset Korea Co., Ltd. London-based Barings, a subsidiary of MassMutual Financial Group, currently has about $47 billion under management.
Tags: Willkie Farr & Gallagher LLP | New YorkSimpson Thacher Represents Issuer in $700 Million Initial Public Offering by ClearBridge Energy MLP Total Return Fund Inc.
Simpson Thacher represented ClearBridge Energy MLP Total Return Fund Inc. (the “Fund”) in connection with its $700 million initial public offering of common stock. The Fund is a newly organized, non-diversified, closed-end management investment company which trades on the New York Stock Exchange under the symbol “CTR”. The underwriting syndicate for the offering was led by Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Wells Fargo Securities LLC and Ameriprise Financial Services, Inc.
Tags: Simpson Thacher & Bartlett LLP | New York