Securitization, Structured Finance Attorney Keith Krasney Joins Locke Lord’s New York Office as a Partner in Corporate Practice

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.

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Tags:  Locke Lord LLP | New York

King & 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.

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Tags:  King & Spalding LLP | New York

Davis 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.

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Tags:  Davis Polk & Wardwell | New York

Lowenstein 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.

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Tags:  Lowenstein Sandler, PC | New York

Simpson 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.

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Tags:  Simpson Thacher & Bartlett LLP | New York