Cahill represented Morgan Stanley and J.P. Morgan as joint book-running managers, Credit Suisse and Itaú BBA as senior lead managers and the co-managers in connection with the Rule 144A offering of $375,000,000 aggregate principal amount of 7.250% Senior Notes due 2022 by Navios South American Logistics Inc. and Navios Logistics Finance (US) Inc. Proceeds were used to refinance existing indebtedness and for general corporate purposes. Cahill also represented Morgan Stanley as dealer manager and solicitation agent for the concurrent tender offer and consent solicitation for any and all of Navios’s outstanding 9.25% Senior Notes due 2019. More >>

On April 24, 2014, Zimmer Holdings, Inc. and Biomet, Inc. announced that their respective Boards of Directors have approved a definitive agreement under which Zimmer will acquire Biomet in a cash and stock transaction valued at approximately $13.35 billion, including the assumption of net debt. Cravath represented Credit Suisse in connection with the arrangement of committed financing for the acquisition. The transaction, which is subject to customary closing conditions and regulatory approvals, is expected to close in the first quarter of 2015.

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Skadden is representing Brookdale Senior Living Inc. in its $1.2 billion joint venture with HCP, Inc. to own and operate entry-fee continuing-care retirement communities, announced April 23. More >>

International law firm Clifford Chance has advised the owners of Silom Medical Company, Thailand’s largest pharmaceutical company, on its sale to Actavis plc, a leading global specialty pharmaceutical company, for approximately US$100 million in cash. The acquisition propels Actavis into a top position in the Thai generic pharmaceutical market, with leading positions in the ophthalmic and respiratory therapeutic categories and a strong cardiovascular franchise.

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Global law firm White & Case LLP has advised WIND Telecomunicazioni S.p.A., a leading Italian telecoms operator, and its wholly-owned subsidiary Wind Acquisition Finance S.A. (WAF) on a corporate refinancing that includes a new €3.75 billion issuance of dual-tranche senior high yield bonds. More >>

Shearman & Sterling represented Irish Residential Properties REIT plc (IRES REIT) on its €200 million initial public offering and Irish Stock Exchange listing. The transaction closed on 16 April 2014. Investec Bank plc acted as sponsor to IRES REIT and Investec Bank plc and TD Securities Inc. acted as joint bookrunners for the offering.

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Global legal practice Norton Rose Fulbright advised a syndicate of lenders on a limited recourse financing to PT Hoegh LNG Lampung for the purpose of financing the construction of one LNG Floating Storage and Regasification Unit (FSRU) under construction in Korea and the procurement of a tower yoke mooring system.

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Milbank represented ProSiebenSat.1 Media AG on a new comprehensive group financing, comprising a corporate bond of EUR 600 million and a syndicated loan agreement of EUR 2 billion. Both instruments were heavily oversubscribed and the bond size increased from EUR 500 to EUR 600 million due to strong investor demand.

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