In its second large private equity high yield financing in the past month, Milbank, Tweed, Hadley & McCloy advised the initial purchasers in a $300 million high-yield notes offering, the proceeds of which were used to finance the acquisition of Hearthside Food Solutions by affiliates of Goldman Sachs PIA and Vestar Capital Partners. The notes offering closed on May 13, 2014 and the acquisition closed on June 2, 2014.
Tags: Milbank LLP
Cooley LLP announced today that it advised longtime client CardioMEMS, Inc., a medical device company that has developed a proprietary wireless sensing and communication technology for the human body, on its acquisition by St. Jude Medical, Inc.
Tags: Cooley LLP
Cahill represented Barclays Bank as administrative agent and lead arranger and the other lead arrangers in connection with the $665,000,000 credit facility comprised of a Term B loan and revolver for Hearthside Group Holdings, LLC.
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Simpson Thacher represented the initial purchasers, led by Credit Suisse Securities (USA), in connection with a Rule 144A/Regulation S offering by Energy Transfer Equity, L.P. (“ETE”) of $700 million aggregate principal amount of its 5.875% Senior Notes due 2024. The notes represent a further issuance of 5.875% Senior due 2024.
Tags: Simpson Thacher & Bartlett LLPVinson & Elkins advised Axip Energy Services, LP in the sale of its international contract compression and processing business, as well as the after-market services business to Enerflex Ltd. for $430 million in cash.
Cahill Represented J.P. Morgan, Wells Fargo Securities, BMO Capital Markets, and Mitsubishi UFJ Securities as joint book-running managers and BofA Merrill Lynch, BBVA, Comerica Securities, and Scotiabank as senior co-managers in connection with the public offering of $500,000,000 aggregate principal amount of 5.875% Senior Notes due 2024 by Rosetta Resources Inc. Proceeds were used to refinance existing indebtedness.
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Cahill represented J.P. Morgan and Wells Fargo Securities as joint book-running managers and Mizuho Securities as co-manager in connection with the public offering of $500,000,000 aggregate principal amount of 4.25% Senior Notes due 2024 by The NASDAQ OMX Group, Inc. Proceeds were used to refinance existing indebtedness.
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Cravath represented Time Warner Inc. in connection with its US$2 billion registered debt offering. The transaction closed on May 28, 2014.
Element Financial Corporation, one of North America’s leading equipment finance companies, announced that it has entered into a definitive agreement to acquire PHH Arval, the North American fleet management services business of PHH Corporation, for approximately US$1.4 billion in cash. Cravath represented Element in connection with this transaction, which is expected to close by July 31 and is subject to customary closing conditions.
Herbert Smith Freehills is pleased to be advising Citigroup Global Markets Australia Pty Limited, Macquarie Capital (Australia) Limited and Merrill Lynch Equities (Australia) Limited in relation to their role as joint lead managers of Asaleo Care Limited’s (Asaleo) initial public offering (IPO) and listing on the Australian Securities Exchange.
Tags: Herbert Smith Freehills Kramer LLP