Weil Advises Earthbound in Acquisition by WhiteWave Foods

Weil is representing Earthbound Farm, one of the country’s leading organic food brands, in its acquisition by The WhiteWave Foods Company, a leading consumer packaged food and beverage company in North America and Europe, from its existing shareholders led by Kainos Capital and founders Drew and Myra Goodman. The transaction is valued at approximately $600 million.

More >>

Tags:  Weil, Gotshal & Manges, LLP

Shearman & Sterling Advises on Astaldi’s €500 Million High Yield Bond Issue and Subsequent €100 Million Tap

Shearman & Sterling advised Astaldi S.p.A. on its offer, completed December 4, of €500,000,000 7.125% Senior Notes due 2020, and on its additional offer, completed December 9, of €100,000,000 7.125% Senior Notes due 2020. The Notes have been admitted to be listed on the Official List of the Luxembourg Stock Exchange and to trading on the Luxembourg Stock Exchange’s Euro MTF market on their closing dates. The Notes are senior obligations of the Issuer and are not guaranteed and have been offered only to qualified investors outside the United States of America pursuant to Regulation S under the US Securities Act, and to qualified institutional buyers, within the meaning of Rule 144A under the US Securities Act.

More >>

Tags:  Shearman & Sterling LLP

BKL advises Hankook Tire on US$800 million project to build its first manufacturing facility in the United States

Bae, Kim & Lee LLC (“BKL”) advised Hankook Tire Co. Ltd. (“Hankook Tire”), the world’s seventh-largest tire company by sales, in connection with an investment incentive agreement and a tax incentive agreement with the state government of Tennessee to build its first tire manufacturing facility in the United States. This new tire plant will be located in Clarksville, Tennessee and, upon full completion, is expected to produce about 11 million tires annually. The incentive agreements were signed on October 14, 2013.

More >>

Weil Advises Goldman Sachs on Bridge Facility for Sysco

A Weil team, led by New York partners Morgan Bale and Matthew Bloch, advised Goldman Sachs in connection with providing committed bridge financing (and related matters) backing the acquisition by Sysco Corporation of US Foods, Inc., uniting two of the biggest food distributors in the country. The transaction will give US Foods’ current owners, the investment firms Clayton, Dubilier & Rice and Kohlberg Kravis Roberts, a roughly 13 percent stake in the combined company. Including the assumption of US Foods’ debt, the transaction is valued at $8.2 billion. The transaction is expected to close by the third quarter next year, pending antitrust approval.

More >>

Tags:  Weil, Gotshal & Manges, LLP

Shearman & Sterling Advises on $13 Billion Financing for Toyota Motor Credit Corporation

Shearman & Sterling represented BNP Paribas Securities Corp., Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and The Bank Tokyo-Mitsubishi UFJ, Ltd. as joint lead arrangers and joint book managers in connection with a $13 billion financing, a $4.334 million 364-day credit facility, a $4.333 million 3-year credit facility and a $4.333 million 5-year credit facility for Toyota Motor Credit Corporation and some of its affiliates.

More >>

Tags:  Shearman & Sterling LLP