Porter Hedges Grows Energy Practice with New Partner Jeremy Mouton

Wednesday, August 7, 2013

Jeremy Mouton has joined Porter Hedges as a partner in the Energy Section. His practice focuses on advising oil and gas companies on a variety of corporate, transactional and commercial matters, with an emphasis on upstream joint ventures, acquisitions and divestitures. He also represents consumer product, distribution chain, and technology companies in connection with joint ventures, acquisitions, divestitures, commercial contracts, project development, and other corporate and commercial matters.

More >>

Tags:  Porter Hedges LLP | Houston

Latham & Watkins Advises on US$825 Million Project Bond in the UAE

Wednesday, August 7, 2013

Latham & Watkins advised the Joint Lead Managers, BNP Paribas, Citibank, HSBC, Mitsubishi UFJ Securities, National Bank of Abu Dhabi and Standard Chartered Bank, the Co-Manager, Mizuho Securities, and Bond Trustee, Citibank, on Ruwais Power Company’s issuance of US$825 million Senior Secured 6.0% Bonds due 2036. The issuance closed on 6 August 2013 and was very well-received by investors.

More >>

Tags:  Latham & Watkins LLP | Dubai

Milbank – Shuweihat S2 IWPP – US$825 Million Bond Refinancing

Wednesday, August 7, 2013

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).

More >>

Tags:  Milbank LLP

Simpson Thacher Represents Underwriters in $3 Billion Note Offering by Halliburton Company

Wednesday, August 7, 2013

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.

More >>

Tags:  Simpson Thacher & Bartlett LLP | New York

Simpson Thacher Represents Initial Purchasers in US$750 Million Sovereign Debt Offering by the Government of Bermuda

Wednesday, August 7, 2013

The 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.

More >>

Tags:  Simpson Thacher & Bartlett LLP | New York

Simpson Thacher Represents Emerson Electric in Sale of Majority Interest in its Embedded Computing & Power Business to Platinum Equity

Wednesday, August 7, 2013

Simpson 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.

More >>

Tags:  Simpson Thacher & Bartlett LLP | New York

Thompson Hine Expands White Collar Criminal Practice in New York – Maranda E. Fritz Most Recent Lateral Partner to Join Firm

Wednesday, August 7, 2013

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.

More >>

Tags:  Thompson Hine LLP | New York