Cahill Represents Initial Purchasers in $450 Million Notes Offering by JLL/Delta Dutch Newco

Cahill represented J.P. Morgan, UBS Investment Bank, Jefferies, KeyBanc Capital Markets, and Morgan Stanley as joint book-running managers and Barclays and SMBC Nikko as co-managers in connection with the Rule 144A offering of $450,000,000 aggregate principal amount of 7.50% Senior Notes due 2022 by JLL/Delta Dutch Newco B.V. Proceeds from the offering were placed into escrow to be used in connection with the company’s pending acquisition of the outstanding equity securities of Patheon Inc. and the pharmaceutical products business of Koninklijke DSM N.V. More >>

Tags:  Cahill Gordon & Reindel LLP

Davis Polk Advises Technicolor on Its $75 Million and €126 Million Incremental Term Loan Facility

Davis Polk advised Technicolor S.A. in connection with the successful closing of a new $75 million and €126 million incremental term loan facility for Tech Finance & Co S.C.A. The incremental term loan was used to fund the acquisition by Tech Finance, a stand-alone Luxembourg special-purpose vehicle, of outstanding participations in loans under Technicolor’s existing credit facilities.

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Tags:  Davis Polk & Wardwell LLP

Kramer Levin Advises La Française and Forum Partners in Acquisition of Cushman & Wakefield Investors

Kramer Levin clients La Française and Forum Partners today announce their acquisition of Cushman & Wakefield Investors (CWI), the investment management business of Cushman & Wakefield (C&W). This acquisition, subject to regulatory approval, will be jointly owned by La Française and Forum, 66.6% and 33.3% respectively, and will operate under the brand La Française Forum Real Estate Partners (“LFF Real Estate Partners”).

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Tags:  Kramer Levin Naftalis & Frankel LLP

Linklaters Advises Corporacion Andina de Fomento on US$237.5m A/B Loan

Linklaters LLP represented Corporacion Andina de Fomento, a Latin American multilateral development bank, in connection with a US$237.5m A/B structured loan under New York law to Pan American Energy LLC, Argentine Branch, the second largest producer of oil and gas in Argentina. The B Loan tranche was participated by CAF to a syndicate of lenders, comprised of ICBC, Credit Agricole, Natixis and Banco Itaú. The proceeds of the loan will be used by the borrower to fund capital expenditures in connection with the continued development and production of the Cerro Dragon block in the Argentine provinces of Chubut and Santa Cruz. The transaction closed on January 24, 2014.

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Simpson Thacher Represents Lightyear Capital in Merger of VantageSouth Bancshares, Inc. and Piedmont Community Bank Holdings Inc. with Yadkin Financial Corporation

The Firm is representing an affiliated investment fund of Lightyear Capital LLC, as a shareholder of Piedmont Community Bank Holdings Inc. (“Piedmont”), in connection with an agreement by Piedmont and VantageSouth Bancshares, Inc. (“VSB”) to merge with Yadkin Financial Corporation (“Yadkin”).  Under the terms of the merger agreement, VSB shareholders will receive 0.3125 shares of Yadkin common stock per share of VSB common stock.  Piedmont shareholders will receive (i) cash per share to be determined based on the value of Piedmont’s deferred tax asset and (ii) 6.28597 shares of Yadkin common stock per share of Piedmont common stock.

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Allen & Overy advises Citigroup on USD 700 Million OCEAN FUNDING 2013 Refinancing Transaction of HSH Nordbank

OCEAN FUNDING 2013 generates funding of up to 700 million US-Dollar for HSH Nordbank. The transaction is collateralised with a portfolio of approximately 30 shipping loans originated by HSH Nordbank. OCEAN FUNDING 2013 is the first transaction of its kind in the German market and could pave the way for similar asset-based financings relating to shipping loans and other asset classes.

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Cahill Represents Lead Arrangers in $475 Million of Credit Facilities for Mediacom LLC

Cahill represented JPMorgan Chase Bank as administrative agent, J.P. Morgan Securities, Wells Fargo Securities, and Merrill Lynch, Pierce, Fenner & Smith Incorporated as lead arrangers and bookrunners and the other bookrunners in connection with a $250,000,000 term loan, and a $225,000,000 revolving credit facility for Mediacom LLC. Proceeds were used to refinance existing indebtedness and replace existing revolving commitments.  More >>

Tags:  Cahill Gordon & Reindel LLP

Chrysler Group’s US$4.8 Billion Financing

Cravath represented the initial purchasers, led by BofA Merrill Lynch, in connection with the US$2.8 billion 144A/Reg. S high‑yield secured senior debt offering of Chrysler Group LLC, a leading North American automotive manufacturer. Cravath also represented J.P. Morgan Securities as the lead arranger of US$2.0 billion of senior secured term loan facilities for Chrysler Group. The proceeds of the notes offering, together with borrowings under the senior secured term loan facilities, were used to refinance certain of Chrysler Group’s outstanding senior unsecured debt. The transactions closed on February 7, 2014.

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