Faegre Baker Daniels represented The Spectranetics Corporation, a Colorado Springs-based medical device company, in acquiring AngioScore Inc. in a $230 million cash purchase, along with contingent commercial and regulatory milestone payments. The transaction closed June 30, and was funded with the proceeds from a $230 million public offering of convertible notes.
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Shearman & Sterling advised Bank of America, N.A., as administrative agent, and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as sole lead arranger, in connection with the $16.3 billion senior unsecured bridge financing raised by Medtronic, Inc. to finance its acquisition of Covidien plc. The financing included a $13.5 billion senior unsecured bridge loan and a $2.8 billion senior unsecured bridge loan.
Tags: Shearman & Sterling LLP
The Firm represented J.P. Morgan Securities LLC, as lead arranger, and JPMorgan Chase Bank, N.A., as administrative agent, in connection with an incremental term loan of $625 million for Coty Inc. (“Coty”).
Tags: Simpson Thacher & Bartlett LLP
Vinson & Elkins advised Citrus Energy Corporation in the sale of its Marcellus assets to Warren Resources, Inc. for $352.5 million.
The V&E transactional team was led by partner John B. Connally, with assistance from partner Jim Prince and associates Fiona Worrall, Chris Boling and Julian Seiguer.
Tags: Vinson & Elkins LLPPaul, Weiss client Yamana Gold Inc. closed an offering of $500 million aggregate principal amount of its 4.950% senior notes due 2024. The offering was made pursuant to exemptions from registration under Rule 144A and Regulation S of the Securities Act of 1933. Yamana is a TSX- and NYSE-listed Canadian-based gold producer with significant gold production, gold development stage properties, exploration properties and land positions throughout the Americas including Brazil, Argentina, Chile, Mexico and Canada.
Seyfarth Shaw LLP represented south suburban Chicago-based Great Lakes Financial Resources, Inc. in its merger into First Midwest Bancorp, Inc., one of the Chicago metropolitan area’s largest independent bank holding companies. As a result of this merger, Great Lakes Bank (the subsidiary bank of Great Lakes Financial Resources, Inc.) will also merge into First Midwest Bank (the subsidiary bank of First Midwest Bancorp, Inc.). Great Lakes Bank operates eight branches in Chicago’s south suburbs and has more than $582 million in assets. The merger will enable Great Lakes Bank to expand its service and product offerings through First Midwest to build on its platform of commercial, retail, and wealth management products and services to meet the growing financial needs of Great Lakes Bank customers.
Tags: Seyfarth Shaw LLPSimpson Thacher represented the initial purchasers, led by joint book-running managers, J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC, UBS Securities LLC, Goldman, Sachs & Co. and Deutsche Bank Securities Inc., in the sale of an aggregate principal amount of additional $600 million 9.375%/10.125% Senior PIK Toggle Notes due 2017 by Jaguar Holding Company I (the “Issuer”), the indirect parent of Pharmaceutical Product Development, LLC (“PPD”). The Issuer used the proceeds from the offering to pay a dividend or distribution to its shareholders and a distribution to its optionholders.
Tags: Simpson Thacher & Bartlett LLPShearman & Sterling represented The Royal Bank of Scotland, Lloyds Bank and Barclays as Joint Global Coordinators and Joint Bookrunners, on an offering of £225,000,000 5.25% Senior Notes due 2021 by Debenhams plc. The net proceeds from the issuance will be used to refinance Debenhams’ outstanding indebtedness under its existing senior credit facility. The offering, which was conducted pursuant to Regulation S under the US Securities Act, closed on July 2, 2014.
Tags: Shearman & Sterling LLP
Skadden is advising U.S.-based gaming machine provider Video Gaming Technologies, Inc. in its $1.3 billion acquisition by Australia-based gaming product and service provider Aristocrat Leisure Limited, announced July 7.
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