Shearman & Sterling represented Inversiones La Construcción S.A. (ILC) and the selling shareholders Cámara Chilena de la Construcción A.G. and Fondo de Inversion Privado ILC in connection with the global offering of 32,193,892 shares of ILC’s common stock. The offering, which closed on July 24, raised US$468 million, making it the largest initial public offering in the Santiago Stock Exchange’s history.
Tags: Shearman & Sterling LLP | New YorkCahill Represents Underwriters in $3 Billion Notes Offering by CIT Group
Cahill represented the underwriters in connection with the public offering of $1,750,000,000 of 4.25% Senior Unsecured Notes due 2017 and $1,250,000,000 of 5.00% Senior Unsecured Notes due 2022 by CIT Group Inc. Proceeds from the offering were to be used to refinance existing indebtedness and for general corporate purposes.
Tags: Cahill Gordon & Reindel LLP | New YorkWeil Advises Goldman Sachs on $3.5 Billion Bridge Facility for Walgreen Co.
A Weil team, led by New York partner Morgan Bale, advised Goldman Sachs as joint lead arranger, joint bookrunner and administrative agent for a $3.5 billion senior unsecured bridge facility in connection the $6.7 billion strategic investment by Walgreen Co. (Walgreens), the largest drug store chain in the United States, in Alliance Boots GmbH, a Switzerland-based international pharmacy-led health and beauty group from Kohlberg Kravis Roberts. The bridge facility and the investment closed on August 2, 2012.
Tags: Weil, Gotshal & Manges, LLP | New YorkShearman & Sterling Advises Best Buy Founder on Proposal to Acquire Company
Shearman & Sterling is representing Richard Schulze, founder and former Chairman of Best Buy Co., Inc., in his proposal to the Best Buy Board of Directors to acquire all of the outstanding shares of the company that he does not already own. Schulze is Best Buy’s largest shareholder, controlling 20.1% of Best Buy shares.
Tags: Shearman & Sterling LLP | New YorkDavis Polk – The Pantry, Inc. $250 Million High-Yield Notes Offering and Concurrent Tender Offer and Consent Solicitation
Davis Polk advised Merrill Lynch, Pierce, Fenner & Smith Incorporated, Wells Fargo Securities, LLC, RBC Capital Markets, LLC, BMO Capital Markets Corp. and SunTrust Robinson Humphrey, Inc. as joint book-running managers on a Rule 144A/Regulation S offering by The Pantry, Inc. of $250 million aggregate principal amount of its 8.375% senior notes due 2020.
Tags: Davis Polk & Wardwell | New YorkDavis Polk – PPG Industries, Inc. $400 Million Notes Offering
Davis Polk advised BNP Paribas Securities Corp., Goldman, Sachs & Co. and J.P. Morgan Securities LLC as joint book-running managers on a public offering by PPG Industries, Inc. of $400 million aggregate principal amount of 2.7% notes due 2022.
Tags: Davis Polk & Wardwell | New YorkWhite & Case Represents Talbots in Its Sale to an Affiliate of Sycamore Partners
Global law firm White & Case LLP represented The Talbots, Inc., a leading specialty retailer and direct marketer of women’s apparel, shoes and accessories, in its sale to an affiliate of Sycamore Partners, a private equity firm. The transaction was consummated today.
Tags: White & Case LLP | New YorkSecuritization, 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.
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 York