Herbert Smith Freehills has advised China Telecom Global in relation to its role in a consortium which has agreed to build and operate a new Trans-Pacific submarine telecommunications cable worth approximately US$300 million.
Tags: Herbert Smith Freehills Kramer LLPCravath represented CBS Corporation in connection with its US$1.75 billion registered senior debt offering. The transaction closed on August 19, 2014.
Cooley LLP announced today that it advised the underwriters on Otonomy, Inc.’s $100 million initial public offering. Otonomy is a clinical-stage biopharmaceutical company focused on the development and commercialization of innovative therapeutics for the treatment of diseases and disorders of the ear. The company now trades of The NASDAQ Global Stock Market under the symbol “OTIC.”
Tags: Cooley LLPOn August 11, 2014, IBM announced it has acquired the business operations of Lighthouse Security Group, LLC, a premier cloud security services provider. Lighthouse Security Group is a subsidiary of long‑time IBM business partner Lighthouse Computer Services, Inc. Cravath represented IBM in connection with this transaction. Financial terms were not disclosed.
Herbert Smith Freehills is pleased to be advising Commonwealth Bank of Australia (CBA) on its issue of CommBank PERLS VII Capital Notes and concurrent PERLS V Reinvestment Offer to raise approximately A$2 billion (with the ability to raise more or less) (Offer) announced on 18 August 2014.
Tags: Herbert Smith Freehills Kramer LLPSimpson Thatcher is representing Dollar General Corporation (NYSE: DG) in connection with its announced proposal to acquire Family Dollar Stores, Inc. (NYSE: FDO) for $78.50 per share in cash, in a transaction valued at $9.7 billion. The combination would solidify Dollar General’s position as the largest small-box discount retailer in the U.S. with nearly 20,000 stores in 46 states and sales of over $28 billion.
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Skadden is advising Sensata Technologies Holding N.V. in the $1 billion acquisition by its wholly owned indirect subsidiary Sensata Technologies B.V. of the Schrader group of companies from Madison Dearborn Partners, LLC, announced August 18.
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Attorneys with the law firm of Thompson & Knight LLP advised Warren Resources, Inc. (“Warren”) in the execution of a purchase and sale agreement to acquire essentially all of the Marcellus assets of Citrus Energy Corporation (“Citrus”) and two additional working interest owners for $352.5 million. In order to finance the transaction, Thompson & Knight advised Warren on a $300 million private notes offering. The company used the net proceeds to fund a portion of the approximately $312.5 million cash purchase price for this acquisition, which provides Warren with a substantial new basin platform in the prolific Marcellus Shale and adds a new core area to its existing California oil and Wyoming natural gas assets.
Tags: Thompson & Knight LLP
Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised Citibank N.A, London Branch (“Citibank”) as global coordinator and sole bookrunner and the syndicate of lenders on a US$574 million ECA-backed loan facility to Stena Atlantic Limited (“Stena”). The facility is to be used to fund the purchase of a semi-submersible mid-water drilling rig.
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