Gilbert + Tobin advises Spotless Group Holdings Limited on IPO

Gilbert + Tobin is acting as issuer’s counsel to Spotless Group Holdings Limited, on its initial public offering and listing on ASX.  The indicative price range set out in the prospectus lodged with ASIC today implies an enterprise value of between approximately $2.37 billion and $2.55 billion for Spotless on listing.

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Chesapeake Energy’s Senior Debt Offering

Cravath represented the underwriters, led by Morgan Stanley and Citigroup, in connection with the US$3.0 billion registered high‑yield senior debt offering of Chesapeake Energy Corporation, the second‑largest producer of natural gas and the 10th largest producer of oil and natural gas liquids in the United States. The transaction closed on April 24, 2014. Cravath also represented Morgan Stanley and Citigroup as dealer managers for a concurrent senior notes tender offer by Chesapeake Energy Corporation.

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Milbank Represents Initial Purchasers in $250M Offering by Kimberly-Clark de México

Milbank, Tweed, Hadley & McCloy represented Citigroup Global Markets and BofA Merrill Lynch as initial purchasers in a $250 million bond offering by Kimberly-Clark de México, S.A.B. de C.V. (KCM), the first time in 15 years that the Mexican consumer products company has accessed international capital markets. This is also the lowest yield- to-maturity of any Mexican or Latin American corporate bond to date.

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Shearman & Sterling Advises Initial Purchasers in Wise Metals Intermediate Holdings LLC and Wise Holdings Finance Corporation’s $150 Million Notes Offering

Shearman & Sterling advised the initial purchasers, led by Merrill Lynch, Pierce, Fenner & Smith Incorporated, and with Houlihan Lokey Capital, Inc., as joint bookrunning managers, in connection with the private placement by Wise Metals Intermediate Holdings LLC (“Wise Intermediate”) and Wise Holdings Finance Corporation of $150 million aggregate principal amount of their 9.75%/10.5% Senior PIK Toggle Notes due 2019. A substantial portion of the net proceeds from the notes offering will be used to fund a dividend distribution to, or repurchase of equity interests of, equity holders of Wise Metals Holdings LLC (“Wise Group”), the direct parent of Wise Intermediate, and the remainder will be used for general corporate purposes, including the repayment of $22.5 million of outstanding indebtedness under an asset-based revolving credit facility of Wise Alloys LLC, the company’s subsidiary.

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Simpson Thacher Represents Mizuho Bank in its Offering of an Aggregate of US$3.0 Billion of Senior Notes Guaranteed by Mizuho Financial Group

The Firm recently represented Japan’s Mizuho Bank, Ltd., as Issuer, and Mizuho Financial Group, Inc., as Guarantor, in connection with the offerings of US$500 million of 1.30% Senior Notes due 2017, US$1.5 billion of 2.45% Senior Notes due 2019, US$500 million of 3.75% Senior Notes due 2024 and US$500 million of Senior Floating Rate Notes due 2017, each pursuant to Rule 144A and Regulation S under the Securities Act.  Mizuho Securities USA Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Goldman, Sachs & Co. and J.P. Morgan Securities LLC were the Joint Lead Managers for the offering. Mizuho Bank, Ltd. is one of Japan’s largest banks and is a wholly-owned subsidiary of Mizuho Financial Group, Inc., one of Japan’s largest banking groups.

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Tags:  Simpson Thacher & Bartlett LLP