Davis Polk Advises L Brands on Its $500 Million Notes Offering

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.

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Tags:  Davis Polk & Wardwell LLP | New York

Troutman Sanders Expands Financial Services Litigation Practice with the Addition of Partners in San Diego and Washington, DC Chad Fuller and Victoria Holstein-Childress Bring Deep Litigation and Regulatory Enforcement Experience

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.

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Tags:  Troutman Pepper Hamilton Sanders LLP

Baker Botts Represents Energy Spectrum Partners VI LP in the Establishment of Azure Midstream Holdings LLC to Acquire TGGT Holdings, LLC

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.

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Tags:  Baker Botts L.L.P. | Dallas

Perkins Coie Represents T-Mobile in $5.6 Billion Secondary Debt Transaction

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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Tags:  Perkins Coie LLP

Herbert Smith Freehills Advises Boral on USG Joint Venture

Herbert Smith Freehills has advised Boral Limited on its US$1.6 billion 50/50 plasterboard and ceilings joint venture with USG Corporation (announced 17 October 2013). The transaction combines USG’s best-in-class building products technologies and strategic assets in Asia, New Zealand and the Middle East with Boral’s leading plasterboard manufacturing and distribution footprint in Asia and Australia.

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Tags:  Herbert Smith Freehills LLP