Paul Hastings LLP, a leading global law firm, represented Santander, Credit Suisse, BBVA, BTG Pactual, Evercore, Goldman, Sachs & Co., HSBC and UBS Investment Bank as initial purchasers in connection with Fibra Uno’s US$2.5 billion follow-on equity offering, the largest equity offering ever in the real estate sector in Latin America.  Fibra Uno’s follow-on offering is also the third largest equity offering ever in Mexico, following only Santander’s US$4.1 billion IPO in 2012 and Telemex’s US$2.8 billion IPO in 2000.  This oversubscribed offering marks the fourth equity offering by Fibra Uno, which has now issued approximately US$5.5 billion in equity since its IPO in 2011.  The issued stock was offered publicly in Mexico on the Mexican Stock Exchange and internationally pursuant to Rule 144A and Regulation S.  
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Perkins Coie represented client Strategic Hotels & Resorts, Inc. (NYSE: BEE), a real estate investment trust (REIT) which owns and provides value enhancing asset management of high-end hotels and resorts in the United States and Europe, in its purchase of the remaining 63.6 percent ownership interest in the Hotel del Coronado from The Blackstone Group, L.P., one of the world’s leading investment and advisory firms, for $210 million in cash. With the completion of the acquisition, Strategic Hotels & Resorts will have 100 percent ownership of the Hotel del Coronado in San Diego, California.
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Global law firm Proskauer represented American Realty Capital Properties, Inc. (NASDAQ: ARCP) in its agreement to sell its multi-tenant shopping center portfolio for $1.975 billion in cash to a joint venture between affiliates of Blackstone Real Estate Partners VII and DDR Corporation. The portfolio consists of 76 shopping centers, totaling 16.4 million square feet, in prime cities including Los Angeles, Houston, Denver, Chicago, Atlanta, Washington D.C. and Phoenix. The transaction is expected to close by late third quarter 2014, subject to customary closing conditions.

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Robins, Kaplan, Miller & Ciresi L.L.P. is pleased to announce that The Goldman Sachs Group and Bain Capital Partners have agreed to pay a total $121 million in settlement of the firm’s class of plaintiffs clients in Dahl v. Bain Capital Partners. Bain has agreed to a settlement for $54 million, and Goldman Sachs agreed to a $67 million settlement, as two of seven defendants in that case. Plaintiffs are former shareholders of certain public companies who sold their shares to the Defendant private equity firms in large leveraged buyouts (“LBOs”) announced between 2003 and 2007.

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Shearman & Sterling represented Barclays Capital Inc., Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC and RBC Capital Markets, LLC as joint bookrunning managers and Lloyds Securities Inc. and SMBC Nikko Securities America, Inc. as co-managers in connection with Ford Motor Credit Company LLC’s offering of $650,000,000 aggregate principal amount of its Floating Rate Notes due March 12, 2019 and $1,100,000,000 aggregate principal amount of its 2.375% Notes due March 12, 2019.

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Herbert Smith Freehills has recently advised Etablissements Maurel & Prom, a French oil company engaged in hydrocarbon exploration and production, on the issue of net share settled bonds convertible into new shares and/or exchangeable for existing shares (ORNANE) for a nominal amount of approximately €220 million, raised to approximately €253 million after exercise in full of the over-allotment option.

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Akin Gump advised Metropolitan Edison Company (Met-Ed) and Pennsylvania Electric Company (Penelec), wholly owned subsidiaries of FirstEnergy Corp., with respect to the issuance by Met-Ed of $250 million aggregate principal amount of its 4.000 percent senior unsecured notes due 2025 and the issuance by Penelec of $200 million aggregate principal amount of its 4.150 percent senior unsecured notes due 2025.  The notes were offered in transactions exempt from registration pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended.

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Cahill represented Deutsche Bank Securities, RBS and the other underwriters in connection with the public offering of $1,600,000,000 comprised of $800,000,000 aggregate principal amount of 3.65% Notes due 2024 and $800,000,000 aggregate principal amount of 4.80% Notes due 2044 by International Paper Company. Cahill also represented the dealer managers in connection with the tender offer for up to an aggregate principal amount of $1,000,000,000 of International Paper’s outstanding 7.95% notes due 2018 and 9.375% notes due 2019.
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