Davis Polk advised Merrill Lynch, Pierce, Fenner & Smith Incorporated and Goldman Sachs Bank USA as joint bookrunners and joint lead arrangers and Bank of America, N.A. as administrative agent, in connection with a $5.5 billion senior bridge term loan credit facility for McKesson Corporation. The financing is being provided on a “funds certain” basis in accordance with German takeover rules to support McKesson’s takeover offer for Celesio AG.
Tags: Davis Polk & Wardwell LLP | New York
Hogan Lovells in conjunction with Indian firm Phoenix Legal has advised Japan’s largest stationery maker KOKUYO Co., Ltd., (Kokuyo) on its acquisition of Riddhi Enterprises (Riddhi), a Mumbai-based notebook manufacturer. The acquisition is anticipated to be made through Kokuyo’s subsidiary KOKUYO S&T Co., Ltd. (Kokuyo S&T) and will result in the creation of KOKUYO Riddhi Paper Products Limited, a new wholly-owned entity based in Mumbai. The transaction was announced on 6 September 2013 and is expected to close in October 2013.
Tags: Hogan Lovells | Tokyo
King & Spalding advised SunTrust Banks, Inc. in an offering of $750 million of 2.35% senior notes due 2018. SunTrust Robinson Humphrey, Inc., Barclays Capital Inc. and Goldman, Sachs & Co. acted as joint bookrunners for the offering.
Tags: King & Spalding LLP
On October 23, 2013, Hong Kong Aircraft Engineering Company Limited (“HAECO”) announced that it has entered into a conditional stock purchase agreement for the acquisition of TIMCO Aviation Services, Inc. (“TIMCO”) for cash consideration of US$388.8 million, subject to closing adjustments. Cravath represented HAECO in connection with this transaction. TIMCO is a U.S.‑based provider of aircraft maintenance, repair and other services. The acquisition is expected to be completed in the first quarter of 2014, subject to satisfaction of the conditions contained in the stock purchase agreement.
Tags: Cravath, Swaine & Moore LLP | New York
As part of ongoing plans to develop its core practice groups, leading global law firm Mayer Brown announced today that it has recruited Trevor Wood and Mayank Gupta as partners to its Banking & Finance team in London.
Tags: Mayer Brown LLP
Global legal practice Norton Rose Fulbright advised Banque Misr and National Bank of Egypt as the Mandated Lend Arrangers on the EGP 3 billion (approximately US$441 million) syndicated financing for the Mall of Egypt project developed by Majid Al Futtaim (MAF).
Tags: Norton Rose Fulbright | DubaiKing & Spalding advised General Electric Company in the sale of its power rental business to power solutions provider APR Energy plc in a cash-and-stock deal valued at $314 million. In addition, GE and APR Energy entered into a supply and services agreement to provide support to current and future clients of APR Energy.
Tags: King & Spalding LLP | Houston
Milbank, Tweed, Hadley & McCloy has advised underwriters in structuring $797 million in enhanced equipment notes issued by Virgin Australia Holdings Limited. The offering represents the Australian carrier’s first foray in the global debt markets.
Tags: Milbank LLP | New York
Maynard, Cooper & Gale, P.C. is pleased to announce that attorneys Thomas S. Rue, David C. Hannan, and J. Ben Segarra have joined the Firm’s Mobile office as part of the Admiralty and Maritime practice.
Tags: Maynard Nexsen PC