Thomas G. Echikson has joined LeClairRyan as a partner in the Environmental and Compliance, Investigations and White Collar Defense Practice Area teams. He will be resident in the national law firm’s Washington, D.C. office.
Tags: LeClair Ryan, PC
Monthly Archives: May 2012
Former Federal Agent Brian J. Halpin Joins LeClairRyan
Brian J. Halpin has joined the law firm of LeClairRyan as a partner in the Discovery Solutions Practice. He will be resident in the national law firm’s Newark office.
Tags: LeClair Ryan, PC
Proskauer Represents Banco GNB Sudameris in $400 Million Acquisition of HSBC Assets in Latin America
Proskauer advised Banco GNB Sudameris S.A., a Colombian banking institution, on its $400 million acquisition of HSBC Bank’s operations in Colombia, Paraguay, Peru and Uruguay. The transaction involves 62 offices and assets of approximately $4.4 billion.
Tags: Proskauer Rose LLP | New York
Ashurst Makes Significant Partner Appointments to Its Financial Services Team
The appointment of new partners Robert Ritchie and Shawn Wytenburg to Ashurst in Sydney is a key step in the firm realising its vision of creating a pre-eminent Financial Services practice.
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Clifford Chance Advises AEI on Sale of China Gas Distribution Business
Leading international law firm Clifford Chance has advised AEI Asia Ltd. (“AEI”) on the entry into an agreement for the sale of its China gas distribution business to China Resources Gas Group Limited for US$237 million. The transaction is particularly complex with 40 target companies engaged in gas sales, distribution and transportation in Mainland China. AEI China Gas Group operates 28 city gas projects, 8 gas stations and 4 midstream gas transmission pipeline projects in 11 provinces in mainland China.
Tags: Clifford Chance LLP | Shanghai
Simpson Thacher Represents Underwriters in $16 Billion Initial Public Offering of Facebook
Simpson Thacher represented the underwriters in the initial public offering of Facebook, Inc., which is the largest technology offering ever and the third largest IPO in U.S. history. The offering priced at $38.00 per share, which was the top of the indicative price range, and opened for trading on NASDAQ on May 18, 2012. Facebook sold 180,000,000 shares and selling stockholders sold 241,233,615 shares. Facebook and the selling stockholders also gave the underwriters a 30-day option to purchase up to 63,185,042 additional shares to cover over-allotments. Morgan Stanley, J.P. Morgan, Goldman, Sachs & Co., BofA Merrill Lynch, Barclays, Allen & Company LLC, Citigroup, Credit Suisse and Deutsche Bank Securities were bookrunners for the offering.
Tags: Simpson Thacher & Bartlett LLPSimpson Thacher Represents Citigroup Global Markets Inc., J.P. Morgan Securities LLC and UBS Securities LLC as Underwriters in $225 Million Convertible Senior Notes Offering by The Ryland Group, Inc.
The Firm recently represented Citigroup Global Markets Inc., J.P. Morgan Securities LLC and UBS Securities LLC, as underwriters, in connection with a public offering by The Ryland Group, Inc. (“Ryland”) of $225 million aggregate principal amount of its 1.625% Convertible Senior Notes due 2018. The notes are fully and unconditionally guaranteed on an unsecured and unsubordinated basis by substantially all of Ryland’s direct and indirect wholly owned homebuilding subsidiaries. The offering closed on May 16, 2012.
Tags: Simpson Thacher & Bartlett LLP
Paul, Weiss – Wendy’s Completes $1.325 Billion Senior Credit Facility and Tender Offer
Paul, Weiss advised Wendy’s International, Inc., a subsidiary of our client, The Wendy’s Company, the second largest quick-service restaurant company in the United States, in completing a new $1.325 billion senior secured credit facility. The facility includes a $200 million revolving credit facility and a $1.125 billion term loan, with an accordion for additional term or revolving debt of up to $275 million. The proceeds were used to repay approximately $466.7 million of outstanding indebtedness under the existing senior credit facility of Wendy’s Restaurants, to purchase $124.2 million aggregate principal amount of 10.00% senior notes due 2016 of Wendy’s Restaurants in a tender offer and to pay related fees and expenses. On May 15, the day the credit facility closed, Wendy’s Restaurants completed a cash tender offer for any and all of its outstanding 10.00% senior notes. Wendy’s Restaurants purchased approximately 22 percent of its outstanding $565 million principal amount of 10.00% senior notes in the tender offer. Bank of America and Wells Fargo Securities served as joint lead arrangers and joint book managers for the credit facility; Bank of America served as dealer manager for the tender offer.
Tags: Paul, Weiss, Rifkind, Wharton & Garrison LLP | New YorkValery Eremenko to Join Egorov Puginsky Afanasiev & Partners as Partner
Hogan Lovells Secures $160 Million Victory for Client in High-Profile Nuclear Utility Appeal
The U.S. Court of Appeals for the Federal Circuit on Friday handed a major victory to a trio of nuclear utilities, awarding them approximately $160 million in a long-running contract dispute with the federal government. Hogan Lovells represented the nuclear utilities in the case, Yankee Atomic v. United States, Nos. 2011-5020 et seq. (Fed. Cir. May 18, 2012).
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