Davis Polk advised AstraZeneca PLC in connection with its SEC-registered shelf takedown of $1 billion aggregate principal amount of 1.95% notes due 2019 and $1 billion aggregate principal amount of 4% notes due 2042. The notes were underwritten by Goldman, Sachs & Co., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC.
Tags: Davis Polk & Wardwell LLPDavis Polk is advising Synutra International, Inc. in connection with a long-term industrial and commercial partnership agreement with Groupe Sodiaal SA and Eurosérum SAS, a subsidiary of Sodiaal, pursuant to which Synutra will build a new drying facility in Brittany (France), intended to manufacture powdered milk and fat-enriched demineralized whey for the needs of the Synutra group. This new drying facility, which is anticipated to cost approximately €90 million ($118 million) to build, is expected to be commissioned by year-end 2014 and to employ approximately 75-100 employees. Upon commissioning of the drying facility, Eurosérum and Sodiaal will supply the facility with demineralized liquid whey and milk.
Tags: Davis Polk & Wardwell LLP | BeijingDavis Polk advised Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC as joint book-running managers in connection with the offering of 4,025,000 shares of Class A common stock of Genesee & Wyoming Inc. (including 525,000 shares from the full exercise of the underwriters’ over-allotment option), of which 233,996 shares were offered by a selling stockholder who is the Chairman of the company’s board of directors, and the offering of 2,300,000 5% tangible equity units of Genesee & Wyoming Inc. (including 300,000 tangible equity units from the full exercise of the underwriters’ over-allotment option). The net proceeds from the Class A common stock offering were approximately $233.4 million and the net proceeds from the tangible equity units offering were approximately $221.6 million, resulting in total net proceeds of approximately $455 million. Genesee & Wyoming Inc. intends to use the net proceeds from the concurrent offerings to partially fund its pending acquisition of RailAmerica Inc.
Tags: Davis Polk & Wardwell LLP | New YorkDavis Polk advised Credit Suisse Securities (USA) LLC, The Hongkong and Shanghai Banking Corporation Limited, J.P. Morgan Securities LLC, KDB Asia Limited, Morgan Stanley & Co. International plc and The Royal Bank of Scotland plc as underwriters in connection with a Schedule B debt offering by The Korea Development Bank of $750 million in aggregate principal amount of its 3% notes due 2022.
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Cahill represented J.P. Morgan, Deutsche Bank Securities, and Wells Fargo Securities as joint book-running managers and the co-managers in connection with the Rule 144A offering of $325,000,000 aggregate principal amount of 7.375% Senior Notes due 2017 by Ladder Capital Finance Holdings LLP and Ladder Capital Finance Corporation.
Tags: Cahill Gordon & Reindel LLP | New York
International law firm Stephenson Harwood has appointed Susan Moore to its banking group within the finance practice. Susan joins from SNR Denton where she was a consultant in the restructuring and insolvency group, having previously been a partner for eight years.
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Gibson, Dunn & Crutcher LLP is pleased to announce that Tracey Davies has joined the firm’s Dallas office as a partner. Previously at Vinson & Elkins, she will continue to focus on patent litigation, primarily in the life sciences, pharmaceutical, and biotechnology industries.
Tags: Gibson, Dunn & Crutcher LLP | DallasGibson, Dunn & Crutcher LLP is pleased to announce that Joshua Soven has joined the firm’s Washington, DC office as a partner.
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The Charlotte office of global law firm K&L Gates LLP welcomes Stacy G. Ackermann and Nachael L. Bright as partners in the firm’s real estate investment, development and finance practice. Both join the firm from Alston & Bird LLP.
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Global law firm White & Case LLP has advised the State Treasury of the Republic of Poland in connection with the offering and sale of US$2 billion principal amount of 3.000% Notes due 2023. The offering was registered in the United States under the Republic of Poland’s shelf registration statement. Deutsche Bank Securities Inc., Goldman Sachs International and HSBC Bank plc acted as joint lead managers for the offering.
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