Linklaters has advised HSH Nordbank AG on an innovative asset-based lending structure. The reference portfolio consists of ship loan receivables of HSH Nordbank.
Tags: Linklaters LLP
Simpson Thacher Represents Kronos in Connection with its Recapitalization Transaction with Blackstone and GIC
Simpson Thacher is representing Kronos Parent Corporation and its controlling stockholders, investment funds affiliated with Hellman & Friedman LLC, in connection with Kronos’s pending recapitalization transaction. In connection with the transaction, investment funds managed by Blackstone and GIC will make a $750,000,000 investment in Kronos and will acquire a minority stake in the company. The transaction is subject to customary closing conditions, including receipt of regulatory approvals.
Tags: Simpson Thacher & Bartlett LLP
Milbank Represents Partners Group in $750M Investment in Mexico’s Leading Gas Infrastructure Provider Fermaca
In a noteworthy cross-border deal showcasing its Latin America, corporate and finance practices, Milbank, Tweed, Hadley & McCloy LLP has represented Swiss private equity firm Partners Group in making a majority investment in Mexico’s leading gas infrastructure firm, valued at approximately $750 million.
Tags: Milbank LLP | Mexico City
Colfax to Acquire Victor Technologies
Skadden is representing Colfax Corporation, a fluid-handling products manufacturer, in its $947 million acquisition of Victor Technologies Group Inc., an industrial equipment maker, from Irving Place Capital, announced on February 12. More >>
Tags: Skadden, Arps, Slate, Meagher & Flom LLP
Akin Gump Counsels Diamondback Energy in Stock Offering and $288.3M Leasehold Purchases
An Akin Gump team led by corporate partner Seth Molay advised Diamondback Energy in its three pending acquisitions of additional acreage in the Permian Basin and an underwritten public offering to fund a portion of the purchase price for these acquisitions. The offering of three million shares of Diamondback common stock was launched on February 20, 2014, and priced that night at $62.67 per share, for estimated net proceeds at closing of $181.3 million. The underwriters will have an option to purchase up to an additional 450,000 shares of common stock from Diamondback. All of the shares to be sold in the offering are being sold by Diamondback.
Tags: Akin Gump Strauss Hauer & Feld LLP
Cahill Represents Underwriters in $1 Billion Public Offering by CIT Group
Cahill represented BofA Merrill Lynch, Credit Suisse, and Morgan Stanley as joint book-running managers and the co-managers in connection with the public offering of $1,000,000,000 aggregate principal amount of 3.875% Senior Unsecured Notes due 2019 by CIT Group Inc. Proceeds from the offering will be used for general corporate purposes. More >>
Tags: Cahill Gordon & Reindel LLPChadbourne Represents US Department of Energy in US$8.3 Billion Financing of First Nuclear Facility in the United States in 30 Years
Chadbourne & Parke LLP represented the US Department of Energy (DOE) as transaction counsel in connection with loan guarantees for up to US$6.5 billion in loans to Georgia Power Company and Oglethorpe Power Corporation to finance the construction of their shares of the 2,200 MW expansion of the Alvin W. Vogtle Electric Generating Plant in Burke County, Georgia. The plant is first new nuclear power facility under construction in the US in more than 30 years.
The loan guarantees were issued on February 20, 2014 for up to US$3.5 billion in loans for Georgia Power Company, and up to US$3 billion in loans for Oglethorpe Power Corporation, respectively.
Herbert Smith Freehills advises China Metal Resources Utilization Limited on Hong Kong IPO
Herbert Smith Freehills has advised China Metal Resources Utilization Limited on a HK$698.8 million Hong Kong initial public offering.
Herbert Smith Freehills represented China Metal Resources Utilization Limited (“CMRU”) on its HK$698.8 million Hong Kong public offering and Regulation S global offering. The issuer’s Hong Kong public offering was very significantly over-subscribed by 17.92 times. The issuer’s shares commenced trading on the Hong Kong Stock Exchange on 21 February 2014.
Tags: Herbert Smith Freehills LLP | Hong Kong
Shearman & Sterling Advises Underwriters in Atmos Energy’s Offering of 9,200,000 Shares of Common Stock
Shearman & Sterling acted as counsel to the underwriters represented by J.P. Morgan Securities LLC and Goldman, Sachs & Co. in connection with Atmos Energy’s offering of 9,200,000 shares of common stock.
Tags: Shearman & Sterling LLPAdvising R-Pharm on the Acquisition of a Production Plant from Pfizer
International law firm Simmons & Simmons has advised Russian R-Pharm group on the acquisition of a production plant from Pfizer as well as a cooperation agreement.
The plant acquired by R-Pharm is located in the Bavarian town of Illertissen. The plant is producing Campix, a medication used to treat nicotine addiction which is now produced by R-Pharm for Pfizer.
