Simpson 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.
Tags: Knobbe Martens
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.
Tags: Loeb & Loeb LLP | New York
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 LLP
Baker & 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
On July 29, it was announced that Canadian retailer Hudson’s Bay Company (“HBC”) and U.S. luxury retailer Saks Incorporated (“Saks”) have entered into a definitive merger agreement whereby HBC will acquire Saks for $16.00 per share in an all-cash transaction valued at approximately $2.9 billion, including debt. Willkie represented Hudson’s Bay Company in the transaction. The cross border acquisition is expected to increase HBC’s growth potential both in the U.S. and Canada, generate significant efficiencies of scale, add prime real estate to the company’s portfolio and provide substantial shareholder value.
Tags: Willkie Farr & Gallagher LLP | New YorkThe Tokyo office of the Firm recently represented the initial purchasers, led by Merrill Lynch, Pierce, Fenner & Smith Incorporated and Citigroup Global Markets Inc. in an offering of $500,000,000 2.100% Senior Notes due 2018 by Japan Tobacco Inc. The notes were sold to international investors outside of Japan in reliance on Rule 144A and Regulation S. The notes are listed on the Singapore Stock Exchange.
Tags: Simpson Thacher & Bartlett LLP | Tokyo
International law firm McDermott Will & Emery today announced the appointment of Anne Marie Turner as a partner in the Firm’s Government Strategies Practice Group, based in its Washington, D.C. office.
Tags: McDermott Will & Emery LLP
International law firm Freshfields Bruckhaus Deringer has advised Meiji Yasuda Life Insurance Company (Meiji Yasuda) on its 15% capital investment in Thailand based insurer Thai Life Insurance Public Company Limited (Thai Life).
Tags: Freshfields LLP | Tokyo
On Tuesday, July 23, 2013, the U.S. Environmental Protection Agency (EPA), the U.S. Department of Justice (DOJ) and the State of Texas lodged in federal district court in San Antonio a proposed consent decree with the San Antonio Water System (SAWS) resolving claims regarding sanitary sewer overflows (SSOs). SAWS is a public utility owned by the City of San Antonio, providing sewage treatment and wastewater services to the city.
Tags: Beveridge & Diamond, P.C. | Austin | San Antonio