Chadbourne & Parke represented the lenders, including the joint lead arrangers Société Générale and Bayerische Landesbank, New York Branch (BayernLB), in a US$222 million construction loan for the 150 MW Border Winds project in Rolette County, North Dakota and a US$286 million construction loan for the 200 MW Pleasant Valley Wind project in Mower and Dodge Counties, Minnesota. Both deals recently reached financial close.
Cahill represented J.P. Morgan, Credit Suisse, and BofA Merrill Lynch as joint book-running managers and Barclays, Citigroup, Johnson Rice & Company, Scotiabank, and Simmons & Company International as co-managers in connection with the Rule 144A offering of $450,000,000 aggregate principal amount of 6.75% Senior Notes due 2022 by Triangle USA Petroleum Corporation, an oil and gas exploration and development company. Proceeds from the offering were used for general corporate purposes.
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Milbank, Tweed, Hadley & McCloy LLP represented the lenders in connection with the senior debt financing for the Petra Nova Carbon Capture Project, a groundbreaking $1 billion carbon capture and sequestration (CCS) and enhanced oil recovery (EOR) project that is expected to be the world’s largest facility using captured carbon dioxide from an existing power facility to assist in extracting otherwise difficult-to-reach oil.
Tags: Milbank LLP
A team of Morgan Lewis lawyers advised Kyo-ya Hotels & Resorts, LP as the Hawaii based resorts owner’s real estate finance counsel in a $1.875 billion debt financing—believed to be among the largest loan facilities ever extended in Hawaii.
Tags: Morgan, Lewis & Bockius LLP
Paul Hastings LLP, a leading global law firm, represented Unifin Financiera, S.A.P.I. de C.V., SOFOM, E.N.R., a leading Mexican specialty finance company focusing on the operating leasing industry. The US$400 million international bond offering was Unifin’s first ever financing in the international capital markets. Unifin specializes in operating leasing, factoring and auto and other lending in Mexico. The high-yield offering involved the issuance of US$400 million of 6.250% Senior Notes due 2019. The notes were issued pursuant to Rule 144A and Regulation S in an offering heard to be twelve times overscribed. The underwriters involved were Credit Suisse, Citigroup and Scotiabank.
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Global law firm Proskauer has been recognized by The American Lawyer’s 2014 Global Legal Awards in the category of Global M&A Deal of the Year: Canada for its representation of Ares Management and the Canada Pension Plan Investment Board (CPPIB) in the $6 billion acquisition of Neiman Marcus.
The Proskauer team, led by Michael Woronoff, Co-Head of Proskauer’s Global M&A and Private Equity Groups, represented an investor group, including funds managed by Ares Management and the CPPIB, in the $6 billion acquisition of Neiman Marcus Group LTD Inc. from an investor group led by TPG and Warburg Pincus.
Tags: Proskauer Rose LLP
The Firm recently represented TDR Capital LLP in connection with the financing of its acquisition of IMO Car Wash, including (i) a Rule 144A and Regulation S offering of €240 million aggregate principal amount of 6.625% Senior Secured Notes due 2019, issued by a finance affiliate of IMO Car Wash, (ii) a £190 million Bridge Facility Agreement and (iii) a £20 million Revolving Credit Facility Agreement. IMO Car Wash is the world’s largest independent conveyor car wash company by number of sites, with market-leading positions in Germany and the United Kingdom. The acquisition of IMO Car Wash closed on July 16, 2014.
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A Clifford Chance team led out of the US is advising GTECH S.p.A. in connection with up to US $10.7 billion in committed financing from Credit Suisse, Barclays and Citigroup. The financing will be used to support GTECH’s announced US $4.7 billion acquisition of Las Vegas, Nev., based International Game Technology, Inc., and to potentially refinance existing debt.
Tags: Clifford Chance LLP