Proskauer – American Realty Capital Properties To Acquire American Realty Capital Trust IV in $3.1 Billion Transaction

American Realty Capital Properties, Inc. (“ARCP”) announced a definitive merger agreement to acquire all of the outstanding shares of American Realty Capital Trust IV (“ARCT IV”) in a $3.1 billion transaction whereby ARCP will own 2,579 single tenant properties net leased to 470 tenants across 29 industries in 48 states. Proskauer served as counsel to ARCP and ARCT IV. The deal is expected to close in the third quarter of 2013.

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Tags:  Proskauer Rose LLP | New York

Herbert Smith Freehills Advises Joint Lead Managers on Westpac’s A$750m Subordinated Notes II Offer

Herbert Smith Freehills has advised the joint lead managers of Westpac Banking Corporation’s (Westpac) offer of new Tier 2 hybrid securities known as Westpac Subordinated Notes II (Notes), which are fully paid, redeemable, subordinated and unsecured debt obligations of Westpac (Offer). The Offer is intended to raise A$750 million, with the ability to raise more or less.

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Tags:  Herbert Smith Freehills Kramer LLP

Paul Hastings Represents Wells Fargo in $500 Million Credit Facility for Elevation Resources LLC

Paul Hastings LLP, a leading global law firm, announced today that the firm represented Wells Fargo Securities, LLC as sole lead arranger and sole bookrunner, and Wells Fargo Bank, National Association, as the administrative agent, in connection with a $500,000,000 senior secured revolving credit facility for Elevation Resources LLC.

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Tags:  Paul Hastings, LLP | Houston