Milbank Represents Initial Purchasers in $400M High Yield Notes Offering by Air Canada

Milbank, Tweed, Hadley & McCloy LLP, led by Global Securities partner Arnold Peinado, Transportation & Space partner Hugh Robertson and Global Securities special counsel Kevin MacLeod, acted as New York counsel to J.P. Morgan, Citigroup, Credit Suisse and Morgan Stanley, as initial purchasers, in connection with the offering of 7.750% Senior Notes due 2021 by Air Canada.

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White & Case Advises Hepalink on US$337.5 Million Acquisition of Scientific Protein Laboratories, LLC

Global law firm White & Case LLP has advised Shenzhen Hepalink Pharmaceutical Co. Ltd, a Chinese pharmaceutical company formed in 1998 and listed on the Shenzhen Stock Exchange in May 2010, and its US subsidiary Hepalink USA Inc. on the US$337.5 million acquisition of Scientific Protein Laboratories, LLC, a leading global, independent manufacturer and supplier of active pharmaceutical ingredients (APIs). More >>

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Shearman & Sterling Advises on $1.1 Billion Refinancing for FTS International

Shearman & Sterling advised Wells Fargo Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, UBS Securities LLC and Barclays Capital Inc., as initial purchasers, in connection with FTS International Inc.’s private placement, pursuant to Rule 144A and Regulation S, of $500 million aggregate principal amount of 6.250% Senior Secured Notes due 2022. Concurrently, Shearman & Sterling advised Wells Fargo Bank, National Association, as administrative agent, in connection with a $550 million secured term loan B credit facility and a $200 million asset-based revolving credit facility for FTS International, Inc. and its subsidiaries.

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GHD Bondco PLC’s High-Yield Senior Secured Debt Offering

Cravath represented GHD Bondco PLC in connection with its £165 million 144A/Reg. S high‑yield senior secured debt offering, guaranteed by Lion/Gloria HoldCo Limited and certain of its subsidiaries. GHD Bondco is a leading premium hair‑styling appliance brand in the salon channel in the United Kingdom, Australia, Spain and Italy. GHD Bondco is a portfolio company of private equity sponsor Lion Capital LLP. The notes were listed on the Luxembourg Stock Exchange. The transaction closed on April 16, 2014.

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Endesa Chile $400 Million Notes Offering

Davis Polk advised BBVA Securities Inc. and J.P. Morgan Securities LLC as joint book-running managers on an SEC-registered offering of $400 million aggregate principal amount of 4.25% notes due 2024 by Empresa Nacional de Electricidad S.A. (Endesa Chile).

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Herbert Smith Freehills advises on US$1 billion bond offering by Oil India Limited

Herbert Smith Freehills is pleased to announce that it has advised on a US$1 billion dual-tranche note offering by state-run Oil India Limited. The deal is the largest ever bond issue from an Indian public sector enterprise and also the largest ever Reg S-only issuance by an Indian company.

The firm’s team on the transaction, led by Singapore partner Philip Lee, acted for Citi, Deutsche Bank, HSBC, the Royal Bank of Scotland (RBS) and Standard Chartered Bank as joint lead managers.

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Paul Hastings Represents Joint Bookrunners in $430 million Refinancing of BRG Sports

Paul Hastings LLP, a leading global law firm, announced today that the firm represented Morgan Stanley Senior Funding, Inc. and J.P. Morgan Securities LLC, as joint bookrunners and joint lead arrangers in connection with a $150 million asset-based revolving credit facility, a $175 million first lien term loan, and a $105 million second lien term loan, the proceeds of which were used to refinance certain existing indebtedness of BRG Sports, Inc. (f/k/a Easton-Bell Sports, Inc.).

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Travers Smith advises Polypipe Group plc on its £490 million IPO

Corporate Partners Spencer Summerfield and Charles Casassa and Corporate Senior Associates Dan Simons and Dan McNamee have advised Polypipe Group plc (“Polypipe”) on its listing on the main market of the London Stock Exchange on 16 April 2014 and its IPO and global offering to institutional investors, including QIBs in the United States, of shares held by the management team, certain employees and Polypipe’s principal shareholder, Cavendish Square Partners LP.

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