International Corporate Lawyer Gabriel Monzon-Cortarelli Joins Seyfarth in New York

Seyfarth Shaw LLP announced today the arrival of partner Gabriel Monzon-Cortarelli to the firm’s Corporate department in New York. Monzon-Cortarelli joins Seyfarth from Greenberg Traurig LLP where he was a shareholder in the Corporate & Securities practice and headed the firm’s Italian Desk.

Monzon-Cortarelli’s practice is focused on corporate, corporate finance and commercial transactions involving public and privately held US, European and Latin America companies. Specifically, he handles complex cross-border mergers, joint ventures and strategic alliances involving US, European and Latin America businesses. In addition, he advises on international capital market offerings for European and Latin American issuers and underwriters. More >>

Tags:  Seyfarth Shaw LLP | New York

Hilton Worldwide Completes $2.7 Billion Secondary Offering

The Firm represented Hilton Worldwide Holdings Inc. in connection with a $2.7 billion secondary offering by certain selling stockholders affiliated with The Blackstone Group L.P., consisting of 90,000,000 shares of common stock at a public offering price of $29.85 per share. More >>

Tags:  New York

Littler’s Cleveland Office Lands Two New Shareholders

Littler, the world’s largest employment and labor law practice representing management, continues to attract top talent with the addition of Shareholders Patricia Krewson and Ryan Morley. Krewson and Morley, formerly with Jackson Lewis, will join the firm’s growing Cleveland office. The duo follows lateral shareholder groups that joined the firm earlier this year in Atlanta and Portland, Maine.

“Trish and Ryan offer a powerful combination of cross-industry knowledge and litigation and arbitration experience. We are fortunate to have them as part of the Littler team in Cleveland,” said Bradley Sherman, Cleveland’s office managing shareholder. “Their deep connections to the local business community and stellar reputations in the industry will certainly enhance our presence in Cleveland and beyond.” More >>

Tags:  Littler Mendelson P.C. | Cleveland

Clifford Chance advises a consortium of lenders in relation to Glencore’s USD15.25 billion Revolving Credit Facilities

International law firm Clifford Chance has advised a consortium of 60 lenders in relation to Glencore’s USD15.25 bn revolving credit facilities, with HSBC acting as sole coordinators.

The deal involved the refinancing of Glencore’s existing revolving credit facilities signed in June 2014, comprising of a new USD8,450,000,000 revolving credit facilities agreement and an amendment to an existing facility, expanding it to USD6,800,000,000. The new facilities will be used for general corporate purposes. More >>

Tags:  Clifford Chance LLP | London | New York | Paris | Perth

Atlas Air Worldwide Holdings, Inc. $224.5 Million Convertible Senior Notes Offering and Convertible Note Hedge and Warrant Transactions

Davis Polk advised the several underwriters in connection with an SEC-registered offering by Atlas Air Worldwide Holdings, Inc. of $224.5 million aggregate principal amount of its 2.25% convertible senior notes due 2022, which included $24.5 million aggregate principal amount of convertible senior notes issued pursuant to the partial exercise of the underwriters’ over-allotment option. In addition, Davis Polk advised the counterparties to convertible note hedge and warrant transactions entered into by Atlas Air in connection with the offering. More >>

Tags:  New York

Deacons advises JAC Capital on the US $1.8 billion acquisition of NXP Semiconductors’ power amplifier business

Deacons recently advised JAC Capital, a subsidiary of JIC Capital – a Chinese state-owned investment company, on a US $1.8 billion acquisition of NXP Semiconductors’ power amplifier business. To date, the transaction is one of the largest outbound technology deals of 2015.

NXP Semiconductors’ business is primarily focused on supplying the mobile communications base station market, but has potential future growth applications in the areas of industrial lighting, next generation cooking and automotive electronic ignition systems. More >>

Tags:  Deacons | Hong Kong

Hunton & Williams Advises on Xcel Energy Inc. – $500 Million offering of Senior Notes

Hunton & Williams LLP advised Barclays Capital Inc., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as joint-booking running managers on an SEC registered offering by Xcel Energy Inc. (“Xcel”) of $250 million aggregate principal amount of senior notes due 2017 and $250 million aggregate principal amount of senior notes due 2025. More >>

Tags:  Hunton Andrews Kurth LLP | New York

Wendy’s Closes $2.275 Billion Whole Business Securitization

Paul, Weiss represented The Wendy’s Company in connection with its $2.275 billion whole business securitization of its franchise system. Wendy’s Funding, LLC issued securitization notes, rated BBB by Standard & Poor’s Rating Services, which, among other things, enabled the company to refinance its existing debt and return cash to shareholders. Guggenheim Securities acted as representative of the several initial purchasers of the notes. Notable legal issues of interest included structuring around covenants associated with existing debentures that were left outstanding, the contribution to the securitization entities of all domestic and international, excluding Canada, franchise assets, certain company-operated restaurant assets, over 600 owned real properties and substantially all worldwide intellectual property and drafting disclosure related to the foregoing.

The Paul, Weiss team included financing partners Valerie Radwaner and Jordan Yarett; securities partners Brian Janson and John Kennedy and counsel Phil Heimowitz; intellectual property counsel Claudine Meredith-Goujon; employee benefits partner Lawrence Witdorchic; tax partners Richard Bronstein and Jeffrey Samuels and counsel Alyssa Wolpin; bankruptcy partner Alice Eaton; and real estate partner Peter Fisch.

Tags:  New York

David Berg Joins Kramer Levin’s Corporate Transactions and Finance Team in New York

Kramer Levin Naftalis & Frankel LLP announced today that David S. Berg has joined the firm as a partner in the Corporate Department.

Mr. Berg focuses his practice on corporate and financial transactions, particularly mergers and acquisitions, divestitures, venture capital, private equity, private investment funds, joint ventures and other financing transactions for a wide variety of industries such as aviation, biotech, media, telecom, and forest and paper products. He has significant experience representing both sellers and buyers in domestic and cross-border transactions as well as distressed and special situation investments. He was formerly a partner in Arnold & Porter LLP’s Corporate and Securities Practice. More >>

Tags:  Kramer Levin Naftalis & Frankel LLP | New York