Dentons announced that it has advised Emirates Steel Industries (ESI) and Senaat on their recent US$1.3 billion refinancing. The transaction is one of the largest to have closed in the UAE this year and involves an innovative hybrid corporate/project financing structure which allowed ESI to obtain highly competitive terms. Both international and local banks participated in the financing, which contained conventional and Islamic tranches.
Tags: Dentons | Dubai
Akin Gump advised Metropolitan Edison Company (Met-Ed) and Pennsylvania Electric Company (Penelec), wholly owned subsidiaries of FirstEnergy Corp., with respect to the issuance by Met-Ed of $250 million aggregate principal amount of its 4.000 percent senior unsecured notes due 2025 and the issuance by Penelec of $200 million aggregate principal amount of its 4.150 percent senior unsecured notes due 2025. The notes were offered in transactions exempt from registration pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended.
Tags: Akin Gump Strauss Hauer & Feld LLP
Cahill represented Deutsche Bank Securities, RBS and the other underwriters in connection with the public offering of $1,600,000,000 comprised of $800,000,000 aggregate principal amount of 3.65% Notes due 2024 and $800,000,000 aggregate principal amount of 4.80% Notes due 2044 by International Paper Company. Cahill also represented the dealer managers in connection with the tender offer for up to an aggregate principal amount of $1,000,000,000 of International Paper’s outstanding 7.95% notes due 2018 and 9.375% notes due 2019.
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Orrick is advising Metrovacesa SA on the sale of its 26.74 percent stake in the French real estate investment trust Gecina SA for 1.55 billion euros (US$2.11 billion) to a group of investors, which include Norges Bank, Credit Agricole Assurances, Blackstone and Ivanhoe Cambridge.
Dentons announced that it has advised Emirates Steel Industries (ESI) and Senaat on their recent US$1.3 billion refinancing. The transaction is one of the largest to have closed in the UAE this year and involves an innovative hybrid corporate/project financing structure which allowed ESI to obtain highly competitive terms. Both international and local banks participated in the financing, which contained conventional and Islamic tranches.
Tags: Dentons | Dubai
Cahill represented the sole book-running manager in connection with the secondary public offering by Nielsen Holdings N.V. (NYSE: NLSN), valued at $944,000,000. The offering made available 20,000,000 shares of common stock. The selling stockholders received all of the proceeds of the sale.
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On June 9, 2014, Eagle Bancorp, Inc. (“Eagle”) (NASDAQ: EGBN), the parent company of EagleBank (“EagleBank”), and Virginia Heritage Bank (“VHB”) (OTCQB: VGBK) announced that they have entered into a definitive agreement (the “Agreement”) pursuant to which VHB will be merged into EagleBank, with EagleBank being the surviving institution. The merger will accelerate Eagle’s growth with the addition of VHB’s 6 branches, which are all located in the attractive Northern Virginia market. At March 31, 2014, VHB had approximately $917.4 million in assets, $715.8 million in net loans and $737.1 million in deposits.
Appleby acted as Bermuda counsel to Energy XXI (Bermuda) Limited (“Energy XXI”) (Nasdaq:EXXI) (AIM:EXXI) in its USD2.2bn merger with EPL Oil & Gas, Inc. (“EPL”) (NYSE:EPL), a union that creates the only publically traded, pure-play oil and gas exploration company in the shallow water section of the U.S. Gulf of Mexico. The new enterprise has an enterprise value of USD6bn.
Tags: Appleby