The partial refinancing of JBIC and commercial banks as existing creditors to the US$2.3 billion Shuweihat S2 independent water and power project closed on 6 August 2013. Ruwais Power Company PJSC (sponsored indirectly by TAQA, GDF Suez, Marubeni, Osaka Gas and ADWEA) issued US$825 million in project bonds (with a 6% yield) and applied such proceeds towards the refinancing (among other purposes).
Tags: Milbank LLP
Troutman Sanders LLP is pleased to announce that Amit Kalra has joined the firm as a partner in the firm’s Tax and Energy Project Development and Finance practices. He will practice out of the firm’s Chicago office.
Tags: Troutman Pepper Hamilton Sanders LLP
International law firm Clifford Chance is advising emerging markets private equity firm Actis on a joint venture with Mainstream Renewable Power, the global wind and solar developer, to establish a US$1.4 billion renewable energy platform in the Republic of Chile.
Tags: Clifford Chance LLP
The Firm represented the underwriters led by Citigroup Global Markets, Inc., Deutsche Bank Securities Inc., HSBC Securities (USA) Inc. and RBS Securities Inc. in connection with a registered offering by Halliburton Company of an aggregate of $3 billion principal amount of new senior notes. The offering consisted of notes of four separate tranches, $600 million principal amount of 1.0% Senior Notes due 2016, $400 million principal amount of 2% Senior Notes due 2018, $1.1 billion principal amount of 3.5% Senior Notes due 2023 and $900 million principal amount of 4.75% Senior Notes due 2043.
Tags: Simpson Thacher & Bartlett LLP | New YorkThe Firm represented Barclays Capital Inc., J.P. Morgan Securities LLC and CIBC World Markets Corp., as initial purchasers, in connection with a Rule 144A/Regulation S offering of US$750 million of 4.854% Notes due 2024 by the Government of Bermuda. This was the single largest sovereign bond offering by the Government of Bermuda to date.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher is representing Emerson Electric Co. (NYSE: EMR) in connection with the sale of a majority interest in its Embedded Computing & Power business to an affiliate of Platinum Equity Advisors, LLC. Under the terms of the transaction, Emerson will receive aggregate consideration of approximately $300 million and retain a 49% equity stake in the business. The transaction is subject to regulatory approvals and other customary conditions to closing.
Tags: Simpson Thacher & Bartlett LLP | New York
Thompson Hine LLP is pleased to announce that Maranda E. Fritz has joined its New York office as a partner in the firm’s Business Litigation practice, where she will focus on white collar crime, internal investigations and securities litigation. Growth of its White Collar Criminal Practice is a priority at Thompson Hine, and the addition of Fritz advances this goal. Fritz, who is known for aggressive and effective defense of criminal and regulatory matters, has been lead counsel in numerous federal jury trials and briefed and argued more than a dozen cases in federal and state courts in the past several years alone.
Tags: Thompson Hine LLP | New YorkThompson Hine LLP is pleased to announce that Michael V. Coleman has joined the firm as a partner in the Corporate Transactions & Securities practice group. Corporate lawyer Tara N. Roberts, who has worked with Coleman for 10 years, also joined the firm as counsel.
Tags: Thompson Hine LLP
Haynes and Boone, LLP advised client High Roller Wells in connection with the just-announced $239.2 million sale by Oilfield Water Lines LP (“OWL”) of its saltwater disposal wells and saltwater hauling business to Tulsa energy transport and propane marketer NGL Energy Partners LP (NYSE:NGL). OWL is a partnership involving High Roller Wells LLC and the Mark Cuban Companies.
Tags: Haynes and Boone, LLP | Dallas
Less than one week after announcing their ground-breaking combination, King & Wood Mallesons and SJ Berwin are already demonstrating the benefits of the firm’s enhanced international platform by joining forces to advise ASX listed IRESS Limited on its acquisition of Avelo FS Holdings Limited, a leading provider of financial services technology in the UK.
Tags: King & Wood Mallesons