Simpson Thacher Represents Initial Purchasers in Additional Senior Notes Offering by Energy Transfer Equity, L.P.

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.

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Tags:  Simpson Thacher & Bartlett LLP

Cahill Represents Underwriters in $500 Million Notes Offering by Rosetta Resources

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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Tags:  Cahill Gordon & Reindel LLP

Element’s $1.4 Billion Acquisition of PHH Corporation’s North American Fleet Management Business

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.

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Linklaters advises Merrill Lynch International and J.P. Morgan on the sale by Wendel of 24 million shares in Saint-Gobain

Linklaters advised Merrill Lynch International and J.P. Morgan in the context of the disposal by Wendel, a listed investment company, of 24 million shares which Wendel held in Saint-Gobain, the world leader in the building materials and construction. This disposal represents approximately 4.3% of the total share capital of Saint-Gobain, with a value of around one billion euro.

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Tags:  Linklaters LLP