Simpson Thacher recently represented Aeropuertos Dominicanos Siglo XXI (Aerodom), which is controlled by affiliates of private equity firm Advent International, in the offering of $550 million aggregate principal amount of 9.250% Senior Secured Notes due 2019. The notes are unconditionally guaranteed by Latin American Airports Holdings Ltd. (LAAH), Aerodom’s parent, and other intermediate holding companies. This offering represents the largest ever bond transaction by a Dominican corporate issuer.

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Chadbourne represented J.P. Morgan as sole initial purchaser in connection with a $550 million senior secured bond offering for Aeropuertos Dominicanos Siglo XXI, S.A., the principal airport concessionaire in the Dominican Republic. The bonds are guaranteed by Latin American Airports Holdings Ltd., a Bermuda company whose other principal subsidiary is Imobiliaria Fumisa, S.A. de C.V., a Mexican company that owns the master lease at the Mexico City airport’s Terminal 1, as well as certain of its subsidiaries. Latin American Airports Holdings Ltd. is 86% owned by funds managed by affiliates of Advent International, one of the world’s leading private equity firms.

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Shearman & Sterling represented Morgan Stanley & Co. LLC (Global Coordinator), Barclays Capital Inc., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated as representatives of the initial purchasers in connection with AbbVie Inc.’s Rule 144A offering of $14.7 billion of senior notes in six tranches (including a tranche sold primarily by Morgan Stanley, as selling noteholder, in connection with a debt for debt exchange with Abbott), representing the largest-ever dollar-denominated debt issue in the high-grade market. Following several months of preparation, the deal was executed in a single day on Monday November 5, 2012 following a week of financial market disruption associated with Hurricane Sandy.

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Shearman & Sterling advised Morgan Stanley Senior Funding, Inc. as administrative agent, bookrunner and arranger, along with Merrill Lynch, Pierce, Fenner & Smith Incorporated, Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc. as bookrunners and arrangers, in connection with a $720 million financing, consisting of a $525 million first lien term loan and a $195 million second lien term loan, related to the leveraged acquisition of Smart & Final by Ares Management.

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Shearman & Sterling represented Johannesburg-based Sasol Limited on its inaugural US dollar bond offering. The investment grade $1 billion 4.50% notes due 2022 were issued by Sasol’s wholly-owned finance subsidiary Sasol Financing International Plc and are fully and unconditionally guaranteed by Sasol Ltd. The offering was made in an SEC-registered offering in the US pursuant to a shelf registration statement, and the bonds are listed on the New York Stock Exchange.

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Mayer Brown advised longtime client and private equity firm The Jordan Company on the acquisition by its affiliate, The Resolute Fund II SIE, L.P., of Sequa Automotive Group from Sequa’s parent company, Sequa Corporation. Terms of the transaction were not disclosed.

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