Paul Hastings LLP, a leading global law firm, represented GE Capital as joint lead arranger and sole administrative agent in connection with the repricing of a $515 million term loan credit facility for Waupaca Foundry, Inc., the world’s largest suppliers of gray iron castings, ductile iron castings, ADI castings, and compacted graphite iron castings.
Tags: Paul Hastings, LLPShearman & Sterling Advises Genmab A/S in Connection with $180 Million Private Placement
Shearman & Sterling Advises Jaguar Land Rover on its First Tender Offers
Firm Represents Underwriters in €1.75 Billion Debt Offering by Philip Morris International Inc.
The Firm represented the underwriters, led by BNP Paribas, Deutsche Bank AG, London Branch, Goldman, Sachs & Co. and Société Générale as joint book-running managers, in connection with an offering by Philip Morris International Inc. of €750 million of 1.875% Notes due 2021 and €1 billion of 2.875% Notes due 2026. The notes were sold in a public offering and will be listed for trading on the New York Stock Exchange.
White & Case Advises Avast Software on Sale of Significant Minority Stake to CVC Capital Partners
Global law firm White & Case LLP has advised Avast Software, one of the world’s major players in the antivirus market, and a selling shareholder consortium on the sale of a significant minority stake to CVC Capital Partners, one of the world’s leading private equity and investment advisory firms.
Supporting the successful completion of the deal included advising on the new US borrower financing that supported CVC’s acquisition of an approximate 40 percent interest in Avast, which values the Prague-based business at around US$1 billion. More >>
Tags: White & Case LLPSL Green Realty Closes $360 Million Refinancing
Paul, Weiss client SL Green Realty Corp., New York City’s largest office landlord, in a joint venture with affiliates of a life insurance company, completed a $360 million refinancing of the joint venture’s office property at 100 Park Avenue. The loan was provided by a syndicate led by Landesbank Hessen-Thuringen Girozentrale.
Cooley Advises Coverity on $375 Million Acquisition by Synopsys
Cooley LLP announced today that it advised Coverity on its $375 million acquisition by Synopsys. Coverity is the development testing leader and the trusted standard for companies that need to protect their brands and bottom lines from software failures.
Tags: Cooley LLPKalahari Minerals sold for £650 million – advised by Lawrence Graham
International business law firm Lawrence Graham LLP (LG) has advised Kalahari Minerals Plc in its sale to Taurus Mineral, a newly incorporated company formed at the direction of CGNPC-Uranium Resources Co. Ltd and the China-Africa Development Fund, for £650 million. This is only the second acquisition of a UK-listed company by a Chinese state-owned enterprise.
Tags: AshurstPaul Hastings Advises Gemdale on Guaranteed Bonds Issuance
Paul Hastings, a leading global law firm, announced today that it advised Gemdale (Asia) Investment Limited (“Gemdale”), a wholly-owned subsidiary of Famous Commercial Limited (“Famous”), on its issuance of RMB1,050 million guaranteed bonds (“Bonds”), due 2017. Standard Chartered Bank (Hong Kong) Limited, CICC HK Securities, Credit Suisse, DBS Bank Ltd., Deutsche Bank, The Hongkong and Shanghai Banking Corporation, and Industrial and Commercial Bank of China (Asia) Limited acted as the underwriters. The Hongkong and Shanghai Banking Corporation also acted as the trustee. More >>
Tags: Paul Hastings, LLPSimpson Thacher Represents Tyco in the $1.93 Billion Sale of its South Korean Security Business to Carlyle
The Firm is representing Tyco (NYSE: TYC) in connection with its definitive agreement to sell Tyco Fire & Security Services Korea Co. and its subsidiaries, ADT Caps Co., Ltd., Capstec Co., Ltd. and ADT Security Co., Ltd., (combined “ADT Korea”) to The Carlyle Group, in a cash transaction valued at approximately $1.93 billion. The transaction is expected to close in Tyco’s fiscal third quarter of 2014 and is subject to customary closing conditions including required regulatory approval.
Tags: Simpson Thacher & Bartlett LLP