Nixon Peabody advises Gannett in television station deal

Gannett Co., Inc. (NYSE: GCI) today completed the previously announced sale of KTVK-TV and KASW-TV in Phoenix, AZ, to Meredith Corporation (NYSE: MDP). Gannett and Sander Media LLC conveyed assets to Meredith acquired following the December 2013 Gannett-Belo transaction. This completes the sale of stations to Meredith that was previously announced in December of 2013. The total sale price of the combined stations (those in Phoenix and KMOV-TV in St. Louis) was $407.5 million in cash.

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Paul Hastings Advises Banks on $340 Million LMI Aerospace, Inc. Financing

Paul Hastings LLP, a leading global law firm, announced today that the firm represented Royal Bank of Canada, Wells Fargo Bank National Association and SunTrust Robinson Humphrey, Inc. and their respective affiliates in connection with the refinancing of LMI Aerospace, Inc.’s existing credit facility through a replacement $90 million first-priority revolving credit facility and the issuance of $250 million second-priority senior secured notes. LMI Aerospace, Inc. is a leading supplier of complex structural assemblies, components and kits and provider of design engineering services to the aerospace and defense markets.

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Cooley Advises ProteinSimple in $300 Million Sale to Techne Corporation

Cooley LLP announced today that it is advising ProteinSimple on its sale to Techne Corporation (d/b/a Bio-Techne) for $300 million. ProteinSimple develops and commercializes proprietary systems and consumables for protein analysis that ultimately help reveal new insights into the true nature of proteins. Techne Corporation is a global life sciences company providing innovative bioactive tools and resources for the research and clinical diagnostic communities.

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Shearman & Sterling Advises Initial Purchasers on £175 Million High Yield Notes Offering of Bibby Offshore Services Plc

Shearman & Sterling represented Credit Suisse Securities (Europe) Limited and Barclays Bank PLC, as initial purchasers and joint bookrunners, in connection with the offering of £175 million 7.50% senior secured notes due 2021 issued by Bibby Offshore Services Plc, a wholly owned subsidiary of Bibby Offshore Holdings Limited (“Bibby”). The net proceeds from the issue and sale of the Notes will be used to refinance existing debt obligations of Bibby and its subsidiaries, to pay a dividend, to pay fees and expenses and for general corporate purposes. The Senior Secured Notes will be guaranteed on a senior basis by certain subsidiaries of Bibby Offshore Holdings Limited. The offering, which was conducted pursuant to Regulation S and Rule 144A under the US Securities Act, closed on June 19, 2014. Additionally, Shearman & Sterling’s lawyers advised Barclays Bank PLC as agent in connection with Bibby’s entry into a new £20 million revolving credit facility agreement.

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Firm Represents Men’s Wearhouse in Closing of $1.8 Billion Acquisition of Jos. A. Bank

Willkie client The Men’s Wearhouse announced the successful completion of its previously announced acquisition of Jos. A. Bank Clothiers, Inc.  The acquisition was effected through the all-cash tender offer by Men’s Wearhouse’s wholly owned subsidiary, Java Corp., to acquire all of the issued and outstanding shares of common stock (including associated stock purchase rights) of Jos. A. Bank for $65.00 net per share in cash, or total consideration of $1.8 billion.
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Clifford Chance Advises Hanhua FInancial on its HK$1.86 Billion IPO

Leading international law firm Clifford Chance has advised Hanhua Financial Holding Co., Ltd. on its HK$1.86 billion (approx. US$ 239 million) listing on on the Main Board of The Stock Exchange of Hong Kong Limited. A total of 1.15 billion shares were sold at HK$1.62 per share. CICC and China Galaxy acted as joint sponsors and bookrunners.

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Chadbourne Advises AES Corporation on Sale of Assets in Cameroon

Chadbourne & Parke represented the AES Corporation (AES), a global power company, in connection with the sale of its entire interest in three businesses in Cameroon to emerging markets investor Actis for US$202 million. The sale was completed on June 12, 2014. The transaction included the sale of a 56 percent equity interest in Société Nationale d’Electricité, Cameroon’s integrated electricity utility, and in two independent power plants: Kribi, a 216 MW gas-fired power plant, and Dibamba, an 86 MW heavy fuel oil-fired plant, in Cameroon.

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