Davis Polk advised Barclays Bank PLC and Royal Bank of Canada Capital Markets as joint lead arrangers and joint bookrunners and Barclays Bank PLC, as administrative agent and collateral agent, in connection with a new $800 million senior secured term loan facility provided to Open Text Corporation (Open Text), the proceeds of which were used by Open Text to finance its acquisition of GXS Group, Inc. (GXS). The term loan facility is guaranteed by certain domestic and foreign subsidiaries of Open Text and is secured by substantially all of the assets of Open Text and the guarantors thereunder. In connection with the new financing, certain amendments to Open Text’s existing credit agreement were effected.
Tags: Davis Polk & Wardwell LLP | New YorkOrrick Adds Leading Trial Team in Los Angeles
Orrick, Herrington & Sutcliffe LLP announced today that prominent trial lawyers Marshall Grossman and Stacy Weinstein Harrison have joined the firm as partners in its Los Angeles office.
Tags: Orrick, Herrington & Sutcliffe LLP | Los AngelesFormer Associate White House Counsel Christopher Oprison Joins Akerman LLP
Akerman LLP, a leading law firm serving clients across the Americas, today announced that it has expanded its Litigation Practice Group with the addition of white collar defense lawyer and former Associate White House Counsel, Christopher Oprison. He joins the firm as a partner in the Washington, D.C. and Miami, Florida offices from Skadden, Arps, Slate, Meagher & Flom LLP.
Tags: Akerman LLPMilbank Advises on US$400 Million Acquisition Financing for Leading Insurance Company Global Atlantic
International law firm Milbank, Tweed, Hadley & McCloy LLP represented Goldman Sachs and Royal Bank of Canada as Joint Bookrunners and Goldman Sachs, Royal Bank of Canada and Lloyds Bank as Joint Lead Arrangers in connection with the $300 million term loan facility, which closed in 2014 and was used to finance, in part, Global Atlantic Financial Group’s (Global Atlantic) acquisition of Forethought Financial Group (Forethought). Milbank also represented Lloyds Bank as Sole Lead Arranger for Global Atlantic’s $100 million letter of credit and revolving credit facility that closed in 2013.
Tags: Milbank LLP | New YorkKatten UK Expands Engaging Top Attorneys in Corporate, Real Estate and Financial Services
Katten Muchin Rosenman UK LLP announced today that corporate and commercial law attorney Philip Watkins will join Katten’s Corporate practice together with a team of associates. The group follows the recent hires of hospitality and leisure specialist Robert Asher, and leading hedge fund and private equity attorney Barry Breen, who both joined Katten late last year.
Tags: Katten Muchin Rosenman LLPDentons advises Black Sea Trade and Development Bank on committed trade finance facility to Bank Vostok
Simpson Thacher Represents Underwriters in $3 Billion Notes Offering by Mondelez International, Inc. (f/k/a Kraft Foods Inc.) and Dealer Managers in Related Tender Offer
Simpson Thacher represented the underwriters, led by Barclays, J.P. Morgan and RBS, in connection with a registered public offering by Mondelez International, Inc. (f/k/a Kraft Foods Inc.) of $400 million of its Floating Rate Notes due 2019, $850 million of its 2.250% Notes due 2019 and $1.75 billion of its 4.000% Notes due 2024, amounting to $3 billion of new notes. The offering closed on January 16, 2014.
Tags: Simpson Thacher & Bartlett LLPWillkie Advises The Wright Insurance Group in $602.5 Million Sale to Brown & Brown
On January 15, it was announced that Brown & Brown, Inc. has entered into a merger agreement to acquire Willkie client The Wright Insurance Group, LLC for $602.5 million. Wright’s principal owner is Aquiline Capital Partners. The deal is expected to bring to Brown & Brown a substantial presence in the national flood insurance program (NFIP) and a premier service provider for government-sponsored insurance programs and proprietary national and regional programs.
Tags: Willkie Farr & Gallagher LLPMilbank Advises on US$1.4B Multi-Currency Cross-Border Financing for Santander Asset Management
International law firm Milbank, Tweed, Hadley & McCloy LLP, acted as counsel to Deutsche Bank, Barclays, Goldman Sachs, J.P. Morgan and Morgan Stanley in connection with their respective senior secured financing commitments and the subsequent definitive bank financing documentation for the acquisition by Warburg Pincus and General Atlantic of a 50 percent stake in a holding company that integrated Santander’s Asset Management businesses. The remaining 50 percent continues to be owned by Banco Santander.
Tags: Milbank LLPO’Melveny Represents Exar in Aquisition by Stretch, Inc.
O’Melveny & Myers LLP represented Exar Corporation, a leading provider of high-performance analog mixed-signal and data management solutions, in its acquisition of Stretch, Inc., which provides software configurable processors supporting the video surveillance market. The transaction closed on January 14, 2014. More >>
Tags: O'Melveny & Myers, LLP








