Cahill represented Barclays, Citigroup, Deutsche Bank Securities, and Morgan Stanley as joint book-running managers and the co-managers in connection with the public offering of $750,000,000 aggregate principal amount of 3.5% Senior Guaranteed Notes due 2019 by Ally Financial Inc. Proceeds from the offering were used for general corporate purposes. More >>
Tags: Cahill Gordon & Reindel LLPMonthly Archives: January 2014
Freshfields advises Warburg Pincus on its acquisition of a majority stake in Source Holdings Limited
National Rural Utilities Cooperative Finance Corporation – $600 Million offering of Collateral Trust Bonds
Hunton & Williams LLP advised J.P. Morgan Securities LLC, Mitsubishi UFJ Securities (USA), Inc., RBC Capital Markets, LLC and SunTrust Robinson Humphrey, Inc., as joint-booking running managers on an SEC registered offering by National Rural Utilities Cooperative Finance Corporation (“CFC”) of $300 million aggregate principal amount of collateral trust bonds due 2017 and $300 million aggregate principal amount of collateral trust bonds due 2019.
Shearman & Sterling Advises Ziggo N.V. on €4 Billion Refinancing in Connection with Acquisition of Ziggo Group by Liberty Global
Shearman & Sterling represented Ziggo N.V. on its refinancing, comprising new €3.3 billion term loan facilities and a new €650 million revolving credit facility in connection with the acquisition of the Ziggo Group by Liberty Global.
Tags: Shearman & Sterling LLPSimmons & Simmons advises on £150m Solar Fund IPO
Simmons & Simmons renewables team is currently advising Europe’s largest solar asset manager, NextEnergy, on the listing of a newly incorporated Guernsey company, NextEnergy Solar Fund. The Fund will look to raise £150 million ($205 million) through a premium listing on the London Stock Exchange main market early this year.
Tags: Simmons & SimmonsSimpson Thacher Represents Deutsche Bank in €120 Million Senior Notes Offering for Cirsa
The Firm recently represented Deutsche Bank AG, London Branch as initial purchaser in an offering of €120 million of 8.75% senior notes due 2018 issued by Cirsa Funding Luxembourg S.A. and guaranteed by Cirsa Gaming Corporation, S.A. (“Cirsa”) and certain of its subsidiaries.
Tags: Simpson Thacher & Bartlett LLPWillkie Advises on $2.4 Billion Sale of Sedgwick Claims Management Services
On January 27, Sedgwick Claims Management Services, Inc., a leading provider of technology-enabled claims and productivity management solutions, announced that KKR, together with management, have signed an agreement to acquire majority ownership of Sedgwick for approximately $2.4 billion from its current group of investors, which includes Hellman & Friedman LLC and Stone Point Capital LLC. Willkie is representing Sedgwick’s senior management team in the transaction. Based in Memphis, Sedgwick and its affiliated companies deliver cost-effective claims, productivity, managed care, risk consulting and other services to clients through the expertise of its more than 11,000 colleagues in about 200 offices in the U.S. and Canada. KKR is a leading global investment firm with approximately $90.2 billion in assets under management (as of September 30, 2013). More >>
Tags: Sedgwick LLPSimpson Thacher Represents Summit Materials in $260 Million High Yield Debt Offering
The Firm recently represented Summit Materials, LLC and Summit Materials Finance Corp., as co-issuers in connection with a Rule 144A/Regulation S offering of $260 million aggregate principal amount of their 10.5% senior notes due 2020. The notes were issued as additional notes under an existing indenture pursuant to which $250 million aggregate principal amount of 10.5% senior notes due 2020 were issued in January 2012. The net proceeds from the offering were used to finance Summit’s acquisition of Alleyton Resource Corporation, to repay borrowings under Summit’s revolving credit facility, to pay fees and expenses and for general corporate purposes.
Tags: Simpson Thacher & Bartlett LLPTravers Smith acts on IP Group’s capital raising of up to £100million and its recommended all-share offer for Fusion IP
Travers Smith Corporate Partner Andrew Gillen and Corporate Senior Associate Daniel Simons have advised Numis Securities Limited as sole sponsor, financial adviser, underwriter and broker on IP Group plc’s (“IP Group”) £75 million firm placing, placing and open offer and offer for subscription (the “Capital Raising”) and as sole sponsor and financial adviser in connection with IP Group’s recommended all-share offer for Fusion IP plc (“Fusion IP”) (the “Acquisition”).
Tags: Travers SmithSimpson Thacher Represents Initial Purchasers in US$300 Million Sovereign Debt Offering for The Bahamas
The Firm recently represented J.P. Morgan Securities LLC and RBC Capital Markets, LLC as initial purchasers in connection with the US$300 million offering of 5.750% Notes due 2024 issued by The Commonwealth of The Bahamas. The sovereign debt offering was conducted in reliance on Rule 144A and Regulation S.
Tags: Simpson Thacher & Bartlett LLP