On June 27, client Time Warner Cable Inc. closed a £650,000,000 (approximately U.S. $1 billion) registered offering of 5 1/4% notes due 2042. The notes were offered in the United Kingdom. The bookrunning managers for the transaction were Barclays Bank PLC, Deutsche Bank AG, London Branch and The Royal Bank of Scotland plc. In connection with the notes offering, the company entered into cross-currency swaps to effectively convert its £650 million aggregate principal amount of fixed-rate British pound sterling denominated debt to fixed-rate U.S. dollar denominated debt.

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Paul Hastings LLP, a leading global law firm, announced today that the firm represented GE Capital as joint lead arranger and sole administrative agent for a $260 million Term Loan B and $225 million ABL revolving credit facility in support of KPS Capital Partners LP’s acquisition of ThyssenKrupp Waupaca, Inc., the largest independent iron foundry in the world, from ThyssenKrupp Budd Company through a newly formed company, Waupaca Foundry Holdings, Inc. RBC Capital Markets and Wells Fargo Capital Finance will also act as lead arrangers for the financing of the acquisition.

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Wiggin and Dana LLP advised AboveNet, Inc. in connection with its $2.2 billion acquisition by Zayo Group, LLC. The transaction closed on July 2, 2012.

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Davis Polk is advising Banco Bilbao Vizcaya Argentaria, S.A. in connection with its $500 million sale of its Puerto Rican operations to Oriental Financial Group Inc. The transaction is subject to customary regulatory approvals and targeted to close before the end of 2012.

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Davis Polk advised underwriters represented by Deutsche Bank Securities Inc., Goldman Sachs International, J.P. Morgan Securities Ltd. and TD Securities (USA) LLC in connection with the offering of $1 billion aggregate principal amount of 2.45% bonds due 2022, issued by the Province of Ontario.

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