Shearman & Sterling represented Deutsche Bank Securities Inc., Credit Suisse Securities (USA) LLC and The Huntington Investment Company as the joint-book running managers in connection with the 3(a)(2) offering by The Huntington National Bank of $500 million aggregate principal amount of its 2.20% Senior Notes due 2019. The proceeds from the offering will be used for general corporate purposes.
Tags: Shearman & Sterling LLP
Simpson Thacher represented a finance subsidiary of Stonegate Pub Company in connection with a Rule 144A and Regulation S offering of £400 million in aggregate principal amount of its Senior Secured Notes due 2019. Additionally Simpson Thacher represented a subsidiary of Stonegate Pub Company in connection with its entry into a new £25 million Revolving Credit Facility. The transaction closed on April 11, 2014. Stonegate Pub Company used the net proceeds from this offering to refinance certain of its outstanding indebtedness, make a distribution to its shareholders and for general corporate purposes.
Tags: Simpson Thacher & Bartlett LLP
Stroock & Stroock & Lavan LLP, a national law firm with offices in New York, Los Angeles, Miami and Washington, DC, announced today that it represented AMETEK, Inc. (NYSE: AME) in its agreement to acquire Zygo Corporation (NASDAQ: ZIGO) in a transaction valued at approximately $280 million. The transaction is expected to be completed towards the end of the second quarter of calendar 2014, subject to customary closing conditions, including the approval of Zygo’s stockholders and applicable regulatory approvals.
Tags: Stroock & Stroock & Lavan LLP
With help of the international law firm Milbank, Tweed, Hadley & McCloy LLP, Goldman Sachs Merchant Banking Division has partnered with Koch Equity Development LLC, a subsidiary of Koch Industries, Inc., to acquire shares representing 100% of Flint Group’s share capital from funds advised by private equity firm CVC Capital Partners. Koch Equity Development has agreed to invest with Goldman Sachs in a newly formed entity that will acquire Flint Group. Goldman Sachs Merchant Banking and the newly formed entity were comprehensively advised on this transaction by an international Milbank team led by corporate partner Peter Nussbaum.
Tags: Milbank LLPThe Firm represented Barclays Bank PLC, BNP Paribas, HSBC Bank plc, Credit Suisse Securities (Europe) Limited, Morgan Stanley & Co. International plc, Wells Fargo Securities, LLC and other underwriters in connection with a €1.5 billion offering of debt securities by Wal-Mart Stores, Inc.
Tags: Simpson Thacher & Bartlett LLPAs widely reported in the international press, French media giant Vivendi SA has selected cable group Numericable as potential acquirer for its mobile phone unit SFR in what could be one of the biggest financing deals in Europe this year. The proposal is supported by Luxemburg investment fund Altice, Numericable’s largest shareholder (40 percent). Altice is the investment vehicle of French billionaire/entrepreneur Patrick Drahi. Vivendi preferred its offer over a rival bid by Bouygues, the owner of Bouygues Telecom, the third-largest mobile service provider in France, after Orange and SFR.
Global law firm Eversheds has advised property developer Urban Splash on a £135m refinancing deal and a new joint venture agreement with The Pears Group.
Urban Splash, working in partnership with The Pears Group, has agreed to refinance ￡135m of its remaining debt from the RBS, CoOp, HSBC and Blackstone and formed a new joint venture with Pears.
Tags: Eversheds Sutherland
A cross-practice Ropes & Gray team advised Bain Capital-backed Summit Partners on its $550 million investment in ABILITY Network Inc., a leading provider of web-based workflow solutions for health care providers. The transaction, which was announced April 7, is subject to regulatory approvals.
Tags: Ropes & Gray LLP