Davis Polk is advising Sterling Financial Corporation in connection with its $2 billion merger with Umpqua Holdings Corporation. The transaction, which is subject to approval by each company’s shareholders, regulatory approvals and other customary closing conditions, is expected to close during the first half of 2014.
Tags: Davis Polk & Wardwell LLP | New York
Thompson Coburn has added two partners to its employee benefits practice. Mark S. Weisberg and Linda Lemel Hoseman joined the firm’s 62-attorney Chicago office from Winston & Strawn LLP on Sept. 3.
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Global law firm White & Case LLP has advised Natixis as sole Bookrunner and Banco Bilbao Vizcaya Argentaria S.A., Barclays, Commerzbank and J.P. Morgan, together as Joint Lead Managers, on the issue by BPCE of its €1 billion, 4.625 percent subordinated notes due 2023.
Tags: White & Case LLP
Simpson Thacher represented the Toronto-Dominion Bank (“TD Bank”) in its offering of $2.5 billion Floating Rate Senior Medium-Term Notes due 2016, $500 million 1.500% Senior Medium-Term Notes due 2016 and $750 million 2.625% Senior Medium-Term Notes due 2018.
Tags: Simpson Thacher & Bartlett LLP | New York
King & Wood Mallesons (KWM) has advised Australian Agricultural Company Limited (AACo) on its $299 million capital raising, announced on Thursday 12 September 2013.
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King & Spalding advised FleetCor Technologies, Inc. in a secondary offering in which selling stockholders sold 2.75 million shares of the company’s common stock for an aggregate price to the public of approximately $289 million. Goldman, Sachs & Co. acted as sole underwriter for the offering. FleetCor did not sell any shares in the offering and did not receive any proceeds from the offering.
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Thomas F. Allen, Jr., has joined the Dallas Office of global law firm Jones Day as a partner in the Issues & Appeals Practice. Formerly a partner at Carrington, Coleman, Sloman & Blumenthal, L.L.P., he has extensive experience representing clients before the Supreme Court of Texas, intermediate Texas courts of appeals, and federal courts of appeals.
Tags: Jones Day | Dallas
Shearman & Sterling advised on Sprint Corporation’s $6.5 billion high-yield bond offering—reportedly the largest-ever high-yield bond offering sold directly to investors. The firm represented J.P. Morgan Securities LLC, Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc., Credit Agricole Securities (USA) Inc., Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co., and RBC Capital Markets LLC as joint book-running managers; Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC as senior co-managers; and The Williams Capital Group, L.P. as co-manager. The offering consisted of $2.25 billion of 7.250% notes due 2021 and $4.25 billion of 7.875% notes due 2023.
Tags: Shearman & Sterling LLP | New YorkShearman & Sterling advised Japanese company Mori Seiki Co., Ltd. on its increased shareholding in German machine tool manufacturer Gildemeister Aktiengesellschaft (“Gildemeister”) and the participation in a subsequent capital increase with subscription rights.
Tags: Shearman & Sterling LLP | Tokyo
Schiff Hardin welcomes Paula Leibovitz Goodwin as a partner in the Private Clients, Trusts and Estates Group in the firm’s San Francisco office. Ms. Goodwin has more than 30 years of experience in estate planning and decedent estate administration, with an emphasis on tax planning for both large and small estates.
Tags: Schiff Hardin LLP | San Francisco