Cravath represented Rogers Communications Inc. in connection with its US$750.0 million registered senior debt offering. Rogers Communications Inc. is Canada’s largest provider of wireless voice and data communications services and one of Canada’s leading providers of cable television, high‑speed internet and telephony services. The transaction closed on March 10, 2014.
Cooley Advises Underwriters on Coupons.com’s Initial Public Offering
Cooley LLP announced today that it advised the underwriters on Coupons.com Incorporated’s $168 million initial public offering. Coupons.com, the leader in digital coupons, now trades on the New York Stock Exchange under the symbol “COUP.”
Tags: Cooley LLPMinerals Technologies Inc.’s Acquisition of AMCOL International
Minerals Technologies Inc. (“MTI”) and AMCOL International Corporation announced that they have signed a definitive merger agreement under which MTI will acquire AMCOL for $45.75 per share in cash, or a total value of approximately $1.7 billion. This transaction resulted from an unsolicited offer by MTI following the announcement of AMCOL’s proposed acquisition by Paris‑based Imerys S.A. on February 12, 2014 and a series of competing public bids by MTI and Imerys. Cravath represented Minerals Technologies in connection with this transaction, which has been unanimously approved by the boards of directors of both companies and is expected to close in the first half of 2014, subject to customary closing conditions.
Public Service Company of Colorado $300,000,000 in First Mortgage Bonds Offering
Hunton & Williams LLP advised BNP Paribas Securities Corp., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Scotia Capital (USA) Inc. and U.S. Bancorp Investments, Inc., as joint book-running managers on an SEC-registered offering by Public Service Company of Colorado (“PSCo”) of $300 million aggregate principal amount of first mortgage bonds due 2044.
Simpson Thacher Represents Underwriters in $2 Billion Convertible Senior Notes Offering by Tesla Motors, Inc.
Simpson Thacher & Bartlett LLP recently represented Goldman, Sachs & Co., Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and Deutsche Bank Securities Inc. as underwriters in the offering by Tesla Motors, Inc. of $800 million of 0.25% Convertible Senior Notes due 2019 and $1.2 billion of 1.25% Convertible Senior Notes due 2021. Tesla intends to use the net proceeds from the offering to accelerate the growth of its business in the U.S. and internationally, for the development and production of its “Gen III” mass market vehicle, the development of the Tesla Gigafactory and other general corporate purposes.
In connection with the notes offering, the firm also represented counterparties in related convertible note hedge transactions and warrant transactions under which Tesla purchased call options and sold warrants covering the amount of common stock initially underlying the notes. Tesla used a portion of the proceeds from the offering to pay the net cost of such convertible note hedge transactions.
Tags: Simpson Thacher & Bartlett LLP
Paul Hastings Advises Lenders in Financing Fieldwood’s Acquisition of Assets from SandRidge Energy
Paul Hastings LLP, a leading global law firm, represented Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Goldman Sachs Bank USA as joint lead arrangers and Citibank, N.A. as administrative agent in connection with the financing for Fieldwood Energy LLC’s acquisition of certain offshore Gulf of Mexico and onshore Gulf Coast oil and gas assets from SandRidge Energy Inc. More >>
Tags: Paul Hastings, LLP
Dentons Advises Southampton Council on £400 million Royal Pier Waterfront Development
Dentons has advised Southampton City Council on the procurement of a development partner and the signing of a development agreement for the £400 million development of the Royal Pier Waterfront. The parties to the agreement include the three main landowners, the council, Associated British Ports and The Crown Estate Commissioners, and RPW (Southampton) Limited (a joint venture company owned by the selected development partner Morgan Sindall Investments Limited (MSIL) and their funders The Lucent Group (Lucent)). Dentons also advised the council on the contractual joint venture between the landowners and other associated documentation.
Tags: DentonsClark Wilson Acts for Anthem Properties in a $200 Million Acquisition
Clark Wilson acted for Vancouver’s Anthem Properties Group in its recent acquisition of United Communities, a Calgary-based residential land developer with operations in Calgary, Edmonton and Sacramento, California, in a $200 million transaction. Alex Petrenko, James Speakman, Adam Dlin and Rachelle Mezzarobba acted in respect of the purchase transactions, with David Kington, Rosemary John and Jyotika Reddy acting in respect of the transaction financing. More details on the transaction can be found at Business in Vancouver and the Calgary Herald.
Dechert Providing Antitrust Counsel to Albertsons in Merger with Safeway
Dechert D.C.-based partners Paul T. Denis and James A. Fishkin are providing antitrust counsel to Albertsons in its proposed merger with Safeway that was announced today. The transaction values Safeway at over $9 billion.
Tags: Dechert LLP
Caesars Entertainment to Sell Assets
Skadden is representing the special committee of the managing member of Caesars Growth Partners, a joint venture partly owned by Caesars Entertainment Corp., in Caesars Entertainment’s $2 billion sale of four casino properties to the joint venture, announced on March 4. More >>
Tags: Skadden, Arps, Slate, Meagher & Flom LLP