Mayer Brown represents New Gulf Resources, LLC on $500 million high yield offerings of senior secured and subordinated PIK toggle notes

Friday, June 6, 2014
Mayer Brown, a leading global law firm, advised New Gulf Resources, LLC, an Oklahoma-based oil & gas exploration and production company, on concurrent private high-yield notes offerings of $365 million 11.75% senior secured notes due 2019 and $135 million subordinated payment-in-kind (PIK) toggle notes due 2019 with warrants. New Gulf Resources used the proceeds of the high yield bonds to acquire more than 80,000 acres of oil & gas properties in Texas. Global Hunter Securities and The Seaport Group acted as the placement agents in the offering.

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Paul Hastings Represents Underwriters in $1 Billion Bond Offering for Banco Inbursa

Friday, June 6, 2014

Paul Hastings, a leading global law firm, announced today that the firm acted as counsel to the underwriters Credit Suisse, Bank of America Merrill Lynch and Citigroup in the offering of $1 billion of 4.125% 10 year bonds by Banco Inbursa, S.A., a leading Mexican commercial bank, which is controlled by Carlos Slim and members of the Slim family.  The offering was Banco Inbursa’s first ever international debt offering.

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Simpson Thacher Represents Cedar Fair, L.P. in $450 Million Senior Notes Offering

Friday, June 6, 2014

The Firm represented Cedar Fair, L.P. (“Cedar Fair”) in connection with a Rule 144A/Regulation S offering of $450,000,000 aggregate principal amount of 5.375% senior unsecured notes due 2024 (the “2024 Senior Notes”) issued by Cedar Fair, Magnum Management Corporation and Canada’s Wonderland Company, as co-issuers (“Co-Issuers”). The 2024 Senior Notes are fully and unconditionally guaranteed by all existing and future subsidiaries that guarantee the Co-Issuers’ senior secured credit facility. Cedar Fair used the net proceeds from the offering of the 2024 Senior Notes to redeem all of the outstanding 9.125% senior unsecured notes due 2018 (the “2018 Senior Notes”) issued by the Co-Issuers, exercise the Co-Issuers’ right to satisfy and discharge the indenture governing the 2018 Senior Notes and for general corporate purposes. 
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Dentons counsel to underwriters in successful $318 million Keyera Corp. public offering

Friday, June 6, 2014

A Dentons team led by Tim Haney and including Lucas Tomei and Dan Shea acted as counsel for the underwriters in the successful completion of Keyera Corp.’s public offering of 3,750,000 common shares, as well as the sale of an additional 562,500 common shares pursuant to the over-allotment option exercised by the underwriters in connection with the public offering.

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Freshfields advises Ministry of Defence on procurement of strategic business partner for the Defence Infrastructure Organisation

Friday, June 6, 2014
International law firm Freshfields Bruckhaus Deringer has advised the UK’s Ministry of Defence on its competition to appoint a strategic business partner for the Defence Infrastructure Organisation (DIO) – the organisation which manages and develops the U.K’s national and international defence estate portfolio.
The ten year contract, worth approximately £400 million, was this week awarded to Capita, who will work in conjunction with URS and PA Consulting.

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Goodwin Represents Teva in $200 Million Acquisition of Labrys Biologics, Total Potential Purchase Price of $825 Million

Friday, June 6, 2014
A team of Goodwin Procter attorneys recently represented Teva Pharmaceutical Industries in its announced purchase of Labrys Biologics, a privately held development-stage biotechnology company focused on a novel treatment (LBR-101) for migraine pain, bolstering Teva’s growing pain care franchise.
Teva will acquire Labrys for $200 million in cash upfront at closing as well as up to $625 million in contingent payments upon achievement of certain pre-launch milestones. Potential peak sales for LBR-101 are estimated to reach $2 billion to $3 billion.

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Tags:  Goodwin Procter LLP