The Firm recently represented Sealed Air Corporation (“Sealed Air”) in its offering of $425 million aggregate principal amount of 6.50% Senior Notes due 2020. Sealed Air is using the net proceeds from the offering, along with cash on hand, to repurchase and redeem all of its outstanding 5.625% Senior Notes due 2013. The notes are guaranteed by certain of Sealed Air’s wholly-owned domestic subsidiaries. The offering was conducted in reliance on Rule 144A and Regulation S.

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Covington & Burling is advising Grupo Financiero Banorte S.A.B. de C.V., and its affiliate Afore XXI Banorte, S.A. de C.V., in a $1.6-billion acquisition of Afore Bancomer, S.A. de C.V. from the Spanish bank, Banco Bilbao Vizcaya Argentaria S.A., which would create Mexico’s largest pension fund.

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Paul Hastings LLP, a leading global law firm, represented Royal Bank of Canada, as administrative agent, and RBC Capital Markets, as joint lead arranger, in connection with a $150,000,000 senior secured revolving credit facility for Cubist Pharmaceuticals, Inc.

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Chadbourne & Parke LLP represented Southern Cross Latin America Private Equity Funds III and IV (collectively “Southern Cross”) and certain of their affiliates, in connection with their proposed investment of $220 million in Ultrapetrol (Bahamas) Limited (“Ultrapetrol”) (NASDAQ: ULTR), an industrial transportation company serving marine transportation needs in three markets (River Business, Offshore Supply Business and Ocean Business).

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