Herbert Smith Freehills has advised Sinopec, one of China’s largest energy and petrochemical companies, on the completion of its acquisition of a 49% stake in Canadian company Talisman Energy Inc’s UK North Sea business for $1.5 billion. The deal was signed on 23 July 2012 and closed on 17 December 2012.
Tags: Herbert Smith Freehills LLP | Hong Kong
Davis Polk advised JPMorgan Chase Bank, N.A. as administrative agent and J.P. Morgan Securities LLC as joint lead arranger and bookrunner (JPMorgan) in connection with a $1.1 billion senior secured exit term loan facility for Tribune Company (Tribune) entered into pursuant to Tribune’s chapter 11 plan of reorganization (Plan). Pursuant to intercreditor arrangements with Bank of America, N.A. as administrative agent under a $300 million senior secured exit asset-based revolving credit facility for Tribune, the exit term loan facility is secured on a first priority basis by substantially all assets of Tribune and its subsidiaries (other than accounts receivable and certain related assets (ABL Priority Collateral)) and on a second priority basis by the ABL Priority Collateral.
Tags: Davis Polk & Wardwell | New York
The national law firm of Epstein Becker Green (EBG) today announced that Lee T. Polk, a prominent employee benefits attorney, has joined the firm as a Member in the Employee Benefits practice in the Chicago office.
Tags: Epstein Becker & Green P.C. | New York
Dickinson Wright PLLC, with offices in Michigan, Arizona, Nevada, Ohio, Tennessee, Washington, D.C., and Toronto, Ontario and Mariscal, Weeks, McIntyre & Friedlander, P.A., based in Phoenix, announced today the combination of their law practices. In Arizona the combined firm will operate under the name Dickinson Wright/Mariscal Weeks. The combination is effective January 1, 2013.
Tags: Dickinson Wright PLLC | Phoenix
Goldberg Segalla is pleased to announce Robert A. White has joined the law firm as a partner in its Princeton office. Mr. White’s practice focuses on a wide range of litigation matters, including complex commercial, toxic tort, products liability, insurance recovery, environmental, and trade secrets cases.
Tags: Goldberg Segalla LLP | New YorkEdwards Wildman Palmer LLP is pleased to announce that John Yiu has joined the firm as a litigation partner in Hong Kong. With his experience in complex commercial litigation and arbitration, Yiu will significantly enhance Edwards Wildman’s litigation capabilities in Hong Kong and Asia.
Tags: Hong KongEdwards Wildman Palmer LLP is pleased to announce that Aileen Meehan is a new partner in the firm’s Insurance and Reinsurance Department, where she brings more than 25 years of experience as a corporate transactional lawyer. Meehan will reside in the firm’s office in New York City.
Tags: New York
Hunton & Williams LLP advised a joint venture of Pebblebrook Hotel Trust and Denihan Hospitality Group, which owns six upscale hotels in New York, in its $410 million interest-only, non-recourse secured loan.
Tags: Hunton Andrews Kurth LLP | New York
Shearman & Sterling is advising ArcelorMittal in its agreement pursuant to which ArcelorMittal’s wholly owned subsidiary ArcelorMittal Mines Canada (AMMC) and a consortium led by POSCO and China Steel Corporation (CSC) will enter into a joint venture partnership that will own ArcelorMittal’s Labrador Trough iron ore mining and infrastructure assets. The consortium will acquire a 15% interest in the joint venture for total consideration of $1.1 billion in cash, with AMMC and its affiliates retaining an 85% interest. The transaction is subject to various closing conditions, including regulatory clearance by the Taiwanese Government, and is expected to close in two installments in the first and second quarters of 2013.
Tags: Shearman & Sterling LLP | New York