Global law firm Reed Smith advised Wilmington Trust and Eurosail-UK 2007-5NP plc in the extensive restructuring of the £662 million residential mortgaged-backed securitisation (“RMBS”) originally arranged by Lehman Brothers.
Tags: Reed Smith LLPKirkland & Ellis Advises Vitruvian Partners on Closing of Vitruvian Investment Partnership II at £1 Billion
Kirkland & Ellis International LLP represented Vitruvian Partners, an independent private equity firm, in the successful closing of Vitruvian Investment Partnership II, with total commitments of £1 billion. The fund was oversubscribed and closed at its self-imposed hard cap.
Tags: Kirkland & Ellis LLPAlabama Power Company $300 Million Senior Notes Offering
Hunton & Williams LLP advised Morgan Stanley & Co. LLC, RBS Securities Inc. and Scotia Capital (USA) Inc., as joint-booking running managers on an SEC registered offering by Alabama Power of $300 million aggregate principal amount of Series 2013A Senior Notes due December 1, 2023.
Alabama Power, a subsidiary of Atlanta-based Southern Company, provides reliable, affordable electricity to more than 1.4 million people across the State of Alabama.
Tags: Morgan & Morgan GroupJohnson & Johnson’s $3.5 Billion Registered Debt Offering
Cravath represented the underwriters, led by BofA Merrill Lynch, Goldman, Sachs & Co., J.P. Morgan Securities, Citigroup, Deutsche Bank Securities and RBS, in connection with the US$3.5 billion registered debt offering of Johnson & Johnson, a company engaged in the manufacturing and sale of a broad range of products in the healthcare field. The transaction closed on December 5, 2013.
The Cravath team included partner Craig F. Arcella and associates Andy Ham and Thomas K. Wiesner III. Cameron S. Stanton also worked on this matter.
Cahill Represents Underwriters in $1 Billion Public Offering by Ally
Cahill represented the joint book-running managers and co-managers in connection with the public offering of $1,000,000,000 aggregate principal amount of 2.750% Senior Guaranteed Notes due 2017 by Ally Financial Inc. Proceeds from the offering were used for general corporate purposes and to redeem certain outstanding debt securities.
Tags: Cahill Gordon & Reindel LLPAllen & Overy advises on Merck’s takeover offer of AZ Electronics
The acquisition, contingent on the approval by antitrust authorities and a minimum acceptance level of 95% of the shares, will boost Merck’s offering of specialty chemicals to the electronics industry.
Tags: Allen & Overy LLPWillkie Advises Men’s Wearhouse in Proposal to Purchase One-Time Suitor Jos. A. Bank
As reported widely in the press, on November 26 Willkie client Men’s Wearhouse announced that it has proposed to acquire all of the outstanding shares of men’s apparel retailer Jos. A. Bank Clothiers, Inc. common stock for $55 per share or approximately $1.54 billion in cash. The proposed combination would create the premier men’s apparel retailer with enhanced scale and a broadened customer reach.
Tags: Willkie Farr & Gallagher LLPWhite & Case Advises Banks on Astaldi’s €600 Million High Yield Bond Issuances
Global law firm White & Case LLP has advised the Joint Bookrunners on Astaldi S.p.A.’s high yield offering of €500 million 7.125% Senior Notes due 2020 and its ‘tap’ offering of €100 million additional 7.125% Senior Notes due 2020.
Tags: White & Case LLPT&K Advises Pertamina in $1.75 Billion Acquisition of ConocoPhillips’ Algerian Assets
The law firm of Thompson & Knight LLP advised Indonesian state-owned oil and gas company Pertamina in the $1.75 billion acquisition of ConocoPhillips’ Algerian Business Unit, ConocoPhillips Algeria Limited (“COPAL”). COPAL is the company’s first major acquisition overseas.
Tags: Thompson & Knight LLPSimpson Thacher Represents Microsoft in €3.5 Billion Euro-Denominated Debt Offering and $3.25 Billion U.S. Dollar-Denominated Debt Offering
The Firm represented Microsoft Corporation in connection with its offering of euro-denominated debt securities and its offering of U.S. dollar-denominated debt securities. The underwriters for both offerings were led by Barclays, HSBC, J.P. Morgan and Wells Fargo.
Tags: Simpson Thacher & Bartlett LLP