Yesterday, Bankruptcy Judge Martin Glenn of the United States Bankruptcy Court for the Southern District of New York confirmed the Joint Chapter 11 Plan proposed by Residential Capital (“ResCap”) and the Creditors’ Committee. Confirmation of the Plan brought the largest chapter 11 case filed in 2012 to a successful conclusion after only 19 months.
Tags: Kramer Levin Naftalis & Frankel LLP
Paul Hastings LLP, a leading global law firm, announced today that it represented Bank of America, N.A. as administrative agent, lead arranger and bookrunner in connection with a $300 million reserve-based revolving credit facility and Citibank, N.A. as administrative agent, lead arranger and bookrunner in connection with a $700 million term loan credit facility, and Barclays Bank PLC, Morgan Stanley Senior Funding, Inc., Natixis, New York Branch, as joint lead arrangers and joint bookrunners in connection with such credit facilities. The proceeds were used to partially finance Templar Energy’s acquisition of Forest Oil Corporation and Forest Oil Permian Corporation.
Tags: Paul Hastings, LLP
Shearman & Sterling advised the arrangers and initial purchasers in connection with Alliant Techsystems Inc.’s $1.96 billion senior secured credit facility (consisting of a new term loan A facility in an aggregate amount of $1.01 billion, a new term loan B facility in an aggregate amount of $250 million and a new revolving credit facility in an aggregate principal amount of $700 million) and offering of $300 million of its 5.25% Senior Notes due 2021. The proceeds were used to finance the acquisition by Alliant Techsystems Inc. of Bushnell Group Holdings, Inc. and to pay related fees and expenses.
Tags: Shearman & Sterling LLP
Simpson Thacher represented the underwriters, led by BofA Merrill Lynch, Credit Suisse and HSBC, in connection with a registered public offering by Mondelez International, Inc. (f/k/a Kraft Foods Inc.) of euro-denominated notes to be listed on the New York Stock Exchange. Mondelez offered €400 million of its Floating Rate Notes due 2015, €750 million of its 1.125% Notes due 2017 and €1.25 billion of its 2.375% Notes due 2021, amounting to €2.4 billion (US$3.3 billion) of new notes. The offering closed on December 11, 2013.
Tags: Simpson Thacher & Bartlett LLP
Mayer Brown is representing Kentz Corporation Limited, the Irish holding company of Kentz engineering and construction group, in connection with the proposed acquisition of Valerus Field Solutions for $435 million. Valerus Field Solutions is a US-based integrated oil and gas surface facility solutions provider.
Tags: Mayer Brown LLP
Reed Smith today welcomes a further addition to its expanding Silicon Valley office: longtime Palo Alto insider George A. Willman, who joins the firm as a partner in its Corporate & Securities Group.
Tags: Reed Smith LLP | Silicon Valley
Winston & Strawn LLP has announced the expansion of the firm’s global energy practice with the addition of two oil and gas partners in Houston. Denmon Sigler and Craig S. Vogelsang join the firm’s energy practice group. Ms. Sigler was most recently with Baker Botts, and Mr. Vogelsang with Norton Rose Fulbright. Their arrival comes just one month after a high-profile group of Weil, Gotshal & Manges litigators and bankruptcy lawyers joined the office, and reinforces the firm’s commitment to growth and developing a full-service platform in Houston.
Tags: Winston & Strawn LLP | Houston
In its latest large energy-based project financing, Milbank, Tweed, Hadley & McCloy LLP has represented lenders in a $665 million facility that will fund construction of a new natural gas pipeline system from nine interconnections at the Agua Dulce Hub in Nueces County, Texas to Mexico.
Tags: Milbank LLP | Mexico City | New York
International law firm Simmons & Simmons has expanded its newly opened Singapore office with the appointment of partner Damian Adams.
Tags: Simmons & Simmons | Singapore
International law firm Dorsey & Whitney LLP announced today that Mark B. Durrant has joined its Real Estate Group as a partner in the Firm’s Salt Lake City office.
Tags: Dorsey & Whitney LLP