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 a $300 million stock secured credit facility with an accordion feature allowing for additional borrowing capacity up to $400 million.

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Paul Hastings LLP, a leading global law firm, announced today that the firm represented Wells Fargo Securities, LLC, as joint lead arranger and joint bookrunner, with J.P. Morgan Securities LLC, as joint lead arranger and joint bookrunner, and Wells Fargo Bank, N.A., as the administrative agent, in connection with a $600 million senior secured revolving credit facility for Lario Oil & Gas Company. More >>

Shearman & Sterling is advising Viacom on the £450 million ($757 million) pending acquisition by Viacom International Media Networks of Channel 5 Broadcasting Limited from Northern & Shell Television Group Limited. The transaction is subject to customary regulatory approvals.

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A Weil team led by New York partners Morgan Bale and Jennifer Bensch advised Barclays and Goldman Sachs in connection with providing $7.2 billion of committed bridge financing backing Exelon Corporation’s $6.8 billion acquisition of Pepco Holdings Inc., a Washington D.C.- based utility. More >>

Gilbert + Tobin advised the issuer, Burson, on its initial public offering which listed with a A$298 million market capitalisation, having sold 112 million shares at $1.82 each.

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Kirkland & Ellis LLP represents Exelon Corporation (NYSE: EXC), which today announced it signed a definitive agreement to acquire Pepco Holdings Inc. (NYSE: PHI), in an all-cash transaction consideration of $27.25 per share. The agreement brings together Exelon’s three top-performing electric and gas utilities – BGE, ComEd and PECO – and Pepco Holdings’ electric and gas utilities – Pepco, Atlantic City Electric and Delmarva Power – to create the leading Mid-Atlantic electric and gas utility. More >>

Cahill represented Bank of America as administrative agent and BofA Merrill Lynch, J.P. Morgan and RBC Capital Markets as lead arrangers in connection with a $650,000,000 amended and restated credit facility, comprised of a new $200,000,000 term A loan, a $250,000,000 revolving credit facility, and a new committed delayed draw term loan of up to $200,000,000, for Res-Care, Inc., which is the nation’s largest provider of services to people with disabilities and the largest privately-owned home care company. Proceeds from the facility will be used to pay a dividend, refinance existing indebtedness and for general corporate purposes. More >>

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Cadwalader, Wickersham & Taft LLP, a counselor to corporations and financial institutions, advised a leading global financial institution on its recent $200 million, tranched, multi-currency revolving loan facility to an affiliate of Callidus Capital Corporation. The facility become effective concurrently with a restructuring of Callidus’ existing term debt and an initial public offering of 18,000,000 common shares of Callidus at a price of $14.00 per common share for aggregate gross proceeds of $252 million.

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