Monthly Archives: September 2014

Davis Polk Advises Morgan Stanley on $2.25 Billion Subordinated Notes Offering

Wednesday, September 10, 2014

Davis Polk advised Morgan Stanley in connection with its SEC-registered global offering of $2.25 billion aggregate principal amount of 4.35% subordinated notes due September 8, 2026. The underwriters for the offering were led by Morgan Stanley & Co. LLC, and included Mitsubishi UFJ Securities (USA), Inc., ABN AMRO Securities (USA) LLC, Apto Partners, LLC, Banca IMI S.p.A., BMO Capital Markets Corp., BNY Mellon Capital Markets, LLC, Commerz Markets LLC, HSBC Securities (USA) Inc., ING Financial Markets LLC, KeyBanc Capital Markets Inc., Lloyds Securities Inc., Mischler Financial Group, Inc., Natixis Securities Americas LLC, Scotia Capital (USA) Inc., SG Americas Securities, LLC, SunTrust Robinson Humphrey, Inc., TD Securities (USA) LLC and U.S. Bancorp Investments, Inc. More >>

Tags:  Davis Polk & Wardwell LLP | New York

Goodwin Procter Advises Investor Consortium in Rakuten’s $1 Billion Acquisition of Ebates

Wednesday, September 10, 2014

Goodwin attorneys recently advised an investor consortium in connection with Rakuten Inc.’s announced $1 billion cash acquisition of retail website Ebates. The investor group, which together owns a substantial majority of Ebates, includes August Capital, Canaan Partners and Foundation Capital. The transaction is expected to close in October 2014. More >>

Tags:  Goodwin Procter LLP | Tokyo

Kleinberg Kaplan Bolsters Litigation & Risk Management Practice with Addition of Partner Steven R. Popofsky

Wednesday, September 10, 2014

Steven R. Popofsky has joined the firm as a partner in the Litigation and Risk Management department. With over 32 years in practice, Popofsky represents corporations, partnerships, private investment funds, individuals and family entities in a variety of complex and business litigation and arbitration matters. Popofsky previously was a litigation partner at Moses & Singer in New York. More >>

Tags:  New York

Shearman & Sterling Advises on Financing Commitment for Select Income REIT Acquisition of Cole Corporate Income Trust

Tuesday, September 9, 2014

Shearman & Sterling represented Citibank, N.A., as joint lead arranger and administrative agent, in providing $1 billion in financing commitments for the announced $3 billion acquisition by Select Income REIT (NYSE: SIR) of Cole Corporate Income Trust (CCIT) through a merger transaction. UBS Securities LLC will act as a joint lead arranger in the financing.

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Tags:  Shearman & Sterling LLP

Cahill Represents Underwriters in $3 Billion Notes Offering by T-Mobile

Tuesday, September 9, 2014

Cahill represented Deutsche Bank Securities, Citigroup, Credit Suisse, and J.P. Morgan as joint book-running managers and the co-managers in connection with the public offering of $3,000,000,000 of Senior Notes, comprised of $1,300,000,000 6.000% aggregate principal amount of Senior Notes due 2023 and $1,700,000,000 aggregate principal amount of 6.375% Senior Notes due 2025 by T-Mobile USA, Inc. Proceeds from the offering were used for general corporate purposes.
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Tags:  Cahill Gordon & Reindel LLP

Davis Polk Advises Electrolux on Its Acquisition of GE Appliances

Tuesday, September 9, 2014

Davis Polk is advising AB Electrolux in connection with its $3.3 billion acquisition of the appliances business of General Electric. The acquisition includes a 48.4% shareholding in the Mexican appliance company Mabe, as well as a long term license agreement for the GE Appliances brands. The transaction, which is expected to close during 2015, is subject to regulatory approvals.

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Tags:  Davis Polk & Wardwell LLP