Shearman & Sterling represented Citigroup Global Markets Inc. and Deutsche Bank Securities Inc., as Joint Lead Managers and Joint Bookrunners, in connection with the Republic of El Salvador’s Regulation S/Rule 144A offering of US$800,000,000 aggregate principal amount of 6.375% Notes due 2027. More >>
Tags: Shearman & Sterling LLP | New York | WashingtonDresser-Rand Group Inc. (“Dresser-Rand” or the “Company”) (NYSE: DRC), a global supplier of rotating equipment and aftermarket parts and services, announced yesterday that it has entered into a definitive merger agreement with Siemens under which Siemens will acquire all of the outstanding shares of Dresser-Rand common stock for $83.00 per share in cash.
The transaction is valued at approximately $7.6 billion, including the assumption of debt. The price represents a premium of 37.4 percent over Dresser-Rand’s closing share price of $60.42 on July 16, 2014, the day before speculation in the press appeared regarding interest in Dresser-Rand. Additional per share cash consideration of $0.55 shall be applied on the first day of each month starting March 1, 2015, until the closing occurs. More >>
Tags: Washington
Paul Hastings LLP, a leading global law firm, announced today that the firm represented Citigroup Global Markets, Inc., Barclays, Goldman Sachs Bank USA, Morgan Stanley Senior Funding, Inc. and Natixis, New York Branch as lead arrangers and Citibank, N.A. as administrative agent in connection with a $550 million incremental add-on to Templar Energy LLC’s second lien credit facility. The proceeds were used primarily for the purchase of Granite Wash assets from Newfield Exploration Co. More >>
Tags: Paul Hastings, LLP | New York
SorinRand, leading advisor to early stage and emerging growth companies in technology and tech-enabled industries and the investors who support them, is joining forces with McCarter & English. The transaction, which becomes effective October 1, will give the combined firm nine offices and approximately 425 attorneys. It will continue to be known as McCarter & English. More >>
Tags: McCarter & English, LLP
Milbank, Tweed, Hadley & McCloy LLP, led by Global Securities partner Arnold Peinado, Transportation and Space partners Hugh Robertson and Jim Pascale and Global Securities special counsel Kevin MacLeod, acted as US counsel to the underwriters in a public offering of $956 million aggregate face amount of enhanced equipment trust certificates (“EETCs”) by American Airlines, Inc. (“American”). More >>
Tags: Milbank LLP | New York
Clyde & Co has obtained the formal approval from the authorities in the Kingdom of Saudi Arabia (KSA) that will enable it to open a fully integrated Clyde & Co office in Riyadh.
Clyde & Co has been providing advice and assistance to its clients in relation to their operations in Saudi Arabia via its associated law firm in Riyadh, Abdulaziz Al-Bosaily Law Office, since 2009. The move to a fully integrated Clyde & Co office is a major step forward for Clyde & Co in KSA providing a solid platform for further expansion of its KSA business. The firm will be only one of two global law firms operating in KSA to move away from the traditional associated office structure. More >>
Tags: Clyde & Co LLP | RiyadhShearman & Sterling represented Citigroup Global Markets Inc. and J.P. Morgan Securities LLC as joint lead arrangers and joint book managers in connection with a $10 billion 364-day credit facility for Johnson & Johnson. More >>
Tags: Shearman & Sterling LLP | New York
The Firm recently represented Pinnacle Foods Inc. (“Pinnacle Foods”) and the selling stockholders, consisting primarily of certain funds affiliated with The Blackstone Group, L.P., in connection with a secondary offering of 15,000,000 shares of common stock of Pinnacle Foods by the selling stockholders for aggregate gross proceeds of approximately $478.5 million. More >>
Tags: Simpson Thacher & Bartlett LLP | New YorkJenner & Block represented Brown Jordan International in financing matters related to Brown Jordan’s acquisition of Tropitone Furniture Co., Inc. Brown Jordan owns and operates companies that serve the indoor and outdoor furniture industries. The company offers a wide range of furniture products and accessories under various brands. The acquisition combines leading providers of outdoor casual furniture with the retail and hospitality markets into a company generating consolidated net sales of nearly $400 million. The combined company will be headquartered in Florida. News of the acquisition was reported in the Miami Herald and Furniture World, among other outlets. More >>
Tags: Miami
DLA Piper has advised Blackstone on the acquisition of a pan-European portfolio of 18 logistics assets from SEB Investment GmbH (‘SEB’), valued in excess of €275 million. The transaction is the most geographically diverse logistics portfolio to ever be sold in Europe.
The 18 property portfolio is spread across eight European countries: Austria; France; Germany; Hungary; the Netherlands; Norway; Spain and the United Kingdom. More >>
Tags: DLA Piper | Amsterdam | Vienna