Davis Polk – Springleaf Holdings, Inc. $1.435 Billion Common Stock Offering

Davis Polk advised the underwriters in connection with the SEC-registered offering of 27,864,525 shares of common stock of Springleaf Holdings, Inc., of which 19,417,476 shares were issued and sold by the Company and 8,447,049 shares were sold by Springleaf Financial Holdings, LLC on behalf of an affiliate of American International Group. The aggregate gross proceeds of the offering were approximately $1.435 billion. The underwriters have a 30-day option to purchase up to an additional 4,179,678 shares of Springleaf Holdings, Inc.’s common stock from Springleaf Financial Holdings, LLC. The common stock is listed on the New York Stock Exchange under the symbol “LEAF.”

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Simpson Thacher Represents Underwriters in US$5.5 billion equity offering of Telefonica Brasil

The São Paulo office of the Firm recently represented the underwriters, led by Itau BBA USA Securities, Inc., Morgan Stanley & Co. LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Santander Investment Securities Inc., in connection with the global offering of preferred shares of Telefonica Brasil, including preferred shares in the form of ADSs. The ADSs are listed on the New York Stock Exchange, and the preferred shares are listed in Brazil on the BM&FBOVESPA stock exchange. The global offering raised net proceeds of approximately US$5.5 billion, which Telefonica Brasil intends to use to the fund the cash portion of the previously announced €7.2 billion acquisition of Brazilian telecommunication company GVT, repay certain GVT indebtedness following completion of the acquisition and improve its own liquidity.

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Paul Hastings Continues Latin America Expansion with Proposed New Office in São Paulo and Addition of Three Top-Rated Finance and Capital Markets Partners

Paul Hastings LLP, a leading global law firm, announced today a proposed new office in São Paulo, Brazil and the addition of three prominent Latin America and Project Finance partners from Allen & Overy. The team includes Robert Kartheiser, who joins Paul Hastings as chair of the Global Project Finance practice; Bruno Soares, who has an extensive Brazil based project finance practice and will be in New York until final regulatory approval is granted for him to be based in São Paulo; and Cathleen McLaughlin, who headed Allen & Overy’s New York office International Capital Markets group and will continue to focus on Latin American capital markets transactions within Paul Hastings’ Corporate practice.

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Pacific Rubiales Energy Closes $750 Million Offering

Global law firm Proskauer closed a $750 million issuance of 5.625% Senior Notes due 2025 for Pacific Rubiales Energy Corp., the Canadian oil and gas company with operations principally in Colombia as well as interests in six other countries.

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US $2 billion Punta Catalina Coal Fired Power Project, Dominican Republic

Davis Polk advised Construtora Norberto Odebrecht S.A. in connection with the construction and joint venture arrangements for the design, engineering, procurement, construction and commissioning of two “clean coal” fired thermoelectric power plants to be located in Punta Catalina, Hatillo, in the Dominican Republic. The power plants are being constructed on behalf of Corporación Dominicana de Empresas Eléctricas Estatales. The Project has been undertaken as a solution to the country’s electricity shortages and high energy prices.

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Milbank Represents Underwriters in $500 million first time Basel III Tier 2 Bond Offering by Brazil’s Caixa Econômica Federal

Milbank, Tweed, Hadley & McCloy LLP represented the underwriters BB Securities Ltd., Banco Bradesco BBI S.A., Banco BTG Pactual S.A. – Cayman Branch, Deutsche Bank Securities Inc., HSBC Securities (USA) Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated in the $500 million offering of 7.250% notes due July 2024 by Caixa Econômica Federal.

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