Cadwalader, Wickersham & Taft LLP, a counselor to corporations and financial institutions, advised a leading global financial institution on its recent $200 million, tranched, multi-currency revolving loan facility to an affiliate of Callidus Capital Corporation. The facility become effective concurrently with a restructuring of Callidus’ existing term debt and an initial public offering of 18,000,000 common shares of Callidus at a price of $14.00 per common share for aggregate gross proceeds of $252 million.
Tags: Cadwalader, Wickersham & Taft LLP
Akin Gump advised the conflicts committee of El Paso Pipeline Partners, L.P.’s (EPB) general partner, El Paso Pipeline GP Co. LLC, in a deal in which EPB said it will acquire Kinder Morgan, Inc.’s 50 percent stake in Ruby Pipeline, 50 percent stake in Gulf LNG and 47.5 percent stake in Young Gas Storage. The transaction is valued at approximately $2 billion, including $1.012 billion of proportionate debt at Ruby and Gulf LNG, resulting in an equity purchase price of $972 million.
Tags: Akin Gump Strauss Hauer & Feld LLP
Today [1 May 2014] Berrymans Lace Mawer and HBM Sayers formally have combined as BLM, a £100m business that will be the UK and Ireland’s leading risk and insurance law firm with 170 partners, 630 lawyers and technical experts, and 1,550 employees spread across 12 offices across England, Ireland, Scotland and Wales.
Tags: Berrymans Lace Mawer LLP
Paul Hastings, a leading global law firm, announced today that it represented the joint bookrunners in a US$340 million global depositary receipts (“GDRs”) offering by Hanwha Chemical Corporation, a leading global chemicals company based in Korea that specializes in chemical products and materials for use in the solar power industry. The GDRs will be listed on the Singapore Stock Exchange and the underlying common shares will be listed on the Korea Exchange. More >>
Tags: Paul Hastings, LLP
Cahill represented Morgan Stanley and J.P. Morgan as joint book-running managers and BMO Capital Markets as co-lead manager in connection with the Rule 144A offering of $875,000,000 aggregate principal amount of 6.75% Senior Secured Notes due 2019 and $275,000,000 aggregate principal amount of 9.75% Senior Notes due 2020 by Florida East Coast Holdings Corp. and Florida East Coast Industries, LLC. More >>
Tags: Cahill Gordon & Reindel LLP
CMS is advising Wells Fargo Bank N.A. on its funding of the £291 million acquisition by Cirrus Logic, of Wolfson Microelectronics Plc, which was announced yesterday.
Cirrus, which is listed on NASDAQ, is a premier supplier of high-precision analogue and digital signal processing components for audio and energy markets and is a close partner of Apple. Wolfson is a leading UK audio chip designer that supplies audio components in Samsung’s phones and tablets. More >>
Tags: CMS