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.
Tags: Proskauer Rose LLP | New York
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.
Tags: Herbert Smith Freehills Kramer LLP
Arnold & Porter LLP announced today that Peter Obstler has joined the firm’s San Francisco office as a partner in the Litigation, Financial Services, and Securities and Enforcement practices. Also joining the firm with Mr. Obstler as counsel are Jee Young You and Marjory Gentry.
Tags: Arnold & Porter Kaye Scholer LLP | San Francisco
Thompson Hine LLP is pleased to announce that Ugo Colella has joined the firm’s Washington, D.C. office as a partner in theBusiness Litigation group. He has extensive knowledge of complex commercial disputes, particularly class actions and multidistrict litigation. He previously practiced at Patton Boggs LLP.
Tags: Thompson Hine LLP
A team of Drinker Biddle lawyers represented Enstar in its definitive agreement to acquire global specialty insurer Torus Insurance Holdings Limited. Torus is the holding company of six wholly owned insurance vehicles, including one Lloyd’s syndicate. The total consideration for the transaction is $692 million.
Tags: Drinker Biddle & Reath, LLP
Former federal prosecutor Russell E. Marsh has joined the Las Vegas office of the international law firm Greenberg Traurig, LLP. He joins as a shareholder in the firm’s Litigation Practice. Prior to joining the firm, Marsh served as the Chief of the Criminal Division for the U.S. Attorney’s Office in the District of Nevada.
Tags: Greenberg Traurig, LLP
Venable LLP announced that Andrew Olmem, the former Republican Chief Counsel and Deputy Staff Director of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, has joined the firm’s Washington, DC office as a partner. He will be a member of the Financial Services, and Legislative and Government Affairs Practice Groups.
Tags: Venable LLP
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 $500,000,000 senior secured revolving credit facility for Elevation Resources LLC.
Tags: Paul Hastings, LLP | HoustonPaul Hastings, a leading global law firm, announced today that the firm represented UBS, BBVA, Goldman Sachs, JP Morgan and Soc Gen as initial purchasers in a US$ 458.5 million global offering of shares of OHL Mexico which consisted of a public tranche in Mexico and a Rule 144A/Reg S tranche outside of Mexico. OHL Mexico is a subsidiary of Obrascon Huarte Lain, the leading Spanish construction, concession, transportation infrastructure, development and management company with global operations. OHL Mexico holds five toll road and one airport concession in Mexico. The company raised capital to fund investment in its current concessions, to repay existing obligations and to fund development of new projects in anticipation of the expected announcement by the Mexican government of its 350 billion pesos (US$26 billion) National Infrastructure Plan.
Tags: Paul Hastings, LLP | New YorkPaul Hastings LLP, a leading global law firm, represented BofA Merill Lynch (Global Coordinator), BBVA, Santander, Barclays and Morgan Stanley as Joint Bookrunners in connection with the SEC registered secondary offering by Aeroinvest, S.A. de C.V. of shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMA). OMA, which is listed on NASDAQ (OMAB) and the Mexican Stock Exchange (OMA), operates, maintains and develops 13 airports in Mexico, concentrated in the country’s central and northern regions, including Monterrey. The shares and ADRs were sold by a subsidiary of ICA, the largest infrastructure company in Mexico.
Tags: Paul Hastings, LLP | New York