The Firm is representing an affiliated investment fund of Lightyear Capital LLC, as a shareholder of Piedmont Community Bank Holdings Inc. (“Piedmont”), in connection with an agreement by Piedmont and VantageSouth Bancshares, Inc. (“VSB”) to merge with Yadkin Financial Corporation (“Yadkin”).  Under the terms of the merger agreement, VSB shareholders will receive 0.3125 shares of Yadkin common stock per share of VSB common stock.  Piedmont shareholders will receive (i) cash per share to be determined based on the value of Piedmont’s deferred tax asset and (ii) 6.28597 shares of Yadkin common stock per share of Piedmont common stock.

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Cahill represented JPMorgan Chase Bank as administrative agent, J.P. Morgan Securities, Wells Fargo Securities, and Merrill Lynch, Pierce, Fenner & Smith Incorporated as lead arrangers and bookrunners and the other bookrunners in connection with a $250,000,000 term loan, and a $225,000,000 revolving credit facility for Mediacom LLC. Proceeds were used to refinance existing indebtedness and replace existing revolving commitments.  More >>

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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DLA Piper has advised Ukrainian Public Joint Stock Company Bank Finance and Credit in a refinancing transaction of US$95 million Eurobonds, due in 2014, on matters of English, US, Ukrainian and Dutch law. More >>

A cross-practice, cross-border Hogan Lovells’ team has advised Héroux-Devtek Inc. on the US$128 million acquisition of APPH Limited and APPH Wichita, Inc. (together APPH), subsidiaries of BBA Aviation Plc; announced this week. This marks the first time Hogan Lovells has advised this client in Europe. More >>

Paul Hastings LLP, a leading global law firm, announced today that it represented St. Joseph Heritage Healthcare, a state-wide nonprofit medical clinic, in its affiliation with Hoag Medical Group. The affiliation was entered into in order to launch a new operating division of Heritage for the care of patients within the communities served by Hoag hospitals. The primary purpose of the affiliation is to enable Heritage, Hoag and HMG to jointly provide clinically integrated and high quality medical care, and is part of the larger affiliation between Hoag and St. Joseph Health through the Covenant Health Network, which was formed last year. More >>

Paul Hastings LLP, a leading global law firm, represented ExamWorks (NYSE: EXAM), a provider of independent medical examinations, peer reviews, bill reviews and related services, in the $75 million acquisition of Gould & Lamb, the leading Medicare compliance service company. More >>

The Firm represented Citigroup Global Markets Inc. and Barclays Bank PLC, as lead arrangers, and Toronto Dominion (Texas), LLC, as administrative agent, in connection with $1.5 billion of incremental term loan facilities for SBA Senior Finance II LLC (“SBA”).  SBA will use the proceeds of the incremental facility to finance the acquisition of certain telecom towers from Brazil’s Grupo Oi SA, refinance certain of its existing senior secured credit facilities and for general corporate purposes.

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Simpson Thacher recently represented American Tire Distributors, Inc. in connection with the financing for its acquisition of Hercules Tire & Rubber Company, including (i) the amendment of American Tire’s asset based credit facility, (ii) the private offering of $225.0 million aggregate principal amount of senior subordinated notes due 2018 and (iii) the sale of $50.0 million of common stock of Accelerate Parent Corp., American Tire’s indirect parent.

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