Cahill represented the joint book-running managers in connection with the public offering of 12,000,000 shares of Common Stock of Burlington Stores, Inc. (NYSE: BURL), resulting in gross proceeds of $309,000,000. The selling stockholders received all of the proceeds of the sale.
Tags: Cahill Gordon & Reindel LLP
A global team comprised of partners, counsel and associates from Canada, UKMEA and the US closed a US$210 million senior secured credit facility for an affiliate of Apollo Commercial Real Estate Finance, Inc., relating to a portfolio consisting of high-end and luxury condos, homes and apartments. This five-year deal includes 229 properties and is secured by both real property and equity pledges from sponsors across 10 US states, as well as Canada, the UK, Turks and Caicos, the Bahamas, Costa Rica, Mexico, Grand Cayman and the British Virgin Islands. This global portfolio is available for short-term rental by individuals who purchase memberships starting at US$150,000 plus annual fees to stay in luxury locations around the world. More >>
Tags: Dentons | New York
Allen & Overy LLP has advised Bayer AG and Bayer World Investments B.V. with regard to a syndicated loan provided by Bank of America, N.A., BNP Paribas and Mizuho Bank, Ltd., bridging the financing of the acquisition of Merck & Co. Inc.’s consumer care business by Bayer AG for a purchase price of USD 14.2 bn. (EUR 10.4 bn.). More >>
Tags: Allen & Overy LLP
Squire Sanders represented lifestyle apparel brand prAna Living LLC in its sale to Columbia Sports Company, an innovator in the global outdoor apparel, footwear, accessories, and equipment industries. prAna will join Columbia’s stable of sports apparel brands, including Columbia, Mountain Hardwear, Sorel, and Montrail. The deal is valued at approximately US$195 million. prAna has been controlled by its majority owner, Steelpoint Capital Partners, also a Squire Sanders client. More >>
Tags: Squire Patton Boggs
In a noteworthy private equity financing transaction, Milbank, Tweed, Hadley & McCloy LLP represented the initial purchasers in a $750 million high-yield debt offering issued to help finance the buyout of Signode Industrial Group by leading private equity investor The Carlyle Group.
Tags: Milbank LLP | New York
Maples and Calder is advising Amedeo (formerly known as Doric Lease Corp.) in connection with its order for Airbus A380 wide body aircraft. The order, which is worth US$8.3 billion at list prices, is one of the most significant recent investments in Airbus A380 aircraft in the market. The ground-breaking deal was announced during a press conference at the Singapore Airshow.
Tags: Maples Group
King & Spalding advised SunTrust Banks, Inc., in the issuance of $650 million aggregate principal amount of its 2.50% senior notes due 2019, pursuant to an underwriting agreement with SunTrust Robinson Humphrey, Inc., Barclays Capital Inc. and Credit Suisse Securities (USA) LLC, as representatives of the several underwriters. The transaction closed on May 5.
Tags: King & Spalding LLP
Kirkland & Ellis LLP represented Thoma Bravo, LLC, a leading private equity investment firm, which announced today that it completed fundraising for Thoma Bravo Fund XI. The fund was significantly oversubscribed and closed at $3.65 billion, reaching its hard cap of limited partner commitments and exceeding its initial target of $2.5 billion. Fundraising activity for Thoma Bravo’s newest fund culminated relatively quickly after launching in January. The firm was able to complete fundraising with a single close. More >>
Tags: Kirkland & Ellis LLP