O’Melveny Represents 1Verge Holdings in Connection with Alibaba’s US$1.22 Billion Investment in Youku Tudou

O’Melveny & Myers LLP recently represented 1Verge Holdings Ltd. in connection with Alibaba Group’s US$1.22 billion investment in Youku Tudou Inc. (NYSE: YOKU), China’s leading Internet television company. 1Verge Holdings Ltd. is jointly owned by Victor Koo, the chairman and chief executive officer of Youku Tudou, and funds managed by Chengwei Evergreen Management, and is the largest corporate shareholder in Youku Tudou. More >>

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Paul Hastings Advises Lenders on Paradigm Management Services in Financing

Paul Hastings LLP, a leading global law firm, represented GE Capital’s Healthcare Financial Services, as administrative agent on $165 million senior credit facilities for Paradigm Management Services, LLC, a specialty provider of healthcare management services for patients with complex medical needs. The proceeds of the credit facilities were used to refinance an existing term loan, pay a dividend to shareholders, and for general corporate purposes. More >>

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Shearman & Sterling Advises SL Green Realty, Jeff Sutton Joint Venture in NYC Building Refinancing, Lease Amendment

Shearman & Sterling has represented a joint venture between SL Green Realty Corp. and Jeff Sutton (Wharton Properties) in connection with its $275 million refinancing of 724 Fifth Avenue in New York City, a mixed use building with prime retail space. The $235 million senior mortgage loan was provided by an investment banking firm and the $40 million mezzanine loan was provided by a German bank.

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Gilbert + Tobin advises Spotless Group Holdings Limited on IPO

Gilbert + Tobin is acting as issuer’s counsel to Spotless Group Holdings Limited, on its initial public offering and listing on ASX.  The indicative price range set out in the prospectus lodged with ASIC today implies an enterprise value of between approximately $2.37 billion and $2.55 billion for Spotless on listing.

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Chesapeake Energy’s Senior Debt Offering

Cravath represented the underwriters, led by Morgan Stanley and Citigroup, in connection with the US$3.0 billion registered high‑yield senior debt offering of Chesapeake Energy Corporation, the second‑largest producer of natural gas and the 10th largest producer of oil and natural gas liquids in the United States. The transaction closed on April 24, 2014. Cravath also represented Morgan Stanley and Citigroup as dealer managers for a concurrent senior notes tender offer by Chesapeake Energy Corporation.

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