Orrick Advises Underwriters in Secondary Public Offering of Benefitfocus Common Stock

Friday, July 25, 2014
Orrick, Herrington & Sutcliffe LLP represented Goldman, Sachs & Co., Deutsche Bank Securities Inc. and Jefferies LLC as joint book-running managers and representatives of the underwriters for a secondary public offering by selling stockholders of 2,854,560 shares of Benefitfocus, Inc. common stock.  The gross proceeds raised in the offering by the selling stockholders were approximately $110 million.  The selling stockholders were funds affiliated with Goldman Sachs that have been stockholders of the company since 2007.

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Tags:  Orrick, Herrington & Sutcliffe LLP

Magellan Health, Inc. $250 Million Revolving and $250 Million Term Loan Facilities

Friday, July 25, 2014

Davis Polk advised Citibank, N.A., as administrative agent in connection with a $250 million revolving credit facility and a $250 million delayed draw term loan facility for Magellan RX Management, Inc., a direct subsidiary of Magellan Health, Inc. The proceeds of the loans will be used from time to time for general corporate purposes.

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The Dun & Bradstreet Corporation $1 Billion Revolving Credit and Competitive Advance Facility

Friday, July 25, 2014

Davis Polk advised J.P. Morgan Securities LLC as sole lead arranger and bookrunner and JPMorgan Chase Bank, N.A. as administrative agent in connection with a $1 billion senior unsecured revolving credit and competitive advance facility provided to The Dun & Bradstreet Corporation, which amends and restates the company’s existing $800 million facility. Dun & Bradstreet will use the proceeds of the amended and restated credit facility for general corporate purposes.

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Mayer Brown represents trustee on £300 million high yield notes offering by TES Finance plc

Friday, July 25, 2014

Leading global law firm Mayer Brown represented Wilmington Trust, National Association as trustee and Wilmington Trust (London) Limited as security agent in connection with the issuance by TES Finance plc of £200,000,000 aggregate principal amount of 6.75% senior secured notes due 2020 and £100,000,000 aggregate principal amount of senior secured floating rate notes due 2020.
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Williams Mullen Represents Select Bancorp in Merger with New Century Bancorp

Thursday, July 24, 2014

New Century Bancorp and Select Bancorp jointly reported receipt of regulatory approval from both the Federal Deposit Insurance Corp. and the North Carolina State Banking Commission for the merger of the two subsidiary banks.

In its release on July 10, the Company said that the merger was previously approved by the boards of directors of both companies and it was reported on May 27, that shareholders of both companies also had approved the merger.

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Tags:  Williams Mullen