In its latest large project financing in the US renewable energy sector, Milbank, Tweed, Hadley & McCloy LLP has represented the lender group in funding the construction of a major new wind farm under development on 18,000 acres in Carson County, located some 30 miles from Amarillo, Texas.
Tags: Milbank LLP | Los Angeles
Dentons is advising the shareholders of NCC Group Limited, a major container terminals operator in Russia, on the sale of 100% of NCC Group’s shares to LSE-listed Russian ports operator Global Ports, for a cash consideration of US$291 million and new shares representing approximately 18% of the enlarged share capital of Global Ports to be issued to the sellers, of which 50% will be in the form of GDRs and 50% will be non-voting shares.
Tags: Dentons | Moscow
BakerHostetler announced today that Christopher A. Pesch joined the firm’s Business Group as Partner in its Chicago office. He comes to BakerHostetler from Polsinelli PC.
Tags: Baker & Hostetler LLP
Dilworth Paxson LLP is pleased to welcome James M. Matour as the newest partner in the firm’s Corporate and Business practice and co-chair of the Bankruptcy Group. He was previously the chair of the Bankruptcy practice at Hangley Aronchick Segal Pudlin & Schiller.
Tags: Dilworth Paxson LLP
The Firm represented Platinum Equity in raising its target of $3.75 billion for Platinum Equity Capital Partners Fund III, L.P. and its related entities. Platinum Equity specializes in the merger, acquisition and operation of companies involved in information technology, telecommunications, logistics, metals services, manufacturing and distribution. The Firm also represented Platinum Equity in connection with its two prior funds.
Tags: Simpson Thacher & Bartlett LLP | Los AngelesSimpson Thacher represented affiliates of JPMorgan Chase Bank, N.A. and Barclays Bank PLC as joint lead arrangers in connection with a $420 million senior term loan facility, a $275 million junior term loan facility and a $200 million asset-based revolving credit facility. JPMorgan and Barclays will act as administrative agents under the term loan facilities. The exit financing was effectuated through a plan of reorganization confirmed by the Bankruptcy Court for the Southern District of New York on August 23, 2013 and was consummated upon Kodak’s exit from bankruptcy.
Tags: Simpson Thacher & Bartlett LLP | New York
Shearman & Sterling will solidify its exceptional standing in the Middle East and in private equity and project development and finance with the return of Marwan Elaraby as Managing Partner-Middle East. Elaraby, a former capital markets partner in the firm’s New York office, served most recently as Managing Director at Citadel Capital, one of the leading private equity firms in the Middle East and Africa. He will be based in the firm’s Abu Dhabi office, where he previously worked with the firm as a project development and finance associate from 1996-1998.
Tags: Shearman & Sterling LLPEdwards Wildman Palmer LLP is pleased to announce that Jinshu “John” Zhang has joined the firm’s office in Los Angeles as a partner. Zhang’s practice encompasses mergers, acquisitions, private placements, public offerings of securities, and other sophisticated business transactions, with a particular emphasis on Chinese outbound investments.
Tags: Los Angeles
Covington & Burling is advising Microsoft Corp. in its purchase of substantially all of Nokia’s devices & services business. Under the transaction, Microsoft will also license Nokia’s patents, and license and use Nokia’s mapping services. The total transaction price is EUR 5.44 billion in cash — or more than $7 billion.
Tags: Covington & Burling | San Francisco
Paul Hastings, a leading global law firm, announced today that the firm represented Shuanghui International Holdings Limited (“Shuanghui”), the owner of China’s largest publicly-traded meat processing enterprise, in entering into a facilities agreement with Bank of China Limited, Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. (also known as Rabobank International), Credit Agricole Corporate and Investment Bank, DBS Bank Ltd., Natixis, The Royal Bank of Scotland plc, Standard Chartered Bank (Hong Kong) Limited and Industrial & Commercial Bank of China (Asia) Limited, whereby Shuanghui will obtain approximately US$4 billion in debt financing to fund its pending acquisition of Smithfield Foods (“Smithfield”) (NYSE: SFD), the largest U.S. publicly-traded pork processor and hog producer.
Tags: Paul Hastings LLP | Hong Kong