Olshan Represents Steel Energy Ltd. in Acquisition of Black Hawk Energy Services, Inc.

In December 2013, Olshan client Steel Energy Ltd., through its wholly-owned subsidiary Black Hawk Acquisition, Inc., completed the acquisition of substantially all of the assets of Black Hawk Energy Services, Inc., a work over and completion rig company, for approximately $60.8 million. Steel Energy also owns two oilfield service businesses, Rogue Pressure Services and Sun Wells Service. In connection with the acquisition of Black Hawk Energy Services, Steel Energy amended its existing credit facility with Wells Fargo Bank, National Association and certain other lenders, to provide for, among other things, an increase in borrowing capacity to $105 million, a portion of which was used to fund the acquisition. The Olshan team representing Steel Energy and its subsidiary in connection with the acquisition of Black Hawk Energy Services and its related financing included Steve Wolosky, Kenneth Schlesinger, Elizabeth Gonzalez-Sussman, Hyman Kindler, Marisa Lusthaus and Danielle Frank.

More >>

Tags:  Olshan Frome Wolosky LLP

Allen & Overy Advises On USD1.02bn Lao-Thailand Hydropower Project.

Allen & Overy has advised Xe-Pian Xe-Namnoy Power Company Limited and its sponsors in connection with the USD1.02bn, 410MW Xe-Pian and Xe-Namnoy cross-border hydropower project located in the Lao People’s Democratic Republic. The firm advised the sponsors, a group comprising SK Engineering & Construction Co., Ltd., Korea Western Power Co., Ltd., Ratchaburi Electricity Generating Holding Public Company Limited and Lao Holding State Enterprise, on all aspects of the development, financing and construction of the project.

More >>

Tags:  Allen & Overy LLP

Simpson Thacher Represents Seven Generations Energy Ltd. in $300 Million Senior Notes Offering and Related Consent Solicitation

The Firm represented Seven Generations Energy Ltd. (“7G”) in connection with its Rule 144A add-on offering of $300 million aggregate principal amount of 8.250% Senior Notes due 2020 and related consent solicitation from existing noteholders.  7G intends to use the net proceeds from the sale of the add-on notes for general corporate purposes, including the funding of a portion of its 2014 and 2015 capital development plans.

More >>

Tags:  Simpson Thacher & Bartlett LLP

Akerman Opens Chicago Office with Eight Lawyers, Expands National Presence

Akerman LLP, a top 100 U.S. law firm serving clients across the Americas, today announced that it has opened an office in Chicago, the firm’s 20th location in the United States. The office opens with a team of eight lawyers who complement the firm’s core strengths and expand the firm’s national capabilities in commercial litigation and IP litigation. More >>

Tags:  Akerman LLP

Shearman & Sterling Advises on $1.8 Billion Notes Offering by Forest Laboratories

Shearman & Sterling represented Morgan Stanley & Co. LLC, Credit Suisse (USA) LLC and J.P. Morgan LLC, as joint bookrunning managers, and Merrill Lynch, Pierce, Fenner & Smith Incorporated, Fifth Third Securities, Inc., U.S. Bancorp Investments, Inc., The Governor and Company of the Bank of Ireland, TD Securities (USA) LLC and The Williams Capital Group, L.P. in connection with the private placement, pursuant to Rule 144A and Regulation S, of $1.05 billion aggregate principal amount of its 4.375% Senior Notes due 2019 and $750 million aggregate principal amount of its 4.875% Senior Notes due 2021. Forest Laboratories used the net proceeds from the notes offering, together with cash on hand, to fund the acquisition of Aptalis Holdings, Inc.

More >>

Tags:  Shearman & Sterling LLP

Fasken Martineau advises Nalcor Energy in the financial close of the $5 billion Muskrat Falls Hydroelectric Generating Facility and the Labrador-Island Transmission Link projects

Fasken Martineau, a leading international business law and litigation firm, was lead project finance counsel to Nalcor Energy for the financing of the $5 billion Muskrat Falls Hydroelectric Generating Facility and the Labrador-Island Transmission Link projects. More >>

Tags:  Fasken Martineau DuMoulin LLP

Mayer Brown advises on US$425 million ship financing facility

Leading global law firm Mayer Brown has advised a joint venture involving four shipping companies in the US$425 million refinancing of four liquefied natural gas vessels. The 12-year loan from a consortium of international banks will be used to refinance existing debt facilities on four liquefied natural gas vessels. More >>

Tags:  Mayer Brown LLP