Paul Hastings Represents St. Joseph Heritage Healthcare in Affiliation with Hoag Medical Group

Paul Hastings LLP, a leading global law firm, announced today that it represented St. Joseph Heritage Healthcare, a state-wide nonprofit medical clinic, in its affiliation with Hoag Medical Group. The affiliation was entered into in order to launch a new operating division of Heritage for the care of patients within the communities served by Hoag hospitals. The primary purpose of the affiliation is to enable Heritage, Hoag and HMG to jointly provide clinically integrated and high quality medical care, and is part of the larger affiliation between Hoag and St. Joseph Health through the Covenant Health Network, which was formed last year. More >>

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Simpson Thacher Represents Lead Arrangers in SBA’s $1.5 Billion Incremental Term Loan Facility

The Firm represented Citigroup Global Markets Inc. and Barclays Bank PLC, as lead arrangers, and Toronto Dominion (Texas), LLC, as administrative agent, in connection with $1.5 billion of incremental term loan facilities for SBA Senior Finance II LLC (“SBA”).  SBA will use the proceeds of the incremental facility to finance the acquisition of certain telecom towers from Brazil’s Grupo Oi SA, refinance certain of its existing senior secured credit facilities and for general corporate purposes.

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Simpson Thacher Represents American Tire Distributors, Inc. in Connection with Financing for its Acquisition of Hercules Tire & Rubber Company

Simpson Thacher recently represented American Tire Distributors, Inc. in connection with the financing for its acquisition of Hercules Tire & Rubber Company, including (i) the amendment of American Tire’s asset based credit facility, (ii) the private offering of $225.0 million aggregate principal amount of senior subordinated notes due 2018 and (iii) the sale of $50.0 million of common stock of Accelerate Parent Corp., American Tire’s indirect parent.

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Olshan Represents Steel Energy Ltd. in Acquisition of Black Hawk Energy Services, Inc.

In December 2013, Olshan client Steel Energy Ltd., through its wholly-owned subsidiary Black Hawk Acquisition, Inc., completed the acquisition of substantially all of the assets of Black Hawk Energy Services, Inc., a work over and completion rig company, for approximately $60.8 million. Steel Energy also owns two oilfield service businesses, Rogue Pressure Services and Sun Wells Service. In connection with the acquisition of Black Hawk Energy Services, Steel Energy amended its existing credit facility with Wells Fargo Bank, National Association and certain other lenders, to provide for, among other things, an increase in borrowing capacity to $105 million, a portion of which was used to fund the acquisition. The Olshan team representing Steel Energy and its subsidiary in connection with the acquisition of Black Hawk Energy Services and its related financing included Steve Wolosky, Kenneth Schlesinger, Elizabeth Gonzalez-Sussman, Hyman Kindler, Marisa Lusthaus and Danielle Frank.

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Allen & Overy Advises On USD1.02bn Lao-Thailand Hydropower Project.

Allen & Overy has advised Xe-Pian Xe-Namnoy Power Company Limited and its sponsors in connection with the USD1.02bn, 410MW Xe-Pian and Xe-Namnoy cross-border hydropower project located in the Lao People’s Democratic Republic. The firm advised the sponsors, a group comprising SK Engineering & Construction Co., Ltd., Korea Western Power Co., Ltd., Ratchaburi Electricity Generating Holding Public Company Limited and Lao Holding State Enterprise, on all aspects of the development, financing and construction of the project.

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Simpson Thacher Represents Seven Generations Energy Ltd. in $300 Million Senior Notes Offering and Related Consent Solicitation

The Firm represented Seven Generations Energy Ltd. (“7G”) in connection with its Rule 144A add-on offering of $300 million aggregate principal amount of 8.250% Senior Notes due 2020 and related consent solicitation from existing noteholders.  7G intends to use the net proceeds from the sale of the add-on notes for general corporate purposes, including the funding of a portion of its 2014 and 2015 capital development plans.

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Akerman Opens Chicago Office with Eight Lawyers, Expands National Presence

Akerman LLP, a top 100 U.S. law firm serving clients across the Americas, today announced that it has opened an office in Chicago, the firm’s 20th location in the United States. The office opens with a team of eight lawyers who complement the firm’s core strengths and expand the firm’s national capabilities in commercial litigation and IP litigation. More >>

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Shearman & Sterling Advises on $1.8 Billion Notes Offering by Forest Laboratories

Shearman & Sterling represented Morgan Stanley & Co. LLC, Credit Suisse (USA) LLC and J.P. Morgan LLC, as joint bookrunning managers, and Merrill Lynch, Pierce, Fenner & Smith Incorporated, Fifth Third Securities, Inc., U.S. Bancorp Investments, Inc., The Governor and Company of the Bank of Ireland, TD Securities (USA) LLC and The Williams Capital Group, L.P. in connection with the private placement, pursuant to Rule 144A and Regulation S, of $1.05 billion aggregate principal amount of its 4.375% Senior Notes due 2019 and $750 million aggregate principal amount of its 4.875% Senior Notes due 2021. Forest Laboratories used the net proceeds from the notes offering, together with cash on hand, to fund the acquisition of Aptalis Holdings, Inc.

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