King & Spalding Advises FleetCor in Secondary Offering by Selling

King & Spalding advised FleetCor Technologies, Inc. in a secondary offering in which selling stockholders sold 2.75 million shares of the company’s common stock for an aggregate price to the public of approximately $289 million. Goldman, Sachs & Co. acted as sole underwriter for the offering. FleetCor did not sell any shares in the offering and did not receive any proceeds from the offering.

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Shearman & Sterling Advises on Sprint Corporation’s $6.5 Billion High-Yield Notes Offering

Shearman & Sterling advised on Sprint Corporation’s $6.5 billion high-yield bond offering—reportedly the largest-ever high-yield bond offering sold directly to investors. The firm represented J.P. Morgan Securities LLC, Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc., Credit Agricole Securities (USA) Inc., Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co., and RBC Capital Markets LLC as joint book-running managers; Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC as senior co-managers; and The Williams Capital Group, L.P. as co-manager. The offering consisted of $2.25 billion of 7.250% notes due 2021 and $4.25 billion of 7.875% notes due 2023.

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King & Spalding Establishes Six-Lawyer Energy Team in Paris Headed by Partner Mehdi Haroun

King & Spalding announced today that a five-lawyer team of energy lawyers from Herbert Smith Freehills (HSF) joined King & Spalding’s Paris office, led by partner Mehdi Haroun, former head of the North Africa practice at HSF. The team includes Philippe Trosset and Ruxandra Lazar, both counsels, and associates Nora Djeraba and Marion Morvan, recently joined by Raphaële Bouniol, an associate from French law firm Darrois Villey Maillot Brochier. Their presence establishes a King & Spalding energy team on the ground in France with strong corporate and public law expertise, and significantly expands the energy practice’s capabilities across Europe and North Africa.

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Davis Polk – LyondellBasell Industries N.V. $1.1 Billion Block Trade

Davis Polk advised Citigroup Global Markets Inc. as the underwriter in connection with an SEC-registered block trade of 16,000,000 ordinary shares of LyondellBasell Industries N.V. by funds affiliated with Apollo Management Holdings, L.P. The net proceeds of the offering to Apollo were approximately $1.1 billion. The ordinary shares are listed on the New York Stock Exchange under the symbol “LYB.”

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Tags:  Davis Polk & Wardwell LLP | New York