Davis Polk – ServiceNow, Inc. $575 Million Convertible Senior Notes Offering

Davis Polk advised Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC as joint book-running managers and representatives of the initial purchasers in connection with a Rule 144A offering by ServiceNow, Inc. of $575 million aggregate principal amount of 0% convertible senior notes due 2018, which included $75 million aggregate principal amount of notes from the full exercise of the initial purchasers’ over-allotment option. In addition, Davis Polk advised Morgan Stanley & Co. International plc, JPMorgan Chase Bank, National Association and RBC Capital Markets, LLC as counterparties to convertible note hedge and warrant transactions in connection with the convertible notes offering.

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Tags:  Davis Polk & Wardwell LLP | Silicon Valley

Former California State Assembly Majority Leader Dario Frommer Joins Akin Gump

Akin Gump today announced that Dario J. Frommer has joined the firm as a partner in its public law and policy practice in Los Angeles. Mr. Frommer is a former majority leader of the California State Assembly and has held a variety of high-level state government positions. He comes to Akin Gump from Mayer Brown and will lead the firm’s California public law and policy practice.

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Tags:  Akin Gump Strauss Hauer & Feld LLP | Los Angeles

Simpson Thacher Represents Underwriters in $2 Billion Debt Offering by Philip Morris International Inc.

The Firm represented the underwriters, led by Barclays, Citigroup, Credit Suisse, HSBC and J.P. Morgan as joint book-running managers, in connection with an offering by Philip Morris International Inc. of $750 million of 1.875% Notes due 2019, $500 million of 3.600% Notes due 2023 and $750 million of 4.875% Notes due 2043. The notes were sold in a public offering and will be listed for trading on the New York Stock Exchange.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Shearman & Sterling Advises ICE on Its US$11 Billion Acquisition of NYSE Euronext

Shearman & Sterling has advised ICE (IntercontinentalExchange, Inc.) on the European aspects of the approximately US$11 billion acquisition of NYSE Euronext. The transaction combines two leading exchange groups to create a premier global exchange operator diversified across both cash and derivatives markets. The deal is notable because of the complexities of the unique, multi-headed regulatory and governance structure of the NYSE Euronext group in Europe.

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Tags:  Shearman & Sterling LLP

Shearman & Sterling Advises on Banco Nacional de Costa Rica’s $1 Billion Senior Notes Offering

Shearman & Sterling represented Banco Nacional de Costa Rica, the largest bank in Costa Rica, in connection with its 144A/Regulation S offering of $500,000,000 aggregate principal amount of its 4.875% Senior Notes due 2018 and $500,000,000 aggregate principal amount of its 6.250% Senior Notes due 2023. This is Banco Nacional de Costa Rica’s first issuance of securities in the international capital markets.

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Tags:  Shearman & Sterling LLP | New York

Paul Hastings’ New York and London Offices Represent Fresnillo plc in Inaugural US$800M Senior Notes Offering

Paul Hastings LLP, a leading global law firm, announced today that it represented Fresnillo plc, the world’s largest silver miner and one of the world’s largest precious metals miners, in connection with its inaugural international issuance of debt securities. Fresnillo is a U.K. organized, FTSE 100 company, with operations primarily in Mexico. The five times oversubscribed offering involved the issuance of US$800 million of 5.500% Senior Notes due 2023 pursuant to Rule 144A and Regulation S. The underwriters involved were Citigroup, Deutsche Bank and J.P. Morgan.

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Tags:  Paul Hastings, LLP | New York