The Firm is representing DIRECTV’s Compensation Committee in connection to AT&T’s acquisition of DIRECTV in a stock-and-cash transaction with a total equity value of $48.5 billion and a total transaction value of $67.1 billion. The merger is subject to approval by DIRECTV shareholders and review by the U.S. Federal Communications Commission, U.S. Department of Justice, as well as a few U.S. states and some Latin American countries. The transaction is expected to close within approximately 12 months.

More >>

A Weil team led by Fred Green and Mike Lubowitz is advising DirecTV in its proposed acquisition by AT&T.

The transaction combines complementary strengths to create a unique new competitor with unprecedented capabilities in mobility, video and broadband services. The combined company will be a content distribution leader across mobile, video and broadband platforms. This distribution scale will position the company to better meet consumers’ future viewing and programming preferences, whether traditional pay TV, on-demand video services like Netflix or Hulu streamed over a broadband connection (mobile or fixed) or a combination of viewing preferences on any screen. DIRECTV will continue to be headquartered in El Segundo, California, after the deal closes. More >>

Simpson Thacher represented Deutsche Bank Securities Inc., Barclays Bank PLC, Citigroup Global Markets Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated as lead arrangers in connection with a new senior secured credit facility, consisting of a $4.6 billion term loan facility and a $500 million revolving credit facility, for Avago Technologies Limited. The proceeds were used to finance the acquisition of LSI Corporation.

More >>

The firm recently advised Insight Venture Partners as sponsor in the formation of Insight Venture Partners Co-Investment Fund III, L.P., a $510 million co-investment fund to invest alongside Insight Venture Partners VIII, L.P. and its successor fund in growth-stage software, software-enabled services, and Internet businesses. More >>

Simpson Thacher recently represented the initial purchasers, led by Citigroup, J.P. Morgan and HSBC, as joint book-running managers, in connection with a Rule 144A/Regulation S offering of $400 million of 2.803% Senior Secured Notes due 2016, $400 million of 3.839% Senior Secured Notes due 2018, $400 million of 4.435% Senior Secured Notes due 2020, $400 million of 5.082% Senior Secured Notes due 2023 and $400 million of 5.412% Senior Secured Notes due 2025 by Delek & Avner (Tamar Bond) Ltd. (the “Issuer”), a limited liability company formed by the Delek Drilling Limited Partnership and Avner Oil Exploration Limited Partnership (together, the “Sponsors”). The notes are listed for trading on the system of the Tel Aviv Stock Exchange for trading by institutional investors, and recourse on the notes is limited to the Sponsors’ working interests in the Tamar natural gas reservoir located in the Mediterranean Sea offshore of Israel. More >>

CCMP will acquire a controlling interest in Hillman from Oak Hill Capital Partners in a transaction valuing the company at $1.475 billion. CCMP is investing in partnership with Hillman’s current management team. Oak Hill Capital and its affiliates will retain a significant minority interest in the company. Founded in 1964 as a fastener and keys company, Hillman is a leader in the hardware and home improvement industry offering products for commercial and residential uses, as well as inventory management and in-store merchandising services. Today the company provides a comprehensive solution to its retail customers for managing SKU-intensive, complex home improvement categories, distributing over 130,000 SKUs in categories including fasteners, key duplication systems, letters, numbers and signs, engraved tags, builder’s hardware, and the recently added nail, deck and drywall category. Hillman has over 26,000 retail customers in the U.S., Canada, Mexico, South America and Australia and serves home improvement centers, mass merchants, national and regional hardware stores, pet supply stores and other retailers, including Ace Hardware, Do it Best Corp, Home Depot, Lowe’s, Menards, Petco, PetSmart, RONA, Tractor Supply, True Value and Walmart. More >>

The 8.000% senior secured notes due in 2020 were offered to qualified institutional buyers in the United States under Rule 144A and certain persons outside the United States under Regulation S. Proceeds from the bonds were used to partially refinance existing high yield notes on issue, to repay a portion of their shareholder loans and for general corporate purposes. King & Wood Mallesons acted for CML on its original issuance in 2011.

More >>

Leading global law firm Mayer Brown has advised Standard Chartered Bank and BNP Paribas, on a five-year US$3 billion loan facility to Canadian-based First Quantum Minerals Limited, which has seven operating mines and five development projects around the world. More >>

Global law firm Proskauer represented long-time client Celgene Corporation in its offering of three tranches of investment grade unsecured senior notes in an aggregate principal amount of $2.5 billion.

More >>

Shearman & Sterling is representing Bank of America Merrill Lynch in its role as financial advisor to DirecTV in DirecTV’s merger with AT&T. More >>