Gilbert + Tobin is acting as issuer’s counsel to Spotless Group Holdings Limited, on its initial public offering and listing on ASX.  The indicative price range set out in the prospectus lodged with ASIC today implies an enterprise value of between approximately $2.37 billion and $2.55 billion for Spotless on listing.

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King & Spalding advised Turkiye Finans Katilim Bankasi A.S., one of the leading Turkish participation banks, in relation to the issuance of US$500 million senior unsecured certificates due 2019, listed on the Irish Stock Exchange. The certificates are issued through TF Varlik Kiralama A.S., a Turkish incorporated asset leasing company.

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Cravath represented the underwriters, led by Morgan Stanley and Citigroup, in connection with the US$3.0 billion registered high‑yield senior debt offering of Chesapeake Energy Corporation, the second‑largest producer of natural gas and the 10th largest producer of oil and natural gas liquids in the United States. The transaction closed on April 24, 2014. Cravath also represented Morgan Stanley and Citigroup as dealer managers for a concurrent senior notes tender offer by Chesapeake Energy Corporation.

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Herbert Smith Freehills has advised Thailand state-owned PTT Exploration and Production Public Company Limited (PTTEP) on its US$1 billion acquisition of oil and gas assets in Thailand from New York-based Hess Corporation (Hess).

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King & Spalding advised medical device maker Zimmer Holdings, Inc., on the regulatory aspects of the company’s $13.4 Billion acquisition of Biomet, Inc., in a deal that will make Zimmer the second-largest company in the muscle and orthopaedic injury treatment market. The deal is expected to close in the first quarter of 2015.

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Milbank, Tweed, Hadley & McCloy represented Citigroup Global Markets and BofA Merrill Lynch as initial purchasers in a $250 million bond offering by Kimberly-Clark de México, S.A.B. de C.V. (KCM), the first time in 15 years that the Mexican consumer products company has accessed international capital markets. This is also the lowest yield- to-maturity of any Mexican or Latin American corporate bond to date.

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Shearman & Sterling advised the initial purchasers, led by Merrill Lynch, Pierce, Fenner & Smith Incorporated, and with Houlihan Lokey Capital, Inc., as joint bookrunning managers, in connection with the private placement by Wise Metals Intermediate Holdings LLC (“Wise Intermediate”) and Wise Holdings Finance Corporation of $150 million aggregate principal amount of their 9.75%/10.5% Senior PIK Toggle Notes due 2019. A substantial portion of the net proceeds from the notes offering will be used to fund a dividend distribution to, or repurchase of equity interests of, equity holders of Wise Metals Holdings LLC (“Wise Group”), the direct parent of Wise Intermediate, and the remainder will be used for general corporate purposes, including the repayment of $22.5 million of outstanding indebtedness under an asset-based revolving credit facility of Wise Alloys LLC, the company’s subsidiary.

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The Firm recently represented Japan’s Mizuho Bank, Ltd., as Issuer, and Mizuho Financial Group, Inc., as Guarantor, in connection with the offerings of US$500 million of 1.30% Senior Notes due 2017, US$1.5 billion of 2.45% Senior Notes due 2019, US$500 million of 3.75% Senior Notes due 2024 and US$500 million of Senior Floating Rate Notes due 2017, each pursuant to Rule 144A and Regulation S under the Securities Act.  Mizuho Securities USA Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Goldman, Sachs & Co. and J.P. Morgan Securities LLC were the Joint Lead Managers for the offering. Mizuho Bank, Ltd. is one of Japan’s largest banks and is a wholly-owned subsidiary of Mizuho Financial Group, Inc., one of Japan’s largest banking groups.

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Cahill represented Morgan Stanley and J.P. Morgan as joint book-running managers, Credit Suisse and Itaú BBA as senior lead managers and the co-managers in connection with the Rule 144A offering of $375,000,000 aggregate principal amount of 7.250% Senior Notes due 2022 by Navios South American Logistics Inc. and Navios Logistics Finance (US) Inc. Proceeds were used to refinance existing indebtedness and for general corporate purposes. Cahill also represented Morgan Stanley as dealer manager and solicitation agent for the concurrent tender offer and consent solicitation for any and all of Navios’s outstanding 9.25% Senior Notes due 2019. More >>

On April 24, 2014, Zimmer Holdings, Inc. and Biomet, Inc. announced that their respective Boards of Directors have approved a definitive agreement under which Zimmer will acquire Biomet in a cash and stock transaction valued at approximately $13.35 billion, including the assumption of net debt. Cravath represented Credit Suisse in connection with the arrangement of committed financing for the acquisition. The transaction, which is subject to customary closing conditions and regulatory approvals, is expected to close in the first quarter of 2015.

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