Monthly Archives: February 2012

Davis Polk – ArcelorMittal $3 Billion Registered Notes Offering

Wednesday, February 29, 2012
Davis Polk advised J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated as joint book-running managers of a $3 billion SEC-registered offering by ArcelorMittal consisting of $500 million aggregate principal amount of 3.75% notes due 2015, $1.4 billion aggregate principal amount of 4.5% notes due 2017 and $1.1 billion aggregate principal amount of 6.25% notes due 2022.

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Tags:  Davis Polk & Wardwell

Latham & Watkins Corporate Team Advises Blackstone in its $2 Billion Equity Investment for the Sabine Pass Liquefaction Project

Wednesday, February 29, 2012

Cheniere Energy Partners, L.P. (NYSE Amex: CQP) has announced that it has entered into an exclusive arrangement with Blackstone Energy Partners L.P., Blackstone Capital Partners VI L.P., and certain affiliates (collectively, “Blackstone”) to finalize and execute definitive agreements under which Blackstone would purchase newly issued CQP Senior Subordinated Paid-in-Kind Units for $2 billion.

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Tags:  Latham & Watkins LLP

King & Spalding Expands German Real Estate Tax Practice

Wednesday, February 29, 2012
Dr. Axel Schilder, a prominent German tax lawyer and former official of the German tax authority, joined King & Spalding as a partner in its Frankfurt am Main, Germany, office, the firm announced today. Schilder will help build up the German arm of the firm’s tax practice with a focus on real estate and investment tax law, support the continued growth of the firm’s capital transactions and real estate practice in Frankfurt and strengthen the taxation expertise of the firm’s and office’s fund structuring and international transactional work. Schilder joined King & Spalding today from the law firm of Beiten Burkhardt Rechtsanwaltsgesellschaft mbH, where he was a partner.

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Tags:  King & Spalding LLP

Shearman & Sterling Advises Underwriters in Teck Resources Limited’s US$1 Billion Notes Offering

Wednesday, February 29, 2012
Shearman & Sterling represented J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Goldman, Sachs & Co. and Morgan Stanley & Co. LLC, as joint bookrunning managers, and CIBC World Markets Corp., Mizuho Securities USA Inc., RBC Capital Markets, LLC, UBS Securities LLC, Barclays Capital Inc., BMO Capital Markets Corp., BNP Paribas Securities Corp., Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., RBS Securities Inc. and Scotia Capital (USA) Inc., as co-managers, in connection with Teck Resources Limited’s US$1 billion offering of US$500,000,000 aggregate principal amount of 3.000% notes due 2019 and US$500,000,000 aggregate principal amount of 5.200% notes due 2042. The notes are fully and unconditionally guaranteed by Teck’s wholly owned subsidiary, Teck Metals Ltd.

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Tags:  Shearman & Sterling LLP | New York