Simpson Thacher Represents Initial Purchasers in $2.0 Billion Senior Secured Notes Offering by Delek & Avner (Tamar Bond) Ltd.

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 >>

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Weil Advises CCMP Capital in its Acquisition of The Hillman Companies

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 >>

Tags:  Weil, Gotshal & Manges, LLP

KWM Advises Consolidated Minerals Limited on US$400m Senior Secured Notes Issue

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.

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Celgene Completes $2.5 Billion Notes Offering

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.

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Cahill Represents Initial Purchasers in $1.3 Billion Notes Offering by Ortho-Clinical Diagnostics

Cahill represented the joint book-running managers and the co-managers in connection with the Rule 144A offering of $1,300,000,000 aggregate principal amount of 6.625% Senior Notes due 2022 by Crimson Merger Sub, Inc. to be merged with and into Ortho-Clinical Diagnostics, Inc. upon consummation of the acquisition of Ortho-Clinical Diagnostics by The Carlyle Group from Johnson & Johnson. Proceeds from the offering were deposited into escrow pending closing of the acquisition. More >>

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Herbert Smith Freehills advises Omer Telecom on Numericable’s €325 million offer for Virgin Mobile France

Herbert Smith Freehills has advised the shareholders of Omer Telecom Ltd (parent company of Omea Telecom SAS which operates Virgin Mobile in France):  Carphone Warehouse, Virgin and Financom (holding company of Geoffroy Roux de Bézieux, CEO of Omer Telecom Ltd), on the offer for  100% of the French mobile group Virgin Mobile France, made by Altice’s subsidiary, Numericable Group, for an enterprise value of €325m.

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Tags:  Herbert Smith Freehills Kramer LLP

K&L Gates Advises NEC Corporation on Acquisition of A123 Energy Systems’ Electric Grid Storage Business

A team of lawyers from K&L Gates LLP has advised NEC Corporation on its acquisition of the electric grid storage division of electric battery maker A123 Energy Systems LLC. A123 was acquired by Wanxiang American Corporation last year in a 363 bankruptcy sale. In connection with the acquisition in the U.S., Wanxiang and NEC will enter into a joint venture to develop an electric grid storage business in the People’s Republic of China, with A123 retaining its automotive battery business. More >>

Tags:  K&L Gates LLP