The Firm recently represented Empresa Nacional de Telecomunicaciones S.A. (“Entel”), one of Chile’s largest telecommunications providers, in a Rule 144A / Regulation S offering of US$1 billion of 4.875% Senior Notes due 2024. This transaction was Entel’s inaugural offering of securities in the international capital markets. HSBC Securities (USA) Inc. and Citigroup Global Markets Inc. acted as representatives of the initial purchasers in the offering, which closed on October 30.

More >>

Simpson Thacher recently represented HCA Holdings, Inc. (“HCA”) and its principal stockholder, an entity affiliated with Bain Capital Partners, LLC and Kohlberg Kravis Roberts & Co., in connection with a secondary offering of 30,000,000 shares of common stock of HCA by the principal stockholder for aggregate gross proceeds of approximately $1.4 billion, and a concurrent share repurchase by HCA of 10,656,436 additional shares from the principal stockholder. The concurrent share repurchase resulted in additional gross proceeds of approximately $500 million.

More >>

Davis Polk advised Credit Suisse Securities (USA) LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. LLC as underwriters in connection with an $835 million SEC-registered secondary offering of 5,965,304 common shares in the capital of Canadian Pacific Railway Limited (CP) by certain funds managed by Pershing Square Capital Management, L.P. The common shares are listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol “CP.”

More >>

Shearman & Sterling represented Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, as representatives of the several initial purchasers, in connection with a Rule 144A/Regulation S offering by the Dayton Power and Light Company of $445 million of its First Mortgage Bonds 1.875% Series Due 2016.

More >>