Davis Polk advised Morgan Stanley Senior Funding, Inc. and Goldman Sachs Bank USA as joint lead arrangers and Merrill Lynch, Pierce, Fenner & Smith Incorporated as arranger in connection with Riverbed Technology, Inc.’s new $575 million senior secured term loan facility. The facility was used by Riverbed to fund the acquisition of OPNET Technologies, Inc., which closed concurrently with the financing.
Tags: Davis Polk & Wardwell LLP | New York
For the second time in six months, Fulbright has hired a lawyer with extensive experience in construction law in its St. Louis office.
Tags: Dentons
Shearman & Sterling is advising long-time client IntercontinentalExchange (ICE) on the European regulatory and European antitrust aspects of its proposed acquisition of NYSE Euronext in a transaction valued at $8.2 billion. Under the terms of the agreement, which was unanimously approved by the boards of both companies, the transaction is currently valued at $33.12 per NYSE Euronext share, or a total of approximately $8.2 billion, based on the closing price of ICE’s stock on December 19, 2012.
Tags: Shearman & Sterling LLP
Morgan Lewis has advised Valartis Group AG (VLRT: SIX Swiss Exchange), the holding company of the internationally active Valartis banking and finance group, on its sale of a strategic stake of about 40 percent in Eastern Property Holdings Limited (EPH: SIX Swiss Exchange) to the Liechtenstein-based Aurora Value Fund (“Aurora”). Concurrently, EPH announced that Aurora has acquired an aggregate of more than 66.67% of its voting shares.
Tags: Morgan, Lewis & Bockius LLP | MoscowGlobal law firm Proskauer is acting as corporate counsel to American Realty Capital Properties, Inc., and American Realty Capital Trust III, Inc., in connection with their planned merger that will create a combined real estate investment company with an enterprise value of $3 billion.
Tags: New York
Global law firm White & Case LLP advised Braskem Idesa SAPI in securing US$3.2 billion in financing for the Etileno XXI project, a US$4.5 billion integrated petrochemicals project located in Veracruz, Mexico. The project is the largest deal to close in Mexico and Latin America in 2012.
Tags: White & Case LLP | Mexico City
Simpson Thacher recently represented HCA Holdings, Inc. (“HCA”) in its offering of $1 billion aggregate principal amount of 6.25% Senior Notes due 2021. HCA intends to use the net proceeds for the financing of a dividend to its stockholders.
Tags: Simpson Thacher & Bartlett LLP | New YorkThe Firm recently represented Goldman Sachs Bank USA and Banco Santander (Mexico) in connection with a US$300 million bridge loan financing to Gruma, S.A.B. de C.V. The loan proceeds will be used principally to finance the repurchase of Gruma shares owned by Archers-Daniels-Midland Company.
Tags: Simpson Thacher & Bartlett LLP | New York
SandRidge Energy, Inc. today announced that it has signed a definitive agreement to sell Permian Basin properties to Sheridan Production, a private operator, for $2.6 billion in cash. Covington & Burling, along with Texas-based Locke Lord, advised SandRidge on the transaction.
Tags: Covington & Burling LLP
Paul Hastings, a leading global law firm, announced today that it represented Ayala Corporation (“Ayala”), one of the Philippines’ largest conglomerates, on its execution of a definitive agreement to acquire an approximately 17.1% ownership interest in GNPower Mariveles Coal Plant Ltd Co. (“GMCP”) and its 2 x 300 MW coal-fired generating plant, located in Bataan province, Republic of the Philippines. The acquisition is priced at approximately US$155 million, and the closing of the acquisition is subject to lender’s consent and other customary closing conditions. The interests are currently held by an affiliate of a fund managed by Denham Capital.
Tags: Paul Hastings, LLP | Hong Kong