Hopkins & Carley advises PayPros in $420 Million Sale to Global Payments

Hopkins & Carley’s Corporate, Tax & Business Transactions team recently advised Payment Processing, Inc. (PayPros) in its pending sale to Global Payments Inc. (NYSE: GPN).  Under the terms of the agreement and pending regulatory approvals and customary closing conditions, Global Payments will pay $420 million in cash to acquire PayPros, inclusive of tax assets.  The transaction is expected to close by the end of Global Payments’ 2014 fiscal year.

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Paul Hastings Represents Initial Purchasers in Fibra Uno’s Inaugural US$1 Billion Senior Notes Offering – First International Debt Offering by a Mexican REIT

Paul Hastings LLP, a leading global law firm, represented Credit Suisse, Deutsche Bank, BBVA, and Santander as initial purchasers in connection with Fibra Uno’s US$1 billion inaugural international debt offering, consisting of US$600 million of 5.250% Senior Notes due 2024 and US$400 million of 6.950% Senior Notes due 2044. Fibra Uno becomes the first Mexican FIBRA to issue debt in the international capital markets in this ground-breaking transaction which also marks the largest debt issuance by a real estate entity in Latin America and the first issuance of 30-year notes by a REIT. The notes were issued pursuant to Rule 144A and Regulation S in a several times oversubscribed offering. More >>

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Shearman & Sterling Advises Jaguar Land Rover on Its £400 Million Fixed Rate High Yield Bond Offering

Shearman & Sterling has advised Jaguar Land Rover Automotive plc on its offering of £400 million fixed rate high yield bonds, due 2022. The high yield senior notes are unsecured and guaranteed by Jaguar Land Rover Limited and Jaguar Land Rover Holdings Limited. Jaguar Land Rover Automotive plc intends to use the proceeds to repurchase certain of their existing notes. Any remaining proceeds will be used for general corporate purposes.

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Berger Singerman Team Negotiates $700 Million Aircraft Lease and Flight Services Restructuring for Southern Air Inc.

The Florida business law firm Berger Singerman LLP is pleased to announce that attorney team members Daniel Lampert, Franklin Caplan, Phyllis Bean, and Iryna Ivashchuk, recently represented Southern Air Inc. (SAI) in a $700 million aircraft lease and flight services restructuring involving four Boeing 777F cargo aircraft. The deal closed on January 24, 2014.

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Norton Rose Fulbright advises F&C Asset Management on £708m acquisition by BMO

Global legal practice Norton Rose Fulbright has advised long-standing client F&C Asset Management plc (F&C) in connection with a recommended £708 million cash acquisition by BMO Global Asset Management (Europe) Limited (BMO Europe). BMO Europe is a wholly–owned subsidiary of the Bank of Montreal. The proposed acquisition was announced on 28 January 2014 and is to be effected by means of a Scheme of Arrangement.

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Simpson Thacher Represents Initial Purchasers in Sale of $300 Million Senior Notes due 2019 by Intrepid Aviation

Simpson Thacher represented the initial purchasers, led by joint book-running managers, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Jefferies LLC, and by co-managers, Goldman, Sachs & Co. and DVB Capital Markets LLC, in the sale of an aggregate principal amount of $300 million 6.875% Senior Notes due 2019 by Intrepid Aviation Group Holdings, LLC (“Intrepid”) and Intrepid Finance Co. Intrepid is a global aircraft leasing company that acquires and leases commercial passenger aircraft under long-term leases to a diverse group of airlines throughout the world.

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Tags:  Simpson Thacher & Bartlett LLP

Firm Advises on Liberty Resources II’s $455 Million Acquisition of Bakken Assets

Willkie client Liberty Resources II LLC, a Denver-based oil and gas company, announced that it has entered into an agreement to acquire oil and gas assets in North Dakota’s Williston Basin for $455 million. This is the first acquisition by Liberty II since it announced in November 2013 a $350 million equity commitment from funds managed by energy private equity firm Riverstone Holdings LLC and other investors. Willkie represented Liberty II and Riverstone in the deal.

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