The Firm recently represented JPMorgan Chase Bank, N.A., as administrative agent, in connection with $325 million in senior secured credit facilities for National Vision, Inc. (“NVI”), which consisted of a five year $25 million revolving credit facility and a six year $300 term loan facility. The proceeds of the term loan will be used to refinance existing indebtedness and fund a dividend to Berkshire Partners LLC, NVI’s financial sponsor. This transaction expands NVI’s borrowing capacity by $100 million and reduces its borrowing spread by 475 basis points.

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Davis Polk advised the United States Department of the Treasury (Treasury) in connection with its offering of approximately 636.9 million shares of common stock of American International Group, Inc. (AIG), which included the full exercise of the underwriters’ over-allotment option, representing proceeds to Treasury of approximately $20.7 billion. AIG agreed to purchase approximately 153.8 million shares in the offering, representing approximately $5 billion of Treasury’s proceeds from the sale. The offering reduced Treasury’s remaining investment in AIG to approximately 234.2 million shares of common stock and reduced Treasury’s percentage ownership of AIG’s outstanding shares of common stock from approximately 53.4% to approximately 15.9%. The offering was the largest common stock offering (IPO or follow-on) in U.S. history.

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Davis Polk advised underwriters represented by Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated in connection with the offering of $2.5 billion aggregate principal amount of notes issued by Merck & Co., Inc. The offering consisted of $1 billion principal amount of 1.1% notes due 2018, $1 billion principal amount of 2.4% notes due 2022 and $500 million principal amount of 3.6% notes due 2042.

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Katten Muchin Rosenman LLP announced today the hiring of Michael M. Rosensaft, who joins the firm’s Litigation Practice as a partner. Rosensaft represents businesses and individuals in white collar criminal and regulatory enforcement matters, corporate internal investigations, and complex civil litigation with an emphasis on insurance and health care fraud litigation.

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The Firm represented Banco de Crédito e Inversiones (Bci), a leading Chilean bank, in connection with an inaugural US$600 million global offering of 3.00% Senior Notes due 2017 pursuant to Rule 144A and Regulation S under the Securities Act of 1933 (the “Securities Act”).

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Perrigo Company, a leading global healthcare supplier that develops, manufactures and distributes over-the-counter and prescription pharmaceuticals, nutritional products, active pharmaceutical ingredients and consumer products, today announced that is has signed a definitive agreement to acquire substantially all of the assets of Omaha, Neb.-based Sergeant’s Pet Care Products, Inc. for approximately $285 million in cash. The acquisition is slated to close during Perrigo’s fiscal 2013 second quarter pending satisfaction of closing conditions, including receipt of regulatory approvals.

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