Shearman & Sterling advised Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Bank Plc, J.P. Morgan Securities LLC and Morgan Stanley Senior Funding, Inc. as joint lead arrangers and joint bookrunners in connection with a $5 billion five-year credit facility for Abbott Laboratories. The Shearman & Sterling team included partner Maura O’Sullivan (New York-Finance), counsel Susan Hobart (New York-Finance) and associate Spencer Barrowes (New York-Finance).
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DLA Piper has advised Oando, the Nigeria-based integrated energy solutions provider, on the $1.65 billion acquisition of ConocoPhillips’ offshore and onshore assets in Nigeria and the associated reserve-based, multi-source financing.
This acquisition will make Oando one of the largest indigenous oil producers both in Nigeria and Africa as a whole.
Tags: DLA Piper
Drew & Napier is acted for Swissco Holdings Limited, in relation to its proposed acquisition of Scott and English Energy Pte. Ltd., a fast-growing international rig owner, for a purchase consideration of S$285 million to be satisfied by the allotment and issue of shares in Swissco Holdings Limited.
Tags: Drew & Napier LLC
Macfarlanes has advised the Industrial Property Investment Fund, the largest industrial property fund in the UK, on a £350m refinancing deal. The fund is managed by Legal & General Property.
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Milbank, Tweed, Hadley & McCloy LLP represented the underwriters BB Securities Ltd., Banco Bradesco BBI S.A., Banco BTG Pactual S.A. – Cayman Branch, Deutsche Bank Securities Inc., HSBC Securities (USA) Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated in the $500 million offering of 7.250% notes due July 2024 by Caixa Econômica Federal.
Tags: Milbank LLP | Sao Paulo
Akin Gump advised Newfield Exploration Company in a deal announced July 29, in which the company signed a $588 million purchase and sale agreement for its Granite Wash assets to Oklahoma City-based Templar Energy LLC (operating through Le Norman Operating LLC). The sale will have an effective date of July 1, 2014, and is expected to close in the third quarter of 2014.
Tags: Akin Gump Strauss Hauer & Feld LLP | Houston
Davis Polk is advising JPMorgan Chase & Co. in connection with its sale of a portfolio of loans and other securities from J.P. Morgan’s Global Special Opportunities Group to Sankaty Advisors, LLC. The portfolio contains mezzanine loans in North America and Europe, as well as loans and related special situations investments in Australia and across Asia, with an aggregate value of approximately $1.3 billion. The transaction, which is expected to close by the end of 2014, is subject to borrower and regulatory approvals.
Tags: Davis Polk & Wardwell