Skadden is advising Valeant Pharmaceuticals International, Inc. in its $46 billion proposed merger with Allergan, Inc., announced April 22. More >>
Tags: Skadden, Arps, Slate, Meagher & Flom LLPChadbourne Represents Bank of Cyprus in €202.5 Million Sale of Ukrainian Business
Chadbourne & Parke represented the Bank of Cyprus Public Company Ltd on the sale of its Ukrainian subsidiary, PJSC “Bank of Cyprus,” and associated debt to Alfa Group, Russia’s largest privately owned banking group, for €202.5 million (US$280 million). The transaction was signed on February 5, 2014 and closed on April 17, 2014.
White & Case Advises Lenders on PSA Peugeot Citroën’s €3 Billion Syndicated Credit Facility
Global law firm White & Case LLP has advised the lenders on a new €3 billion syndicated credit facility signed by the French carmaker PSA Peugeot Citroën. More >>
Tags: White & Case LLPNorton Rose Fulbright advises Government of Pakistan on landmark US$2bn bond issue
Global legal practice Norton Rose Fulbright has advised the Government of Pakistan on a US$2 billion bond issue. The transaction represents the largest ever international bond offering by Pakistan, and is its first international bond issuance since 2007.
Comprising a dual tranche of US$1 billion in five year bonds and US$1 billion in ten year bonds, the issuance received a strong response from investors including fund managers, banks, hedge funds, insurance companies and pension funds based in the US, Europe, Asia and the Middle East.
Tags: Norton Rose FulbrightSimpson Thacher Represents Initial Purchasers in $600 Million Senior Notes Offering by Stena AB (publ) and $350 Million Senior Secured Notes Offering by Stena International S.A.
Simpson Thacher represented the initial purchasers, led by J.P. Morgan Securities LLC, in connection with a 144A/Regulation S offering by Stena AB (publ) (“Stena”) of $600 million aggregate principal amount of 7.00% Senior Notes due 2024. This offering closed on January 23, 2014.
Tags: Simpson Thacher & Bartlett LLPLinklaters advises Noble Group on the acquisition by COFCO and establishment of an agribusiness joint venture
Linklaters has advised Noble Group Limited (“Noble Group”) on the acquisition of 51% of Noble Agri Limited (“Noble Agri”) by COFCO Corporation (“COFCO”) to establish a 51%/49% joint venture.
Noble Agri will become the principal international origination platform for COFCO, with its upstream origination and trading operations linked to the downstream processing and distribution capabilities of COFCO and its affiliates in China to create a fully integrated value chain, consistent with COFCO’s strategy.
Tags: LinklatersFirm Advises SPARTA on its Acquisition by Catalina
Catalina Holdings (Bermuda) Ltd and Willkie client SPARTA Insurance Holdings, Inc. recently announced a definitive agreement under which Catalina will acquire SPARTA. Following the closing of the transaction, Catalina plans to place some of Sparta’s business into run off and to transfer SPARTA’s alternative market business to Arch Insurance Company under a separate renewal rights agreement. With total assets of $911 million (as of 12/31/2013), Hartford, CT-based Sparta focuses mainly on specialty program and risk transfer alternatives in the United States. Catalina is a long-term consolidator in the non-life insurance/reinsurance run-off sector.
Simpson Thacher Represents Underwriters in $2.5 Billion Debt Offering by Wal-Mart
The Firm represented Citigroup Global Markets Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC, BBVA Securities Inc., Mitsubishi UFJ Securities (USA), Inc., Mizuho Securities USA Inc. and other underwriters in connection with a $2.5 billion offering of debt securities by Wal-Mart Stores, Inc.
Tags: Simpson Thacher & Bartlett LLPSimpson Thacher Represents La Quinta in Initial Public Offering and Debt Refinancing
The Firm represented La Quinta Holdings Inc. in connection with its initial public offering of 43,987,500 shares of common stock (including shares sold pursuant to the underwriters’ option to purchase additional shares) at a public offering price of $17.00 per share. La Quinta’s common stock began trading on the New York Stock Exchange under the ticker symbol “LQ” on April 9, 2014. The underwriting syndicate was led by J.P. Morgan and Morgan Stanley.
Tags: Simpson Thacher & Bartlett LLPOlshan Corporate Partners Handle GenCorp’s $100M Subordinated Credit Facility
Olshan client GenCorp Inc., a leading manufacturer of aerospace and defense products, announced that it entered into a $100 million subordinated credit facility, which will be used for a variety of purposes. Steve Wolosky, Jeffrey Spindler, Yehuda Markovits and Jason Saltsberg represented GenCorp in this matter.
Tags: Olshan Frome Wolosky LLP