Simpson Thacher recently represented Algeco Scotsman, a portfolio company of TDR Capital, in connection with the incurrence of $400 million in aggregate principal amount of PIK loans maturing in May 2018. The loans will bear interest at a rate equal to 15.75% per annum if paid as PIK or 15.00% per annum if paid in cash. The proceeds of the PIK loans will fund a partial redemption of capital, net of transaction fees and expenses, by shareholders.

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McKenna Long & Aldridge LLP (MLA) is pleased to announce that Jonathan A. Ballan has joined the firm as partner in the New York office. Ballan will head the New York Public Finance Group and will co-chair the firm’s Global Infrastructure and Public-Private Partnerships practice.

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Paul Hastings, a leading global law firm, announced today that the firm represented Morgan Stanley & Co. LLC and the other initial purchasers in connection with the Rule 144A offering of $500 million of 5.875% senior notes due 2023 by Dynegy Inc., a producer and distributer of electric energy, capacity and ancillary services in key U.S. markets.

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O’Melveny & Myers LLP is pleased to announce that Zachary H. Smith has joined O’Melveny’s Restructuring Practice as a partner in New York. Smith joins the Firm from Cadwalader following the announcement last week that John J. Rapisardi and George A. Davis, former co-chairs of Cadwalader’s Global Financial Restructuring Department, and former Cadwalader partner Peter M. Friedman were joining O’Melveny.

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Duane Morris LLP is pleased to announce that Bruce Czachor has joined the firm’s Corporate Practice Group as a partner in its New York office. Czachor further strengthens Duane Morris’ capabilities in the areas of domestic and international capital markets, including debt and equity offerings, as well as merger and acquisition transactions. He joins the firm from Orrick, after spending more than 23 years at Shearman & Sterling.

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