Monthly Archives: September 2012

Simpson Thacher Represents Celulosa Arauco in its Acquisition of Leading North American Wood Panel Manufacturer

Thursday, September 27, 2012

Simpson Thacher represented Celulosa Arauco y Constitución S.A., a Chilean corporation, in its purchase of all of the shares of Flakeboard Company Limited, a Canadian company which owns and operates seven production facilities in the United States and Canada and is the largest producer of composite wood panels in North America. The transaction value including assumed debt was approximately US$434.7 million. The transaction closed on September 24, 2012.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Arnold & Porter Represents Republic of Turkey in Its First Islamic Bond Offering

Thursday, September 27, 2012

The Republic of Turkey has closed its first-ever Islamic finance offering. The New York and London offices of Arnold & Porter LLP acted as Turkey’s international legal counsel, in association with Somay Hukuk Burosu, the Republic’s Turkish counsel. The issue, consisting of lease certificates due in 2018, raised $1.5 billion for the Republic.

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Tags:  Arnold & Porter Kaye Scholer LLP

Davis Polk – Korea Finance Corporation Notes Offering

Thursday, September 27, 2012

Davis Polk advised Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, UBS AG, Hong Kong Branch as underwriters in connection with a Schedule B debt offering by Korea Finance Corporation of $300 million in aggregate principal amount of its 2.25% notes due 2017. The notes are consolidated and form a single class of notes with the $500 million aggregate principal amount of 2.25% notes due 2017 issued on August 7, 2012.

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Tags:  Davis Polk & Wardwell | Hong Kong

Davis Polk – Torchmark Corporation Senior Notes Offering and Junior Subordinated Debentures Offering

Thursday, September 27, 2012

Davis Polk advised Merrill Lynch, Pierce, Fenner & Smith Incorporated, U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC as joint book-running managers on an SEC-registered offering by Torchmark Corporation of $300 million aggregate principal amount of 3.8% senior notes due 2022. Davis Polk also advised Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities, LLC as joint book-running managers on an SEC-registered offering by Torchmark Corporation of $125 million aggregate principal amount of 5.875% junior subordinated debentures due 2052.

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Tags:  Davis Polk & Wardwell

Davis Polk Advises Grupo Aval on Its $1 Billion Global Offering

Thursday, September 27, 2012

Davis Polk advised Grupo Aval Acciones y Valores S.A. in connection with its global offering of $1 billion aggregate principal amount of 4.75% senior notes due 2022. The notes were issued by Grupo Aval’s wholly owned finance subsidiary, Grupo Aval Limited, and guaranteed by Grupo Aval and were offered pursuant to Rule 144A and Regulation S under the U.S. Securities Act of 1933.

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Tags:  Davis Polk & Wardwell | New York

New Arbitration Specialist Joins London Office

Thursday, September 27, 2012

International law firm Stephenson Harwood has appointed Shai Wade as a partner in its commercial litigation practice. Shai joins from Reed Smith where he was co-practice group leader of international arbitration and where he has been a partner since 2008. Prior to this he was a partner at Kilpatrick Stockton.

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