Cravath – Level 3 Financing, Inc.’s High-Yield Senior Debt Offering

Cravath represented the initial purchasers, Citigroup, BofA Merrill Lynch, Morgan Stanley, Credit Suisse, Jefferies, and J.P. Morgan Securities, in connection with the US$640 million 144A/Reg. S high‑yield senior debt offering of Level 3 Financing, Inc., guaranteed by Level 3 Communications, Inc., a facilities‑based provider of a broad range of integrated communications systems. The transaction closed on November 14, 2013.

More >>

Tags:  Cravath, Swaine & Moore LLP | New York

Akerman Broadens International Reach with Addition of Real Estate Partner Israel Alfonso

Akerman LLP, a leading law firm serving clients across the Americas, today announced that Israel (“Izzy”) Alfonso has joined Akerman as a partner in the firm’s Real Estate Practice Group in Miami. He joins the firm from Greenberg Traurig and is the fifth partner to join Akerman’s national Real Estate Practice Group since June and the 17th lawyer to join the Practice Group during the past twelve months.

More >>

Tags:  Akerman LLP | Miami

Davis Polk – Statoil $4 Billion Notes Offering

Davis Polk advised Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. LLC as joint book-running managers on an SEC-registered offering by Statoil ASA of $4 billion principal amount of notes guaranteed by its operating subsidiary, Statoil Petroleum AS. The offering consisted of $750 million principal amount of floating-rate notes due 2018, $750 million principal amount of 1.95% notes due 2018, $750 million principal amount of 2.9% notes due 2020, $1 billion principal amount of 3.7% notes due 2024 and $750 million principal amount of 4.8% notes due 2043.

More >>

Tags:  Davis Polk & Wardwell LLP

Davis Polk Advises China Vanke on Its Issue of S$140 million 3.275% Guaranteed Notes Due 2017 under Its US$ 2 billion MTN Programme

Davis Polk advised Bestgain Real Estate Lyra Limited, a wholly owned subsidiary of China Vanke Co., Ltd. (China Vanke), in connection with its Regulation S issue of S$140 million 3.275% guaranteed notes due 2017 under its US$2 billion medium-term note program. The notes were guaranteed by China Vanke’s wholly owned subsidiary Vanke aReal Estate (Hong Kong) Company Limited and supported by a keepwell deed and an equity purchase undertaking from China Vanke.

More >>

Tags:  Davis Polk & Wardwell LLP | Hong Kong

Hanson Bridgett LLP Grows Litigation Expertise by Three

Hanson Bridgett LLP is pleased to welcome two new litigators to its Sacramento office. Andy Stroud, who joins as a partner, is well-known in civil, commercial and federal litigation, as well as intellectual property litigation. Landon Bailey joins our firm as an associate. In addition, Erin Sedloff joins the San Francisco office as a new litigation associate.

More >>

Tags:  Hanson Bridgett LLP

Linklaters Advises on Emlak Konut’s $1.6bn Secondary Public Offering – The Largest Share Offering in Turkey this Year

Linklaters has advised the underwriters Bank of America Merrill Lynch and Halk Yatirim on Emlak Konut’s $1.6 billion secondary public offering, which has announced today.  This is not only the largest share offering in Turkey in 2013, it is also the largest primary offering of shares across Central and Eastern Europe, the Middle East and Africa region this year.  It is also the largest share offering in the real estate sector in Europe in more than five years.

More >>

Tags:  Linklaters LLP