Paul Hastings LLP, a leading global law firm, represented Deutsche Bank, Morgan Stanley and UBS as the lead underwriters in connection with the initial public offering of Mexican low-cost airline Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (“Volaris”). The offering involved an issuance of Series A shares in Mexico which were listed on the Mexican Stock Exchange and an issuance of Ordinary Participation Certificates in the form of American Depositary Shares in the U.S. and other countries outside of Mexico.  The ADSs were registered with the SEC and listed on the New York Stock Exchange.  The underwriters also exercised the over-allotment option which closed concurrently with the offering.

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Simpson Thacher represented Kohlberg Kravis Roberts & Co. L.P. (“KKR”) in the substantially contemporaneous acquisitions of PRA Holdings, Inc. (“PRA”) by KKR and of RPS Parent Holding Corp. (“RPS”) by PRA. As part of the financing for the acquisitions, PRA issued $375 million aggregate principal amount of 9.500% Senior Notes due 2023 in a Rule 144A and Regulation S offering and entered into a new $825 million term loan facility and a new $125 million revolving credit facility.

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Foley announced today that Lisa Estrada has joined the firm’s Health Care Industry Team as a partner in the New York office.

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Shearman & Sterling represented Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. as joint lead arrangers and joint book managers in connection with a $10 billion 364-day credit facility for Johnson & Johnson.

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