Paul Hastings LLP, a leading global law firm, announced today that it represented Infinity World Development Corp., a wholly owned subsidiary of Dubai World, in connection with a successful $1.78 billion refinancing package for CityCenter Holdings, LLC, a 50/50 joint venture of Infinity World and MGM Resorts International.
Tags: Paul Hastings, LLP | Silicon ValleyPaul Hastings LLP, a leading global law firm, announced today that it represented private equity firm Ventura Capital Privado, S.A. de C.V in its successful takeover of Maxcom Telecomunicaciones, S.A.B. de C.V. (NYSE: MXT, BMV: MAXCOM.CPO), a facilities-based telecommunications provider. The takeover, led by Ventura on behalf of a group of investors, was accomplished through a simultaneous public tender offer for the shares of Maxcom in Mexico and an SEC registered tender offer in the U.S. The takeover was conditioned on a complete reorganization of Maxcom’s capital structure which was accomplished by the filing of a prepackaged Chapter 11 bankruptcy plan in Delaware. The U.S. bankruptcy filing was needed to compel all of the holders of Maxcom’s internationally traded bonds to agree to the terms of the restructuring. In the restructuring, Maxcom’s existing bondholders were issued new bonds.
Tags: Paul Hastings, LLP | New York
Global law firm Eversheds has announced today the expanse of its Middle East operations with the opening of a second office in Iraq, located in Erbil, Kurdistan Region.
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Global law firm White & Case LLP is strengthening its practice in Africa with three new partners in its Johannesburg office and the relocation of two partners from its London office.
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Davis Polk advised L Brands, Inc. in connection with its SEC-registered offering of $500 million aggregate principal amount of 5.625% senior notes due 2023. The notes are guaranteed by certain subsidiaries of L Brands, Inc. Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC were the joint book-running managers.
Tags: Davis Polk & Wardwell LLP | New York
Troutman Sanders LLP is pleased to announce that Chad Fuller and Victoria Holstein-Childress have joined the firm as partners in the Financial Services Litigation practice. Fuller practices in the firm’s San Diego office, and Holstein-Childress practices in the firm’s Washington, DC office.
Tags: Troutman Pepper Hamilton Sanders LLP
EXCO Resources, Inc. (NYSE:XCO) (“EXCO”) today announced that its wholly-owned subsidiary, EXCO Operating Company, LP (“EOC”), and an affiliate of BG Group plc (“BG Group”) have entered into a definitive agreement to convey 100% of the equity interest in TGGT Holdings, LLC(“TGGT”) to Azure Midstream Holdings LLC (“Azure”) for an aggregate sales price of approximately $910 million.
Tags: Baker Botts L.L.P. | Dallas
Perkins Coie represented client T-Mobile US, Inc. in a $5.6 billion secondary offering of senior unsecured notes by its majority stockholder, Deutsche Telekom AG. The deal closed October 16 and is, according to media reports, the second-largest high-yield debt transaction of the year. It is also the eighth-largest speculative-grade deal on record, or the fifth-largest when counting deals sold entirely at one time. (Source: Forbes)
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Joseph Landolfi has joined Akerman Senterfitt as a shareholder in the firm’s Tax Practice Group in Boca Raton.
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Baker & McKenzie Budapest has advised state-owned Hungarian Electricity Works on its acquisition of German utility E.On’s entire Hungarian gas business, including gas trade and gas storage businesses. Completion of this deal sees a significant part of the energy sector re-nationalized, following privatization in the late 1990s.
Tags: Baker McKenzie