Paul Hastings, a leading global law firm, announced today that it advised Gemdale (Asia) Investment Limited (“Gemdale”), a wholly-owned subsidiary of Famous Commercial Limited (“Famous”), on its issuance of RMB1,050 million guaranteed bonds (“Bonds”), due 2017. Standard Chartered Bank (Hong Kong) Limited, CICC HK Securities, Credit Suisse, DBS Bank Ltd., Deutsche Bank, The Hongkong and Shanghai Banking Corporation, and Industrial and Commercial Bank of China (Asia) Limited acted as the underwriters. The Hongkong and Shanghai Banking Corporation also acted as the trustee. More >>

The Firm is representing Tyco (NYSE: TYC) in connection with its definitive agreement to sell Tyco Fire & Security Services Korea Co. and its subsidiaries, ADT Caps Co., Ltd., Capstec Co., Ltd. and ADT Security Co., Ltd., (combined “ADT Korea”) to The Carlyle Group, in a cash transaction valued at approximately $1.93 billion. The transaction is expected to close in Tyco’s fiscal third quarter of 2014 and is subject to customary closing conditions including required regulatory approval.

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Central European Media Enterprises Ltd. announced that it has entered into an agreement with Willkie client Time Warner Inc. and one of its affiliates to finance the redemption of CME’s €272,972,000 aggregate principal amount of 11.625% senior notes due 2016. The transaction is valued at $542 million. CME also filed a rights offering registration statement.

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The City of Philadelphia, represented by Ballard Spahr, announced today that it has signed an agreement to sell the assets of the Philadelphia Gas Works (PGW) to UIL Holdings Corporation (UIL) for $1.86 billion. The sale, which will enhance the City’s financial health by injecting at least $424 million in net proceeds into its pension fund, must be approved by City Council and the Pennsylvania Public Utility Commission prior to closing.

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Skadden is representing Classified Ventures, LLC in the $585 million sale of its Apartments.com business to CoStar Group, Inc., announced on March 3. More >>

Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised Crédit Agricole Corporate and Investment Bank (“CACIB”) in relation to a US$200m loan facility made available to Petredec to provide financing for its acquisition of four 84,000 CBM LPG carriers under construction at Hyundai Heavy Industries Co., Ltd in South Korea.

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Williams Partners L.P. (NYSE:WPZ) entered into a contribution agreement to acquire from The Williams Companies, Inc. (NYSE:WMB) 100% of the membership interests in Williams Energy Canada ULC (“WECU”) for approximately $1.2 billion. The transaction closed on March 3, 2014. More >>

Clifford Chance has advised Deutsche Bank Luxembourg S.A. on a EUR 3 billion syndicated credit facility for  HeidelbergCement AG. The facility comprises a new five-year revolving credit line which extends the maturity date of its existing EUR 3 billion credit facility to 2019.

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Hogan Lovells has successfully advised Paris-headquartered EuropaCorp, a top-tier European film studio, on the formation of a U.S. joint venture with Beverly Hills-based Relativity Media. More >>

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