The Firm recently represented Summit Materials, LLC and Summit Materials Finance Corp., as co-issuers in connection with a Rule 144A/Regulation S offering of $260 million aggregate principal amount of their 10.5% senior notes due 2020.  The notes were issued as additional notes under an existing indenture pursuant to which $250 million aggregate principal amount of 10.5% senior notes due 2020 were issued in January 2012.  The net proceeds from the offering were used to finance Summit’s acquisition of Alleyton Resource Corporation, to repay borrowings under Summit’s revolving credit facility, to pay fees and expenses and for general corporate purposes.

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Travers Smith Corporate Partner Andrew Gillen and Corporate Senior Associate Daniel Simons have advised Numis Securities Limited as sole sponsor, financial adviser, underwriter and broker on IP Group plc’s (“IP Group”) £75 million firm placing, placing and open offer and offer for subscription (the “Capital Raising”) and as sole sponsor and financial adviser in connection with IP Group’s recommended all-share offer for Fusion IP plc (“Fusion IP”) (the “Acquisition”).

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The Firm recently represented J.P. Morgan Securities LLC and RBC Capital Markets, LLC  as initial purchasers in connection with the US$300 million offering of 5.750% Notes due 2024 issued by The Commonwealth of The Bahamas. The sovereign debt offering was conducted in reliance on Rule 144A and Regulation S.

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Paul Hastings, a leading global law firm, announced today that the firm represented UBS, Merrill Lynch International, DBS Bank, ICBC International and Macquarie as the joint lead managers in the issuance of US$400 million 5.125% guaranteed notes (the “Notes”) due 2019 issued by China Overseas Grand Oceans Finance II (Cayman) Limited and guaranteed by China Overseas Grand Oceans Group Ltd (“China Overseas” or the “Company”). More >>

Norton Rose Fulbright advised Royal Bank of Canada (RBC) in its inaugural Basel III-compliant domestic public offering of $500 million of Non-Cumulative, 5-Year Rate Reset Preferred Shares Series AZ. Our team of Dawn Whittaker, Heidi Reinhart and Evelyn Li assisted RBC’s in-house legal team led by Erin Dion, Senior Counsel.

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Clifford Chance has advised a banking consortium led by Barclays, Commerzbank, Merrill Lynch and Société Générale in connection with a bond issue in a total volume of EUR 2 billion by Bayer AG, Leverkusen.

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DLA Piper represented Groupon in its acquisition of Ideeli, a New York-based online fashion retailer, for US$43 million. More >>

Covington & Burling scored a major victory for several of the world’s largest liquid crystal display manufacturers by persuading a federal judge in Chicago to dismiss antitrust claims asserted by Motorola Mobility, Inc.
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Cooley LLP announced today that it advised CHC Group Ltd. on its $310 million initial public offering. CHC Group, the world’s largest commercial helicopter operator for the offshore oil and gas industry, now trades on the New York Stock Exchange under the symbol, “HELI.”

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