Simpson Thacher represented the initial purchasers, led by Credit Suisse Securities (USA), in connection with a Rule 144A/Regulation S offering by Energy Transfer Equity, L.P. (“ETE”) of $700 million aggregate principal amount of its 5.875% Senior Notes due 2024. The notes represent a further issuance of 5.875% Senior due 2024.
Tags: Simpson Thacher & Bartlett LLPVinson & Elkins advised Axip Energy Services, LP in the sale of its international contract compression and processing business, as well as the after-market services business to Enerflex Ltd. for $430 million in cash.
Cahill Represented J.P. Morgan, Wells Fargo Securities, BMO Capital Markets, and Mitsubishi UFJ Securities as joint book-running managers and BofA Merrill Lynch, BBVA, Comerica Securities, and Scotiabank as senior co-managers in connection with the public offering of $500,000,000 aggregate principal amount of 5.875% Senior Notes due 2024 by Rosetta Resources Inc. Proceeds were used to refinance existing indebtedness.
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Cahill represented J.P. Morgan and Wells Fargo Securities as joint book-running managers and Mizuho Securities as co-manager in connection with the public offering of $500,000,000 aggregate principal amount of 4.25% Senior Notes due 2024 by The NASDAQ OMX Group, Inc. Proceeds were used to refinance existing indebtedness.
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Cravath represented Time Warner Inc. in connection with its US$2 billion registered debt offering. The transaction closed on May 28, 2014.
Element Financial Corporation, one of North America’s leading equipment finance companies, announced that it has entered into a definitive agreement to acquire PHH Arval, the North American fleet management services business of PHH Corporation, for approximately US$1.4 billion in cash. Cravath represented Element in connection with this transaction, which is expected to close by July 31 and is subject to customary closing conditions.
Herbert Smith Freehills is pleased to be advising Citigroup Global Markets Australia Pty Limited, Macquarie Capital (Australia) Limited and Merrill Lynch Equities (Australia) Limited in relation to their role as joint lead managers of Asaleo Care Limited’s (Asaleo) initial public offering (IPO) and listing on the Australian Securities Exchange.
Tags: Herbert Smith Freehills Kramer LLP
Linklaters advised Merrill Lynch International and J.P. Morgan in the context of the disposal by Wendel, a listed investment company, of 24 million shares which Wendel held in Saint-Gobain, the world leader in the building materials and construction. This disposal represents approximately 4.3% of the total share capital of Saint-Gobain, with a value of around one billion euro.
Tags: Linklaters LLP
Milbank, Tweed, Hadley & McCloy LLP represented underwriters Goldman Sachs and Deutsche Bank Securities in a $2 billion issuance of 31-year notes by leading Colombian oil and gas company Ecopetrol SA. It’s the second multi-billion dollar debt offering by Ecopetrol since last September, another sign of surging investor interest in Colombia, which recently overtook Argentina as South America’s second-largest economy.
Tags: Milbank LLP
Perkins Coie represented client Strategic Hotels & Resorts, Inc. (NYSE:BEE), a real estate investment trust (REIT) which owns and provides value enhancing asset management of high-end hotels and resorts in the United States and Europe, in the closing of a $120 million limited recourse loan secured by the Loews Santa Monica Beach Hotel replacing the $110 million financing previously encumbering the property.
Tags: Perkins Coie LLP