Global law firm Proskauer represented Pacific Rubiales Energy Corp. in the closing of a new $1 billion senior unsecured revolving credit facility, as well as a $250 million senior unsecured term loan facility, effectively restructuring the company’s existing revolving credit facilities.
O’Melveny Represents International Olympic Committee in US$7.75 Billion Broadcast Rights Deal with NBCUniversal
O’Melveny & Myers LLP recently represented the International Olympic Committee in a long-term deal that awards broadcast rights for the Olympic Games to NBCUniversal. The deal encompasses broadcast rights across all media platforms, including free-to-air television, subscription television, Internet, and mobile from 2021 to 2032 and is valued at US$7.75 billion. More >>
Tags: O'Melveny & Myers, LLP
Milbank Represents Goldman Sachs in $1,087.5M Financing for McDermott
Milbank, Tweed, Hadley & McCloy LLP represented Goldman Sachs Lending Partners LLC as sole lead arranger and sole bookrunner in connection with a $300 million senior secured first-lien term loan facility for McDermott Finance L.L.C., a subsidiary of McDermott International, Inc. (NYSE: MDR) (“McDermott”), and Goldman, Sachs & Co. as sole book-running manager in connection with an offering of $500 million of senior secured second-lien notes by McDermott and an offering of tangible equity units by McDermott generating gross proceeds of $287.5 million. The transactions closed in April 2014. Concurrently with the transactions, McDermott also obtained a $400 million senior secured first-lien letter of credit facility.
Tags: McDermott Will & Emery LLP | New York
Jones Day advising Atlas Resource Partners in $420 million acquisition of oil and gas interests in northwest Colorado
Herbert Smith Freehills advises banks on Etisalat financing for Maroc Telecom acquisition
Herbert Smith Freehills has advised a group of seventeen international, regional and local banks on a EUR 3.15 billion multi-currency club deal for Emirates Telecommunications Corporation (“Etisalat”). The financing has been raised using a DIFC SPV as borrower whose obligations are guaranteed by Etisalat, to fund the acquisition of Vivendi’s 53% stake in Maroc Telecom.
Tags: Herbert Smith Freehills LLP
Akin Gump Advises Banglalink on Inaugural $300 Million Bangladesh Bond
Akin Gump has advised Banglalink Digital Communications Limited, a subsidiary of VimpelCom Ltd., on an innovative $300 million Rule 144A/Regulation S high-yield bond offering “first.” Banglalink issued $300 million Senior Notes due 2019, listed on the Singapore Exchange.
Tags: Akin Gump Strauss Hauer & Feld LLP
White & Case Advises on US$2 Billion Middle East Property Acquisition
Global law firm White & Case LLP has advised Labregah Real Estate Company, a wholly-owned subsidiary of Qatari Diar Real Estate Investment Company, and Barwa Real Estate Company Q.S.C. on the approximately US$2.07 billion acquisition by Labregah of Barwa City, a large scale residential development project in Doha, Qatar. More >>
Tags: White & Case LLPXL Group to Sell Life Reinsurance Subsidiary
Skadden is representing XL Group plc in connection with the $570 million sale of XL Insurance (Bermuda) Ltd.’s wholly owned subsidiary XL Life Reinsurance Ltd. to GreyCastle Holdings Ltd., announced May 1.
Paul Hastings Represents ISG Holdings, Inc. in its Sale to Xerox
Paul Hastings LLP, a leading global law firm, announced today that it is representing leading healthcare technology company ISG Holdings, Inc., a portfolio company of private equity firm Beecken Petty O’Keefe & Company and venture capital firm SV Life Sciences, in its $225 million sale to Xerox (NYSE: XRX), a global leader in business process and document management.
Tags: Paul Hastings, LLP 
Olshan Client 601W Cos Acquires Second Largest Office Complex in Detroit
Crain’s Detroit Business reported that New York-based investor 601W Companies closed on the $177.5 million purchase of the Southfield Town Center, the second largest office complex in metro Detroit. The company plans to spend approximately up to $50 million on renovations at the 2.2 million-square-foot office complex which consists of five towers. Warren Gleicher, Martin Cooper and Shirlee Gordon represented 601W Companies as co-counsel in charge of overall deal structure, the tenants-in common agreement between the owners and the income tax consequences thereof.
More >>
