Milbank, Tweed, Hadley & McCloy represented the administrative agent and lead arrangers in a $600 million five-year term loan to Argos USA Corp., a U.S. subsidiary of Cementos Argos SA, a Medellín, Colombia-based producer of concrete and other construction materials.

One of the largest bank financings so far this year for a Colombian company, the loan finances a substantial portion of Argos’s acquisition of the Florida cement and concrete business of Alabama-based Vulcan Materials. Vulcan is the largest U.S. supplier of construction aggregate – e.g., gravel, sand, crushed stone and other components of concrete and asphalt.

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Shearman & Sterling represented Grupo Isolux Corsán, S.A. (“Isolux Corsán”) in the inaugural High Yield bond offering of €600 million 6.625% Senior Notes due 2021 by Isolux Corsán’s wholly owned subsidiary, Grupo Isolux Corsán Finance B.V. The net proceeds from the issue and sale of the Notes will be used to repay existing indebtedness and for general corporate purposes. The Notes are guaranteed on a senior unsecured basis by Isolux Corsán and certain of its subsidiaries. The offering, which was conducted pursuant to Rule 144A and Regulation S under the US Securities Act, closed on March 20, 2014.

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King & Wood Mallesons has advised Credit Suisse as sole book-running manager and Westpac Banking Corporation as lead manager on the Australian law aspects of a US$335 million high-yield senior secured notes issue by Emeco Pty Ltd.

The 9.875% senior secured notes due in 2019 were offered to qualified institutional buyers in the United States under Rule 144A and certain persons outside the United States in offshore jurisdictions under Regulation S.

Proceeds from the bonds will be used to repay existing US private placement debt and Australian senior bank debt of the Emeco group.

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Shearman & Sterling advised Citigroup Global Markets Inc., BNP Paribas Securities Corp., Evercore Group LLC, Global Hunter Securities, LLC and Pareto Securities AS, as initial purchasers, in the inaugural High Yield notes offering by Global Ship Lease, Inc. (“Global Ship Lease”) of $420 million 10.000% First Priority Secured Notes due 2019. The notes are guaranteed on a senior basis by Global Ship Lease Services Limited and each of Global Ship Lease’s 17 vessel-owning subsidiaries. Global Ship Lease intends to use the net proceeds of the offering – primarily to repay existing indebtedness, to terminate its existing interest rate swap agreements and for general corporate purposes.

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International law firm, Osborne Clarke has advised the syndicate of institutional investors, who included Imperial Innovations and Invesco Perpetual on the £581m flotation of Circassia on the London Main Market.

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A Weil team is advising Baring Private Equity Asia as a member of a consortium led by Giant Interactive Group’s Chairman Yuzhu Shi that has entered into a definitive merger agreement to acquire Giant Interactive Group, China’s leading online game developer and operator listed on the NYSE. Giant Interactive is one of the largest US-listed Chinese companies to be taken private with a total deal value of approximately $3 billion. The transaction will be financed in part with debt to be underwritten or arranged by an international banking syndicate. More >>

Clyde & Co’s global aviation finance team has advised Indian low cost carrier and fourth-biggest airline by market share, SpiceJet, on the purchase of 42 Boeing 737 MAX jets. Valued at USD 4.4 billion manufacturer list price, the order is the first purchase of Boeing 737 MAX jets in the Indian Subcontinent.

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Cooley LLP announced today that it advised the underwriters on Castlight Health, Inc.’s $204.1 million initial public offering. Castlight Health enables employers, their employeesand health plans to take control of health care costs and improve care. The company’s stock now trades on the New York Stock Exchange under the symbol “CSLT.”

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Davis Polk is advising MSCI Inc. in connection with the $364 million sale of Institutional Shareholder Services Inc., a wholly owned subsidiary of MSCI, to Vestar Capital Partners. The transaction, which is subject to customary closing conditions, is expected to close within the next three months.

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