Mayer Brown represented international chemical group Solvay in its acquisition of the Ryton® PPS (polyphenylene sulphide) business from US-based petrochemical company Chevron Phillips Chemical Company for $220 million. Ryton® PPS replaces metal parts to make cars lighter and more energy efficient. The transaction expands Solvay’s offering of high-performance polymers.
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Milbank, Tweed, Hadley & McCloy LLP announced that it has represented the dealer managers in a pair of private exchange offers conducted by Verizon Communications Inc., one of which is the largest debt exchange offer on record. The transactions allow Verizon to take advantage of the current low interest rates and low borrowing costs while also extending and spreading out the maturity of its debt.
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Herbert Smith Freehills has acted as global counsel to a group of 13 lenders providing $450m of reserved-based funding to Oando Energy Resources Inc. (“Oando”). The financing helped secure Oando’s $1.65 billion acquisition of various Nigerian onshore and offshore oil and gas assets from ConocoPhillips, the most notable of these assets being a 20% stake in the OML 60, 61, 62 & 63 assets. Herbert Smith Freehills was also appointed as escrow agent to conclude the acquisition between Oando and ConocoPhillips.
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Jackson Lewis P.C., one of the largest workplace law firms in the world representing management, is pleased to announce Christopher J. Johnson has joined the firm’s Milwaukee office as Shareholder. Mr. Johnson, who joins the firm from Beck, Chaet, Bamberger & Polsky, S.C., brings with him over two decades of experience in employment and labor law.
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Morgan Lewis advised Buckeye Partners, L.P., a publicly traded master limited partnership that owns and operates one of the largest independent networks of liquid petroleum products pipelines and terminals in the U.S., in the signing of a definitive agreement to acquire an 80% interest for $860 million in a company that will be owned jointly with Trafigura AG.
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Leading offshore law firm Mourant Ozannes has advised SNC-Lavalin Group Inc. on its takeover of FTSE 250 company Kentz Corporation Limited.
The takeover, which was implemented by way of a Jersey court sanctioned scheme of arrangement, valued Kentz at approximately £1.2 billion.
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Porzio, Bromberg & Newman P.C., a leading regional law firm serving clients nationally and in Europe, today announced the opening of a new Washington DC office. The new office will be led by Kevin Bell, Scott Chambers and Richard Oparil, intellectual property lawyers who are joining the firm from Squire Patton Boggs, with Porzio principal Timothy Ayers. They will be supported by others from Squire Patton Boggs who are joining Bell, Chambers and Oparil, for a total of at least 12 lawyers and professionals. The office is located at 1200 New Hampshire Avenue, NW, Washington, DC. Porzio has existing offices in New Jersey, New York and Massachusetts.
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Shearman & Sterling advised International Finance Corporation (IFC), Export Development Canada (EDC), ING Capital LLC, Caterpillar Financial Services Corporation and The Bank of Nova Scotia, as senior lenders, in connection with the $185 million financing, consisting of two tranches, a $160 million facility and a $25 million cost overrun facility, related to the construction and development of the Aurora Gold project, located in Guyana, South America.
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Skadden is advising Compuware Corporation in its $2.5 billion acquisition by private equity investment firm Thoma Bravo, LLC, announced September 2.
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Herbert Smith Freehills has advised Members Equity Bank Limited (ME Bank) in relation to its offer of new Tier 2 Floating Rate Unsecured and Subordinated Notes, which were issued on 29 August 2014.
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