Clifford Chance Advises on China Shipping (Group)’s US$500 Million Credit Enhanced Bonds

Leading international law firm Clifford Chance has advised the joint lead managers and bookrunners on the issue of US$500 million 4.25 per cent credit-enhanced bonds due 2019 by China Shipping Overseas Finance 2013 Limited, an indirectly wholly-owned subsidiary of China Shipping (Group) Company. The joint global coordinators, joint lead managers and joint bookrunners include Bank of China, Deutsche Bank, BofA Merrill Lynch, Australia and New Zealand Banking Group Limited, Bank of Communications Co., Ltd., Hong Kong Branch, Barclays Bank PLC, DBS Bank Ltd and ING Bank N.V., Singapore Branch.

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Chrysler Group’s US$4.8 Billion Financing

Cravath represented the initial purchasers, led by BofA Merrill Lynch, in connection with the US$2.8 billion 144A/Reg. S high‑yield secured senior debt offering of Chrysler Group LLC, a leading North American automotive manufacturer. Cravath also represented J.P. Morgan Securities as the lead arranger of US$2.0 billion of senior secured term loan facilities for Chrysler Group. The proceeds of the notes offering, together with borrowings under the senior secured term loan facilities, were used to refinance certain of Chrysler Group’s outstanding senior unsecured debt. The transactions closed on February 7, 2014.

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Willkie Advises Comcast in $45 Billion Merger with Time Warner Cable

On February 13, Willkie client Comcast Corporation and Time Warner Cable Inc. announced that their Boards of Directors have approved a definitive agreement for Time Warner Cable to merge with Comcast in a deal valued at approximately $45.2 billion, or $67 billion including debt. Creating one of the world’s leading technology and media companies, the merger is expected to accelerate delivery of Comcast’s technologically advanced products and services to Time Warner Cable’s customers. Willkie’s Communications, Media & Privacy Department is leading the effort to secure FCC regulatory approval for the deal.

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Clifford Chance Advises on Greentown’s US$500 Million Perpetual Capital Securities

Leading international law firm Clifford Chance has advised the joint lead managers and bookrunners on the issue of US$500 million subordinated perpetual capital securities callable 2019 by Moon Wise Global Limited, a wholly-owned subsidiary of Greentown China Holdings Limited, a leading property developer in China. The joint lead managers and joint bookrunners were BNP Paribas, Hong Kong Branch, Deutsche Bank AG, Singapore Branch, Goldman Sachs (Asia) L.L.C., The Hongkong and Shanghai Banking Corporation Limited, Macquarie Capital Securities Limited, Standard Chartered Bank and UBS AG, Hong Kong Branch. The subordinated perpetual capital securities are listed on The Stock Exchange of Hong Kong Limited.

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Paul Hastings Advises Lenders in Financing Apollo’s Acquisition of Chuck E. Cheese’s Operator

Paul Hastings LLP, a leading global law firm, represented Deutsche Bank Securities Inc., Credit Suisse Securities (USA) LLC, Morgan Stanley Senior Funding, Inc. and UBS Securities LLC as joint lead arrangers in the financing for the US$1.3 billion acquisition by Apollo Global Management of CEC Entertainment, Inc., which operates 577 Chuck E. Cheese’s restaurants. More >>

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Cooley Advises Revance on its Initial Public Offering

Cooley LLP announced today that it advised Revance Therapeutics, Inc. on its $110 million IPO. Revance is a specialty biopharmaceutical company developing botulinum toxin products for use in aesthetic and therapeutic indications. It now trades on the NASDAQ Global Stock Market under the symbol “RVNC.”

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