Recognizing a synergistic opportunity to provide European clients with access to its growing national footprint, LeClairRyan today announced a merger with Biedermann, Reif, Hoenig & Ruff.
Tags: LeClair Ryan, PC | New York Monthly Archives: July 2011
Kinney Recruiting’s Danielle Cyr Quoted in Thomson Reuters
Jones Day Opens Office in São Paulo
The global law firm Jones Day has announced that it has opened an office in São Paulo, Brazil. This will be the Firm’s second office in Latin America after Mexico City.
Tags: Jones Day LLP | Sao Paulo Mayer Brown JSM Advises Indika Energy for Its Ground-Breaking Liability Management Exercise and High-yield Bond Issue
Mayer Brown JSM is pleased to announce that it advised PT Indika Energy Tbk (INDY), a leading integrated Indonesian energy group, in connection with the exchange offer of up to US$185,000,000 of Indo Integrated Energy B.V.’s 8.50% Senior Notes due 2012 for Indo Energy Finance B.V.’s 7.00% Senior Notes due 2018, together with simultaneous consent solicitations for the 2012 Notes and Indo Integrated Energy II B.V.’s 9.75% Senior Notes due 2016 and new money issue of US$115,000,000.
Tags: Mayer Brown LLP Mayer Brown JSM Advises Beijing Enterprises Water Group Limited on RMB 1.45 Billion Dim Sum Bond
Mayer Brown JSM’s finance and corporate groups advised Beijing Enterprises Water Group Limited (BEWGL) in connection with an issue of 1 billion 3.75% senior Renminbi denominated bonds due 2014 and 450 million 5.00% senior Renminbi denominated bonds due 2016 by the company.
Tags: Mayer Brown LLP | Beijing Covington Advises Microsoft in $4.5B Bid for Nortel’s Patent Portfolio
Covington & Burling LLP represented Microsoft Corp. in the $4.5 billion winning bid in the auction of Nortel Networks Corporation’s 6000 patents and patent applications. A consortium of Microsoft and several other technology companies will share Nortel’s 4G wireless, data networking, optical, voice, Internet, service provider, semiconductors and other patent portfolios.
Tags: Covington & Burling Simpson Thacher Represents Walter Investment Management in its $1.065 Billion Acquisition of Green Tree
Walter Investment Management Corp. completed its acquisition of GTCS Holdings LLC (“Green Tree”) on July 1, 2011 in a transaction valued at $1.065 billion. Walter Investment issued approximately 1.8 million shares of common stock to the seller, assumed approximately $20 million of existing Green Tree debt, issued $810 million of new debt and utilized cash on hand to effect the acquisition. Green Tree, based in St. Paul, Minnesota, is a leading independent, fee-based business services company which provides high-touch, third-party servicing of credit-sensitive consumer loans.
Tags: Simpson Thacher & Bartlett LLP Davis Polk Advises Ruby Tuesday on Settlement with Two Shareholder Groups
Davis Polk is advising Ruby Tuesday, Inc. in connection with the appointment of Steven R. Becker and Matthew A. Drapkin as members of its board of directors and the related settlement agreements with Becker Drapkin Management, L.P. and Carlson Capital, L.P. who had previously notified Ruby Tuesday of an intent to nominate three directors at its 2011 annual meeting. In connection with the appointment of Messrs. Becker and Drapkin to the board of Ruby Tuesday, Becker Drapkin has agreed to withdraw its nomination of Messrs. Becker, Drapkin and Michael Brodsky to the board of directors and to vote in favor of each of the board’s nominees for election at the 2011 Annual Meeting of Shareholders. In addition, both Becker Drapkin and Carlson Capital have agreed to certain standstill restrictions.
Tags: Davis Polk & Wardwell Hogan Lovells Advises Arrangers of the First Zimbabwean Bond Issue of the Post-Zimbabwe Dollar Era
Hogan Lovells has advised The African Export-Import Bank (Afreximbank) and Dinosaur Securities (UK) Ltd as co-arrangers of an issue of US$50 million guaranteed 8.5% bonds, due 2014, by CBZ Bank Limited (CBZB), Zimbabwe’s largest bank. The bonds were listed and admitted to trading on the Cayman Islands Stock Exchange on 20 June 2011.
Tags: Hogan Lovells Mallesons Acts on $850M JBS Refinancing
JBS is the world’s largest meat company. The financing, which closed on Thursday 30 June, was structured as a revolving ABL (asset based loan) with a facility limit of US$850 million. Availability under the facilities is calculated as a percentage of eligible accounts receivable and inventory. The size, structural complexities and cross border issues involved made this a landmark deal in the ABL space.
Tags: King & Wood Mallesons