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.
Shearman & Sterling Advises Underwriters in Ford Motor Credit Company’s $1.75 Billion Notes Offering
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.
Tags: Shearman & Sterling LLP
Herbert Smith Freehills advises Maurel & Prom on its €253 million issue of ORNANE
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.
Tags: Herbert Smith Freehills Kramer LLP
Holland & Knight Mexico Team Assists Fibra UNO in $2.5 Billion Public Offering
A team of attorneys from Holland & Knight’s Mexico office represented Fibra UNO, Mexico’s first publicly traded REIT, on its third global and landmark follow-on public offering, valued at US $2.5 billion. Under the terms of the deal, Fibra UNO offered 800.4 million CBFIs (shares), including an overallotment option and a hot deal option.
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Dentons advises Emirates Steel Industries and Senaat on their US$1.3 billion refinancing
Dentons announced that it has advised Emirates Steel Industries (ESI) and Senaat on their recent US$1.3 billion refinancing. The transaction is one of the largest to have closed in the UAE this year and involves an innovative hybrid corporate/project financing structure which allowed ESI to obtain highly competitive terms. Both international and local banks participated in the financing, which contained conventional and Islamic tranches.
Tags: Dentons | Dubai
Akin Gump Advises FirstEnergy Corp. Subsidiaries in Pair of Deals
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.
Tags: Akin Gump Strauss Hauer & Feld LLP
Cahill Represents Underwriters in $1.6 Billion Notes Offering by International Paper
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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Metrovacesa to Sell Gecina Stake for $2.1 Billion
Orrick is advising Metrovacesa SA on the sale of its 26.74 percent stake in the French real estate investment trust Gecina SA for 1.55 billion euros (US$2.11 billion) to a group of investors, which include Norges Bank, Credit Agricole Assurances, Blackstone and Ivanhoe Cambridge.
Willkie Represents Thales Group in Closing of $400 Million Acquisition of LiveTV from JetBlue
On June 10, it was announced that Willkie client Thales Group had completed its acquisition of LiveTV from JetBlue Airways for approximately $400 million in cash. The acquisition, which was initially announced on March 13, 2014, will allow LiveTV to continue the innovation that has set it apart as the leader in inflight entertainment and onboard connectivity under Thales ownership. JetBlue will maintain its relationship with LiveTV to continue providing customers with differentiated, industry-leading inflight entertainment and connectivity products.
Tags: Willkie Farr & Gallagher LLP Dentons advises Emirates Steel Industries and Senaat on their US$1.3 billion refinancing
Dentons announced that it has advised Emirates Steel Industries (ESI) and Senaat on their recent US$1.3 billion refinancing. The transaction is one of the largest to have closed in the UAE this year and involves an innovative hybrid corporate/project financing structure which allowed ESI to obtain highly competitive terms. Both international and local banks participated in the financing, which contained conventional and Islamic tranches.
Tags: Dentons | Dubai