Miller Thomson, along with two American firms and a Canadian firm, are advising on a USD 6 billion oil and gas merger that will create the largest producer in North Dakota’s Bakken Shale formation.
Tags: Denver
Shearman & Sterling Advises Ardagh on Its First Tender Offers
Shearman & Sterling has advised Ardagh Packaging Finance plc and Ardagh Holdings USA Inc. (the “Issuers”) on their tender offers (the “Offers”) for their €1,085 million First Priority Senior Secured Notes due 2017 and $860 million First Priority Senior Secured Notes due 2017 (the “Notes”). The Offers were launched on June 23, 2014 and settled on July 23, 2014 (with an early settlement for the Offers on July 8, 2014). The firm also advised Ardagh Packaging Finance plc and Ardagh Holdings USA Inc. on the subsequent redemption of the remaining outstanding Notes and the satisfaction and discharge of the indenture governing the Notes.
Tags: Shearman & Sterling LLP
Travers Smith advises on the IPO of Spire Healthcare Group plc
Travers Smith private equity partner Paul Dolman and corporate finance partner Adrian West have advised the management of Spire Healthcare Group plc on the initial public offering of the company on the Official List. Admission and unconditional dealing in the shares commenced on 23 July 2014. At admission Spire had a market capitalisation of approximately £840 million.
Tags: Travers Smith Macfarlanes advises Metric Capital Partners on €465m fundraising for second fund
Macfarlanes has advised special situation investor Metric Capital Partners on fundraising for its second pan-European private-capital solutions fund, raising €465m.
Tags: Macfarlanes LLP
Paul Hastings Represents Initial Purchasers in Pinfra’s US$570 Million Follow-on Equity Offering
Paul Hastings LLP, a leading global law firm, represented Credit Suisse, J.P. Morgan, Itaú BBA and GBM as initial purchasers in connection with Promotora y Operadora de Infraestructura, S.A.B. de C.V.’s US$570 million follow-on equity offering of Series “L” Shares. Pinfra’s follow-on offering of Series “L” Shares was the first L-share offering in Mexico in over 10 years. The issued stock was offered publicly in Mexico on the Mexican Stock Exchange and internationally pursuant to Rule 144A and Regulation S.
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Pinsent Masons advises on £137 million Cordea Savills student housing disposal
The deal will see the international property investment manager sell its Student Hall Fund, which comprises 2,904 bedrooms across Bath, Bristol, Birmingham, Edinburgh, Leeds and Loughborough.
Pinsent Masons’ corporate funds partner Ian Warner led a corporate funds team including Thilo Schneider and Genna Oakes. Real estate partner, Jonathan Brocklehurst led on property related matters assisted by James Long, Ramiza Ali, Richard Holroyd, Greg Dingwall, Cassandra Auld and Alison Groat.
Tags: Pinsent Masons LLP
Ropes & Gray Team in Hong Kong and London Advises on Restructuring of Bonds Issued by Suzlon Energy
Ropes & Gray represented an ad hoc committee of bondholders for Suzlon Energy Ltd., an Indian wind-turbine maker, in the restructuring of approximately $580 million foreign currency convertible bonds (FCCBs). The restructuring was approved by bondholders on July 9, as announced by the company. Suzlon defaulted on the FCCBs, which consisted of four different issuances of bonds, in October 2012. The deal was led by Ropes & Gray special situations partner Daniel Anderson (Hong Kong) and business restructuring partner James Douglas (London).
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Simpson Thacher Represents Underwriters in Secondary Offering by Selling Stockholder of CommScope Holding Company, Inc.
Simpson Thacher represented the underwriters, led by J.P. Morgan Securities LLC, Deutsche Bank Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, in connection with a secondary offering by a fund affiliated with The Carlyle Group (“Carlyle”) of 20,125,000 shares of common stock of CommScope Holding Company, Inc. (“CommScope”), a portfolio company of Carlyle. Approximately $445.5 million in net proceeds was raised in the offering.
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WFW advises Crédit Agricole Corporate and Investment Bank on a US$239,600,000 term loan facility
Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised Crédit Agricole Corporate and Investment Bank (“Crédit Agricole”) on a US$239,600,000 term loan facility to subsidiaries of funds managed by Oaktree Capital Management, LP to finance the purchase of 10 new vessels. Two of the 5,400 TEU container vessels have already been delivered, while the rest are being built by Hanjin Heavy Industries Corporation Philippines and will be delivered by the first half of 2015.
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Willkie Advises Prudential in $27 Billion Longevity Risk Transfer Transaction with British Telecom
Willkie recently advised The Prudential Insurance Company of America in connection with the largest single longevity transaction on record. The transaction, which closed on July 4, 2014, is the largest single longevity risk transfer deal on record, covering £16 billion ($27 billion), approximately 25% of BT Pension Scheme’s liabilities associated with increases in life expectancy of its beneficiaries. The size of the transaction is almost double the total £8.9 billion of longevity hedging transactions in the UK in 2013.
Tags: Willkie Farr & Gallagher LLP