Global law firm K&L Gates acted for the Republic of Indonesia in the sale of its debut euro-denominated bonds. The nation sold 1 billion euros (USD1.4 billion) of 2.875% Notes due 2021, in a drawdown under its USD25 billion Global Medium Term Note Program.
Tags: K&L Gates LLPDavis Polk advised Tyson Foods, Inc. on its entering into a $5.7 billion 364-day senior unsecured bridge term loan facility and a $2.5 billion senior unsecured term loan facility (the “Facilities”). Morgan Stanley Senior Funding, Inc. is acting as administrative agent for the Facilities.
Goodwin Procter recently advised Clayton Holdings in its sale to Radian Group for $305 million. According to terms of the agreement, Clayton became a subsidiary of Radian. The closing of the transaction was announced on July 1.
Tags: Goodwin Procter LLPOn February 18, 2014, Ashland Inc. announced it has signed a definitive agreement to sell Ashland Water Technologies to a fund managed by Clayton, Dubilier & Rice in a transaction valued at approximately US$1.8 billion. Cravath represented Ashland in connection with this transaction, which is expected to close by the end of Ashland’s fiscal year on September 30, 2014, contingent on certain customary regulatory approvals, standard closing conditions and completion of required employee information and consultation processes.
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