Paul Hastings LLP, a leading global law firm, announced that the firm represented joint bookrunners Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC and Jefferies LLC in connection with the offering of $450 million of 11.500% senior secured notes due 2020 by Essar Steel Minnesota LLC, a global integrated iron ore producer. The offering closed into escrow and subject to certain conditions, the net proceeds of the notes, together with certain other financing, will be used to complete the construction of a 7.0 million tonnes per annum fully-integrated pellet production facility in northern Minnesota. More >>
Tags: Paul Hastings, LLP | New YorkSeyfarth Represents D.R. Horton in $210 Million Real Estate Acquisition of Crown Communities
Seyfarth Shaw LLP advised D.R. Horton, the largest U.S. residential homebuilder, in connection with its $210 million real estate acquisition of Crown Communities, the largest residential builder in Atlanta and the 28th largest homebuilder in the country. The deal involved a sales order backlog of approximately 420 homes sold, 640 homes in inventory and 2,350 lots. D.R. Horton also acquired control of approximately 3,400 lots through option contracts. More >>
Tags: Seyfarth Shaw LLPAllen & Overy closes largest-ever European Offshore Wind Financing
With a total value of EUR 2,8 billion, the largest-ever European Offshore Wind Financing (Project Gemini) reached financial close on 15 May 2014 in the office of Allen & Overy in Amsterdam.
Tags: Allen & Overy LLPCahill Represents Initial Purchasers in $625 Million Notes Offering by Kratos
Cahill represented SunTrust Robinson Humphrey as sole book-running manager and the co-managers in connection with the Rule 144A offering of $625,000,000 aggregate principal amount of 7% Senior Secured Notes due 2019 by Kratos Defense & Security Solutions, Inc., a specialized security technology business providing mission critical products, solutions and services for domestic and international customers. Proceeds from the offering were used refinance existing indebtedness. More >>
Tags: Cahill Gordon & Reindel LLPCooley Advises Alder Biopharmaceuticals on Initial Public Offering
Cooley LLP announced today that it advised Alder Biopharmaceuticals, Inc. on its $80 million initial public offering. Alder is a Washington-based clinical-stage biopharmaceutical company that discovers, develops and seeks to commercialize therapeutic antibodies with the potential to meaningfully transform current treatment paradigms. Alder is currently developing two lead product candidates: ALD403, an investigational monoclonal antibody for migraine, and Clazakizumab, an investigational monoclonal antibody for rheumatoid arthritis and other autoimmune indications, in collaboration with Bristol-Myers Squibb. The company now trades on the NASDAQ Global Stock Market under the symbol “ALDR.”
Tags: Cooley LLPJPMorgan Chase’s Registered Debt Offering
Cravath represented the underwriter, J.P. Morgan Securities, in connection with the US$2 billion registered debt offering of JPMorgan Chase & Co., a leading global financial services firm and one of the largest banking institutions in the United States. The transaction closed on May 13, 2014.
Tags: Cravath, Swaine & Moore LLPFlorida Power & Light Company $500 million first mortgage bonds offering
Hunton & Williams LLP advised BNP Paribas Securities Corp., BNY Mellon Capital Markets, LLC, Credit Agricole Securities (USA) Inc., Deutsche Bank Securities Inc., Scotia Capital (USA) Inc. and U.S. Bancorp Investments, Inc., as joint book-running managers in an offering of $500 million aggregate principal amount of first mortgage bonds due 2024 by Florida Power & Light Company (“FPL”). The transaction priced at one of the lowest spreads for a ten year security since 2010.
Osborne Clarke assists Carphone Warehouse on £3.6 billion merger with Dixons Retail
Osborne Clarke is assisting long-standing client Carphone Warehouse Group plc (Carphone) with its £3.6 billion recommended all-share merger with Dixons Retail plc.
Tags: Osborne ClarkeWhite & Case Advises Novacap on Debut High Yield Bond Issue
Global law firm White & Case LLP has advised Novacap International S.A.S. on its debut high yield offering of €310 million senior secured floating rate notes due 2019. More >>
Tags: White & Case LLPOsborne Clarke advises on £170 million Patisserie Valerie IPO
The IPO, which was arranged by Canaccord Genuity, raised approximately £80 million for the company and the selling shareholders, including chairman Luke Johnson. The shares, which have been priced at 170 pence, start conditional dealings today with admission to AIM on 19 May 2014. More >>
Tags: Osborne Clarke