National CineMedia, Inc., managing member of in-theatre digital network operator National CineMedia, LLC, announced this week that it has entered into a definitive merger agreement with cinema advertising company Screenvision, for $375 million of cash and stock on a debt free, cash free basis. The merger will create a higher quality and more competitive video advertising network benefiting advertisers and theatre circuits alike.
Tags: Dechert LLP
Latham & Watkins advised Emirates Telecommunications Corporation (“Etisalat”) –as guarantor– and White Falcon Finance Company Limited –as borrower– on a €3.15 billion multicurrency loan facility which will be used to acquire Vivendi SA’s 53% stake in Maroc Telecom.
Tags: Latham & Watkins LLP
Shearman & Sterling advised Piraeus Bank S.A.—the largest financial group in Greece by assets, loans, and deposits—on its €1.75 billion equity offering led by Credit Suisse, Deutsche Bank and Goldman Sachs as joint global coordinators.
Tags: Shearman & Sterling LLP
Simpson Thacher represented the underwriters, led by Goldman, Sachs & Co. and Deutsche Bank Securities Inc., in connection with the registered public offering by Apple Inc. of $12 billion aggregate principal amount of notes over seven tranches with maturities ranging from 3 to 30 years. The net proceeds from the offering will be used for general corporate purposes, including repurchases of common stock and payment of dividends under Apple’s recently expanded program to return capital to shareholders.
Tags: Simpson Thacher & Bartlett LLPShearman & Sterling advised Piraeus Bank S.A. – the largest financial group in Greece by assets, loans, and deposits – on its €1.75 billion equity offering led by Credit Suisse, Deutsche Bank and Goldman Sachs as Joint Global Coordinators.
Tags: Shearman & Sterling LLPGlobal law firm Proskauer represented Pacific Rubiales Energy Corp. in the closing of a new $1 billion senior unsecured revolving credit facility, as well as a $250 million senior unsecured term loan facility, effectively restructuring the company’s existing revolving credit facilities.
O’Melveny & Myers LLP recently represented the International Olympic Committee in a long-term deal that awards broadcast rights for the Olympic Games to NBCUniversal. The deal encompasses broadcast rights across all media platforms, including free-to-air television, subscription television, Internet, and mobile from 2021 to 2032 and is valued at US$7.75 billion. More >>
Tags: O'Melveny & Myers, LLP
Milbank, Tweed, Hadley & McCloy LLP represented Goldman Sachs Lending Partners LLC as sole lead arranger and sole bookrunner in connection with a $300 million senior secured first-lien term loan facility for McDermott Finance L.L.C., a subsidiary of McDermott International, Inc. (NYSE: MDR) (“McDermott”), and Goldman, Sachs & Co. as sole book-running manager in connection with an offering of $500 million of senior secured second-lien notes by McDermott and an offering of tangible equity units by McDermott generating gross proceeds of $287.5 million. The transactions closed in April 2014. Concurrently with the transactions, McDermott also obtained a $400 million senior secured first-lien letter of credit facility.
Tags: McDermott Will & Emery LLP | New York
Herbert Smith Freehills has advised a group of seventeen international, regional and local banks on a EUR 3.15 billion multi-currency club deal for Emirates Telecommunications Corporation (“Etisalat”). The financing has been raised using a DIFC SPV as borrower whose obligations are guaranteed by Etisalat, to fund the acquisition of Vivendi’s 53% stake in Maroc Telecom.
Tags: Herbert Smith Freehills Kramer LLP