Cahill represented Citigroup Global Markets Inc. as lead initial purchaser and the other initial purchasers in connection with the Rule 144A/Reg S offering of $750,000,000 aggregate principal amount of 9% Senior Secured Notes by an escrow subsidiary to be assumed by Caesars Entertainment Operating Company, Inc. Upon release from escrow, proceeds from the offering were used to refinance existing indebtedness.
Tags: Cahill Gordon & Reindel LLP | New York
Jackson Walker L.L.P. represented J.B. Poindexter & Co., Inc. in the successful completion of a $25 million 144A senior debt offering on August 20, 2012.
Tags: Jackson Walker, LLP | HoustonOn August 13, 2012, Andrews Kurth LLP, a recognized leader in the diversity and inclusion arena, filed an Amicus Briefon behalf of its client the Houston Community College System (“HCC”) in support of the Respondents in Fisher v. University of Texas at Austin, et al., Case No. 11-345, now pending before the United States Supreme Court. Oral arguments are scheduled for October 10, 2012.
Tags: | Houston
On August 21, 2012, the U.S. Bankruptcy Court for the Southern District of Texas granted Houston-based ATP Oil & Gas Corp. preliminary approval for a $617.6 million debtor-in-possession loan. Judge Marvin Isgur approved interim access to the financing, which provides $250 million in “new money” and a roll-up of $367.6 million in pre-petition first-lien debt. This is one of the largest announced DIP facilities to date in 2012. Cravath represented Credit Suisse AG, as arranger. ATP filed for bankruptcy on August 17, citing the 2010 Deepwater Horizon oil rig explosion in the Gulf of Mexico and the subsequent drilling moratorium.
Tags: Cravath, Swaine & Moore LLP
The Firm represented the underwriters, led by J.P. Morgan, Morgan Stanley and RBC Capital Markets, in a public offering of $250 million of 6.25% Senior Notes due 2042 by Domtar Corporation. The Notes are guaranteed by certain subsidiaries of Domtar Corporation.
Tags: Simpson Thacher & Bartlett LLP | New YorkThis week has seen the announcement of several major job changes in the nation’s capital. Crowell & Moring has recruited tax partners Donald M. Griswold and Walter Nagel, Leonard Chanin rejoins Mofo, and John C. Richter is back at K&S.
Crowell & Moring LLP has expanded its Tax Group with the addition of two nationally recognized partners in the firm’s Washington, D.C. office. Donald M. Griswold and Walter Nagel are moving their practices from Reed Smith LLP to Crowell & Moring, where they will provide counseling to Fortune 500 clients on state and local tax (SALT) matters, including mergers and acquisitions, state tax planning, and audit defense and litigation. Griswold and Nagel will also be joined by an associate.
Tags: Crowell & Moring LLP
Bracewell & Giuliani LLP represented Canyon Partners LLC in the $200 million acquisition of Houston Pavilions, a mixed-use complex. Investment manager Canyon Partners LLC is partnering with basketball legend Earvin “Magic” Johnson in a private equity venture, one that has teamed up with Texas developer Midway Cos. for this particular acquisition.
Tags: Bracewell LLP | HoustonBracewell & Giuliani LLP represents Citigroup, as lead arranger and administrative agent, in a $225 million term loan acquisition financing to a joint venture between Boardwalk Pipeline Partners and its general partner Loews Corporation, in connection with the acquisition of PL Midstream LLC from PetroLogistics. PL Midstream provides salt-dome storage, pipeline transportation, fractionation and brine supply services for producers and consumers of natural gas liquids, natural gas, and petrochemical through southern Louisiana.
Tags: Bracewell LLP | Houston
Goodwin Procter, a national Am Law 50 firm, announced today that Lawrence M. Chu has joined the firm’s Business Law Department in its Silicon Valley office as a member of Goodwin’s Technology Companies, M&A/Corporate Governance and Private Equity Practices. He will focus on mergers and acquisitions, dispositions and corporate finance transactions in the technology, Internet, digital media, financial technology, e-commerce and biotech industries, and will help to lead the growth of the technology M&A practice on the West Coast. Chu joins Goodwin from Wilson Sonsini Goodrich & Rosati in San Francisco where he was a partner.
Tags: Goodwin Procter LLP | Silicon Valley