International TMT law firm Olswang has advised Viacom International Media Networks on its acquisition of Channel 5 Broadcasting Limited for £450 million (approximately $757 million). Olswang advised the US media giant on the commercial and regulatory media aspects of the transaction.
Tags: CMS
Perkins Coie represented client Strategic Hotels & Resorts, Inc. (NYSE:BEE), a real estate investment trust (REIT) which owns and provides value enhancing asset management of high-end hotels and resorts in the United States and Europe, in a $300 million stock secured credit facility with an accordion feature allowing for additional borrowing capacity up to $400 million.
Tags: Perkins Coie LLPPaul Hastings LLP, a leading global law firm, announced today that the firm represented Wells Fargo Securities, LLC, as joint lead arranger and joint bookrunner, with J.P. Morgan Securities LLC, as joint lead arranger and joint bookrunner, and Wells Fargo Bank, N.A., as the administrative agent, in connection with a $600 million senior secured revolving credit facility for Lario Oil & Gas Company. More >>
Tags: Paul Hastings, LLP
Shearman & Sterling is advising Viacom on the £450 million ($757 million) pending acquisition by Viacom International Media Networks of Channel 5 Broadcasting Limited from Northern & Shell Television Group Limited. The transaction is subject to customary regulatory approvals.
Tags: Shearman & Sterling LLP
A Weil team led by New York partners Morgan Bale and Jennifer Bensch advised Barclays and Goldman Sachs in connection with providing $7.2 billion of committed bridge financing backing Exelon Corporation’s $6.8 billion acquisition of Pepco Holdings Inc., a Washington D.C.- based utility. More >>
Tags: Weil, Gotshal & Manges, LLP
Gilbert + Tobin advised the issuer, Burson, on its initial public offering which listed with a A$298 million market capitalisation, having sold 112 million shares at $1.82 each.
Tags: Gilbert, LLP
Kirkland & Ellis LLP represents Exelon Corporation (NYSE: EXC), which today announced it signed a definitive agreement to acquire Pepco Holdings Inc. (NYSE: PHI), in an all-cash transaction consideration of $27.25 per share. The agreement brings together Exelon’s three top-performing electric and gas utilities – BGE, ComEd and PECO – and Pepco Holdings’ electric and gas utilities – Pepco, Atlantic City Electric and Delmarva Power – to create the leading Mid-Atlantic electric and gas utility. More >>
Tags: Kirkland & Ellis LLP
Cahill represented Bank of America as administrative agent and BofA Merrill Lynch, J.P. Morgan and RBC Capital Markets as lead arrangers in connection with a $650,000,000 amended and restated credit facility, comprised of a new $200,000,000 term A loan, a $250,000,000 revolving credit facility, and a new committed delayed draw term loan of up to $200,000,000, for Res-Care, Inc., which is the nation’s largest provider of services to people with disabilities and the largest privately-owned home care company. Proceeds from the facility will be used to pay a dividend, refinance existing indebtedness and for general corporate purposes. More >>
Tags: Cahill Gordon & Reindel LLP