Simpson Thacher Represents the Initial Purchasers in a $750 Million Offering of Senior Notes of SBA Communications Corporation

The Firm represented the initial purchasers in connection with the Rule 144A and Reg S offering of $750 million aggregate principal amount of 4.875% Senior Notes due 2022 by SBA Communications Corporation. J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, Barclays Capital Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., RBS Securities Inc. and TD Securities (USA) LLC acted as joint book-running managers for the offering. The offering closed on July 1, 2014.

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Volvo Cars signs €660 million revolving credit facility

Volvo Car Group (Volvo Cars) has signed a €660 million revolving credit facility with a group of leading global and regional banks, underlining growing global confidence in the Swedish car company’s financial and operational transformation. The €660 million revolving credit facility extends an existing €360 million revolving credit facility signed early in 2013. It will serve as a back-up facility for general corporate purposes and has a tenor of three years with two extension options of one year each. The new credit facility broadens the group of banks working with Volvo Cars.
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Fredrikson & Byron Represents Eurofins Scientific in Agreement to Acquire ViraCor-IBT Laboratories, Inc.

Fredrikson & Byron acted as legal counsel for Eurofins Scientific (EUFI.PA), a global leader in bioanalytical testing and genomic services, in its acquisition of ViraCor-IBT Laboratories, Inc. (VIBT), a leading specialty diagnostics laboratory partner in immunology, infectious disease and allergy testing, for $255 million, subject to post-closing adjustments. Fredrikson also represented Eurofins in its 2014 acquisitions of Merck Millipore’s pharmaceutical discovery and development solutions business in the US and UK, and Underwriters Laboratories’ consumer and municipal water testing business.

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King & Spalding Advises Kuveyt Turk on US$500 Million Senior Unsecured Notes

King & Spalding advised Kuveyt Turk Katilim Bankasi A.S. (Kuveyt Turk), one of the leading Turkish participation banks, on the issuance of US$500 million senior unsecured certificates due 2019. The certificates, which are listed on the Irish Stock Exchange, are issued through KT Kira Sertifikilari Varlik Kiralama A.S., the Turkish asset leasing company. The transaction was substantially oversubscribed.

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Tags:  King & Spalding LLP | Dubai

Mourant Ozannes advises on £924 million takeover of Heritage Oil

Leading offshore law firm Mourant Ozannes has advised Heritage Oil Plc on its takeover by Energy Investments Global Ltd, a wholly-owned subsidiary of Al Mirqab Capital SPC.

The takeover, which was implemented by way of a Jersey court sanctioned scheme of arrangement, valued Heritage Oil at approximately £924 million. Anthony Buckingham, Heritage Oil’s CEO, retained a 20 per cent interest in Heritage Oil following completion of the takeover.

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Paul Hastings Represents RBC and Credit Suisse in $850 Million High Yield Bond Offering by Sanchez Energy

Paul Hastings LLP, a leading global law firm, announced today that the firm represented RBC Capital Markets, LLC and Credit Suisse Securities (USA) LLC as joint bookrunning managers in connection with the offering of $850 million principal amount of 6.125% senior notes due 2023 by Sanchez Energy Corporation, an independent exploration and production company focused on the acquisition and development of unconventional oil resources in the onshore U.S. Gulf Coast. 
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Tags:  Paul Hastings, LLP | New York

Hilton Completes $2.3 Billion Secondary Offering

The Firm represented Hilton Worldwide Holdings Inc. in connection with a $2.3 billion secondary offering, consisting of 103,500,000 shares of common stock (including 13,500,000 shares sold pursuant to the underwriters’ full exercise of their option to purchase additional shares) at a public offering price of $22.50 per share.

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