Davis Polk advised Goldman, Sachs Lending Partners LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Morgan Stanley Senior Funding Inc., and RBC Capital Markets as joint lead arrangers and joint bookrunners, and KKR Capital Markets LLC, MCS Capital Markets LLC and Blackstone Holdings Finance Co. LLC as co-managers, in connection with a $390 million senior secured credit facility extended to Infinity Acquisition, LLC, comprised of a $345 million senior secured term facility and a $45 million senior secured revolving credit facility. The proceeds of the senior secured term facility, together with an equity contribution and the proceeds of a notes offering, were used to fund in part the acquisition of Ipreo Holdings LLC by funds managed by The Blackstone Group L.P. and Goldman Sachs Merchant Banking Division.

More >>

The Firm recently represented RBC Capital Markets and JPMorgan Chase in connection with credit facilities relating to Sinclair Television Group, Inc.’s. $985.0 million acquisition of certain television station assets from Allbritton Communication Co.

More >>

Herbert Smith Freehills is advising Roc Oil Company Limited (Roc Oil) on all aspects of its proposed takeover by Fosun International Limited (Fosun) valued at approximately A$474 million.

More >>

Linklaters has advised Suzlon Energy Limited, the largest wind turbine supplier in India and the world’s fifth largest wind turbine supplier group, on India’s biggest bond restructuring. The deal comprised the restructuring of four series of convertible bonds, which involved the existing bonds being substituted by new US$546,916,000 step-up convertible bonds due 2019, pursuant to a consent solicitation and voluntary substitution.

More >>

Skadden is advising Classified Ventures LLC, including the selling members, in connection with the definitive agreement to sell their entire stake in the company to Gannett Co., Inc. for a price that values Classified Ventures at $2.5 billion, announced August 5.
More >>

Willkie client Level 3 Communications, Inc. announced that Level 3 Escrow II, Inc., its indirect, wholly owned subsidiary, has agreed to sell $1 billion aggregate principal amount of its 5.375% Senior Notes due 2022 in a Rule 144A offering to qualified institutional buyers. In June Level 3, represented by Willkie, announced its $7.3 billion acquisition of tw telecom. The net proceeds from the notes offering will be used to finance the cash portion of the merger and to refinance certain existing indebtedness of tw telecom inc.
More >>

Paul, Weiss client NorthStar Realty Finance Corp. and Griffin-American Healthcare REIT II, Inc. announced that the boards of directors of both companies have unanimously approved a definitive merger agreement under which NorthStar Realty will acquire all of the outstanding shares of Griffin-American in a stock and cash transaction valued at $4 billion, including approximately $600 million of debt, establishing NorthStar Realty as a leading investor in the healthcare real estate sector.

More >>