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.
Tags: Paul Hastings, LLP
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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Davis Polk advised Tencent Holdings Ltd. in connection with its purchase of 139,493,960 Class A ordinary shares of JD.com, Inc. in a concurrent private placement as part of JD’s IPO for an aggregate purchase price of $1.3 billion.
Tags: Davis Polk & Wardwell LLP
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.
Tags: Dentons
Cahill represented the lead underwriters in connection with the public offering of 23,000,000 shares of Common Stock of Aramark (NYSE: ARMK), a leading global provider of food, facilities and uniform services, resulting in gross proceeds of $586,500,000. The selling stockholders received all of the proceeds of the sale.
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The Firm represented Aramark in connection with a $586.5 million secondary offering, consisting of a sale by certain selling stockholders of 23,000,000 shares of common stock (including 3,000,000 shares sold pursuant to the underwriters’ full exercise of their option) at a public offering price of $25.50 per share.
Tags: Simpson Thacher & Bartlett LLP
Carlton Fields Jorden Burt recently represented Intcomex, Inc. in the closing of a $150 million asset-backed, revolving loan facility. The transaction closed on January 10, 2014. This facility is secured by the accounts receivables of Intcomex’s foreign subsidiaries located in nine different jurisdictions in Latin America.
Tags: Carlton Fields, P.A.
Herbert Smith Freehills is pleased to announce that the firm has advised Range Resources Limited on its Integrated Master Services Agreement with LandOcean Energy Services Co. Ltd.
Under the services agreement, LandOcean is a preferred services contractor for Range Resources and will provide oilfield services including geoscience, engineering, procurement and construction to Range in order to development its upstream assets. In addition, LandOcean will be entitled to a bonus where its services increase petroleum production in Range Resources’ upstream assets. The services agreement is estimated to cover a total of up to US$400 million in services.
Tags: Herbert Smith Freehills Kramer LLP