Davis Polk acted as special product counsel for J.P. Morgan Securities LLC and Citigroup Global Markets Inc. as representatives of the underwriters on a registered public offering by American Realty Capital Properties, Inc. of $300 million aggregate principal amount of 3% convertible senior notes due 2018.
Tags: Davis Polk & Wardwell LLP | New York
Baker & McKenzie Warsaw strengthens its Infrastructure practice with the hire of leading Public-Private Partnership (PPP) lawyer, Agnieszka Ferek, as partner in Warsaw.
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Ogletree, Deakins, Nash, Smoak & Stewart, P.C. (Ogletree Deakins), one of the largest labor and employment law firms representing management, is pleased to welcome Daniel R. Begian as a shareholder in its St. Louis office. Begian, a veteran labor and employment attorney with more than 30 years of practice in St. Louis, will bolster the firm’s Traditional Labor Relations, Employment Law, and Workplace Safety and Health practice groups. Begian joins Ogletree Deakins from The Lowenbaum Partnership and is reconnected with his former colleagues, including shareholders Bob Stewart, Stan Schroeder and Bill Lawson, who joined the firm in January, as well as Burt Garland and others.
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The Firm is representing Barclays Bank PLC and HSBC Securities (USA) Inc. in connection with $4.35 billion of committed bridge financing to Perrigo Company in its announced $8.6 billion acquisition of Elan Corporation, PLC for $6.25 in cash plus 0.07636 shares of a newly formed Perrigo holding company for each Elan share, valuing each Elan share at $16.50 based on the closing price per Perrigo share on July 26, 2013. The proceeds of the bridge facilities will be available to finance a portion of the cash consideration for the acquisition, to repay certain indebtedness of Perrigo and to pay fees and expenses related thereto.
Tags: Simpson Thacher & Bartlett LLP | New YorkThe Firm represented Graña y Montero S.A.A. in connection with its $413 million initial public offering of American depositary shares, each representing five common shares, registered with the U.S. Securities and Exchange Commission. Graña y Montero’s common shares have been listed on the Peruvian stock exchange since 1997. The ADSs are listed on the New York Stock Exchange under the ticker symbol “GRAM”.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher recently represented the initial purchasers, led by J.P. Morgan Securities, in connection with the offering of $800 million aggregate principal amount of Senior PIK Toggle Notes by Michaels FinCo Holdings, LLC and a corporate co-issuer. The net proceeds of the offering will be used to fund a cash payment to equity and equity-award holders.
Tags: Simpson Thacher & Bartlett LLP | New York
Knobbe Martens Olson and Bear LLP client, IDev Technologies, has entered into an agreement in which Abbot Labs, one of the world’s largest pharmaceutical and healthcare companies, will acquire all outstanding equity of IDev Technologies for $310 million net of cash and debt.
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Loeb & Loeb LLP announced today that Michael Grandis has joined the firm’s New York office as a partner in the Corporate Department, bringing with him nearly 15 years of experience, primarily in the areas of public and private mergers and acquisitions, venture capital and private equity financings, as well as corporate governance counseling. Most recently, he was a partner in the Corporate and Commercial Practice at Ingram Yuzek Gainen Carroll & Bertolotti, LLP in New York.
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Diane J. Romza-Kutz has joined Husch Blackwell’s Chicago office as a Partner. Romza-Kutz will focus on assisting Life Sciences and Pharmaceutical industry clients with federal and state regulatory matters, licensing and Intellectual Property matters; she brings substantial experience handling federal food and drug matters, Federal Trade Commission matters and U.S. Department of Agriculture regulatory matters as well as licensing agreements and related complex litigation matters.
Tags: Husch Blackwell LLPBaker & McKenzie acted as REIT trustee’s counsel for Regal Real Estate Investment Trust (“Regal REIT”) on its HK$4.5 billion term loan and a HK$300 million revolving loan in July 2013, which are both for a term of approximately 5 years. The new term loan will be used for refinancing the existing term loan facility that will mature on 9 March 2015. The revolving loan will be used for general corporate funding purposes of Regal REIT.
Tags: Baker McKenzie | Hong Kong