Shearman & Sterling represented Citigroup Global Markets Limited and J.P. Morgan Securities LLC on the Republic of Panama’s $500,000,000 shelf takedown of its 5.200% Bonds due 2020.

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Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised Seaspan Corporation (“Seaspan”) on its agreement to extend and refinance its $1.0 billion credit facility maturing in May 2015 until May 2019.

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International law firm Pinsent Masons has advised Prosiect Gwyrdd, a consortium of five local authorities in South Wales, on a £1.1 billion residual waste project – the first to be procured under the Welsh Government’s residual waste revenue support programme. Projects Senior Associate, Didar Dhillon, led a team advising the five procuring local authorities – Caerphilly, Cardiff, Monmouthshire, Newport and Vale of Glamorgan – on the 25 year deal. The deal is thought to be the largest PPP project to close in Wales to date. The project is expected to save the local authorities £11 million in the first year of operation and £500 million over its lifetime.

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Global law firm Eversheds has advised Merseyside Recycling and Waste Authority on a thirty year waste treatment PPP contract, worth over £1 billion which has now reached financial close.

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Shearman & Sterling is advising Textron Inc. in its acquisition of Beech Holdings, LLC, the parent of Beechcraft Corporation, for approximately $1.4 billion in cash. The transaction is expected to close during the first half of next year, subject to customary closing conditions, including regulatory approvals.

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DLA Piper is pleased to announce that it has served as sole international counsel on the US$1.1 billion offering by Power Grid Corporation of India, the largest power transmission company in India. The deal was led by Citibank, UBS, ICICI, Kotak Mahindra and SBI Capital as underwriters and global coordinators for the offering.

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King & Wood Mallesons has advised DBP on its A$745m bank debt refinancing transaction, provided by a syndicate of Australian, Asian and Canadian banks.

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Paul Hastings LLP, a leading global law firm, announced today that it represented Gannett Co., Inc. (NYSE: GCI), an international media and marketing solutions company, in connection with its acquisition of Belo Corp., a leading broadcast television company with twenty network-affiliated stations, and a related restructuring of Belo broadcast station assets.  The Belo transaction had a total equity value of $1.5 billion.

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Gannett Co., Inc. has completed its acquisition of Belo Corp. for $1.5 billion in cash plus the assumption of $715 million of debt. The combination with Belo nearly doubles Gannett’s broadcast portfolio and creates the largest independent station group of “Big 4” major network affiliates in the top 25 markets, including stations to be serviced by Gannett under shared services and similar arrangements entered into as part of a restructuring.  Gannett now reaches approximately one-third of all television households in America.  The deal also significantly expands the company’s geographic reach and revenue diversity.

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Ashurst has advised affiliates of PT CT Corpora (“CT Corp“) on three simultaneous financings totalling USD 1.275 billion.

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