Central European Media Enterprises Ltd. announced that it has entered into an agreement with Willkie client Time Warner Inc. and one of its affiliates to finance the redemption of CME’s €272,972,000 aggregate principal amount of 11.625% senior notes due 2016. The transaction is valued at $542 million. CME also filed a rights offering registration statement.
Tags: Willkie Farr & Gallagher LLP
The City of Philadelphia, represented by Ballard Spahr, announced today that it has signed an agreement to sell the assets of the Philadelphia Gas Works (PGW) to UIL Holdings Corporation (UIL) for $1.86 billion. The sale, which will enhance the City’s financial health by injecting at least $424 million in net proceeds into its pension fund, must be approved by City Council and the Pennsylvania Public Utility Commission prior to closing.
Tags: Ballard Spahr LLP
Skadden is representing Classified Ventures, LLC in the $585 million sale of its Apartments.com business to CoStar Group, Inc., announced on March 3. More >>
Tags: Skadden, Arps, Slate, Meagher & Flom LLP
Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised Crédit Agricole Corporate and Investment Bank (“CACIB”) in relation to a US$200m loan facility made available to Petredec to provide financing for its acquisition of four 84,000 CBM LPG carriers under construction at Hyundai Heavy Industries Co., Ltd in South Korea.
Tags: Watson Farley & Williams LLPWilliams Partners L.P. (NYSE:WPZ) entered into a contribution agreement to acquire from The Williams Companies, Inc. (NYSE:WMB) 100% of the membership interests in Williams Energy Canada ULC (“WECU”) for approximately $1.2 billion. The transaction closed on March 3, 2014. More >>
Clifford Chance has advised Deutsche Bank Luxembourg S.A. on a EUR 3 billion syndicated credit facility for HeidelbergCement AG. The facility comprises a new five-year revolving credit line which extends the maturity date of its existing EUR 3 billion credit facility to 2019.
Tags: Clifford Chance LLP
Hogan Lovells has successfully advised Paris-headquartered EuropaCorp, a top-tier European film studio, on the formation of a U.S. joint venture with Beverly Hills-based Relativity Media. More >>
Tags: Hogan Lovells
Clifford Chance advises SMA Solar Technology AG (SMA) based in Niestetal (Germany) on the full acquisition of the solar inverter business of Denmark-based Danfoss A/S and an agreement to form a strategic alliance between the two companies. The transaction is subject to clearance by the competent cartel authorities.
Tags: Clifford Chance LLP | Germany