Simpson Thacher represented First Data Holdings Inc. (“First Data”) in steps designed to increase its flexibility and options to refinance and extend the maturities of its current capital structure. To effect these changes, First Data agreed to issue $300 million of new convertible preferred equity to KKR and other existing shareholders. The net proceeds will be used to repay a portion of the approximately $2 billion of its 11.5% senior PIK notes due 2016, with the remainder to be exchanged for new 14.5% senior PIK notes due 2019.

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Global law firm White & Case LLP has advised the New York branch of Deutsche Bank AG as Administrative Agent as well as Deutsche Bank Securities Inc., RBC Capital Markets and UBS Securities LLC as Joint Lead Arrangers and Joint Bookrunners of senior secured facilities provided by a syndicate of banks for the acquisition financing of German-based CeramTec Group by European private equity firm Cinven from US chemicals manufacturer Rockwood Holdings.

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King & Spalding has recruited Matthew J. Bromberg, former senior managing counsel and managing director in the Global Fund Services Group of The Bank of New York Mellon, as partner in its financial institutions and capital transactions and real estate practices in New York.

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The firm is representing Del Monte Corporation in connection with the sale of its Consumer Products Business to Del Monte Pacific Limited, for $1.675 billion.

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