Simpson Thacher Represents JPMorgan in Refinancing of Philip Morris International Inc.’s $2.5 Billion Revolving Credit Facility

Friday, March 7, 2014

Simpson Thacher recently represented the arrangers, led by J.P. Morgan Europe Limited and JPMorgan Chase Bank, N.A., as facility agent and swingline agent, respectively, in connection with the refinancing of Philip Morris International Inc.’s $2.5 billion revolving credit facility, extending its maturity to February 2019.

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Paul Hastings Represents Underwriters in Poly Cultural Group’s US$331 Million H-share Listing

Thursday, March 6, 2014

Paul Hastings, a leading global law firm, announced today that the firm represented CITIC Securities Corporate Finance (HK) Limited as the sole sponsor and CLSA Limited as the sole global coordinator, bookrunner and lead manager in Poly Cultural Group Corporation Limited’s (“Poly Cultural Group”) US$331 million global offering and listing of its H-shares on the Main Board of the Hong Kong Stock Exchange. More >>

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Clifford Chance Advises Carlyle on Acquisition of ADT Korea from Tyco for US$1.93 Billion

Wednesday, March 5, 2014
Leading international law firm Clifford Chance is advising The Carlyle Group on its acquisition of Tyco Fire & Security Services Korea Co. Ltd. and its subsidiaries (ADT Caps Co., Ltd., Capstec Co., Ltd. and ADT Security Co., Ltd.) that form and operate the company’s Korean security business (“ADT Korea”), from US-listed Tyco, the world’s largest pure-play fire protection and security company, for approximately US$1.93 billion. The transaction is the largest private equity buyout deal in US dollar value in Korea since 2008 and subject to regulatory approval, is expected to close in the second quarter of 2014.

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Paul Hastings Advises J.P. Morgan as Depositary Bank on Fast Retailing’s HDR Listing

Wednesday, March 5, 2014

Paul Hastings, a leading global law firm, announced today that the firm advised JPMorgan Chase Bank, N.A. as the depositary bank on Fast Retailing Co., Ltd.’s (“Fast Retailing”) secondary listing of Hong Kong depositary receipts (“HDRs”) on the Main Board of The Stock Exchange of Hong Kong Limited (“SEHK”) by way of introduction. Morgan Stanley Asia Limited acted as the sole sponsor. More >>

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