Davis Polk advised underwriters represented by BNP Paribas Securities Corp., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC in connection with the offering of $6.5 billion aggregate principal amount of notes issued by Merck & Co., Inc. The notes were offered in six tranches, two floating-rate tranches maturing in 2016 and 2018 and four fixed-rate tranches maturing in 2016, 2018, 2023 and 2043.
Tags: Davis Polk & Wardwell LLP | New YorkDavis Polk acted as special product counsel for Deutsche Bank Securities Inc. as sole book-running manager and representative of the initial purchasers in connection with a Rule 144A offering by VIVUS, Inc. of $220 million aggregate principal amount of 4.5% convertible senior notes due 2020. In addition, Davis Polk advised Deutsche Bank AG, London Branch as counterparty to a capped call transaction with VIVUS in connection with the convertible notes offering.
Tags: Davis Polk & Wardwell LLP | New York
Herbert Smith Freehills has advised the Joint Lead Managers of Macquarie Group Limited’s (MGL) offer of new Tier 1 hybrid securities known as Macquarie Capital Notes (MCN), which are fully paid, subordinated, non-cumulative, unsecured, mandatorily convertible notes issued by MGL. The offer raised A$580 million, with the ability to raise more.
Tags: Herbert Smith Freehills LLP
The Paris office of global law firm Eversheds has appointed insurance law expert Frédérique de la Chapelle as a partner and Head of Insurance in its international Financial Services Disputes Resolution Team (FSDR).
Tags: Eversheds Sutherland
King & Wood Mallesons has advised US private equity sponsor KKR on the block trade sale of its funds’ interest in Seven West Media (Seven), Australia’s largest multi-platform media business, to a large number of investors.
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Cahill represented Deutsche Bank Securities and J.P. Morgan as joint book-running managers in connection with the Rule 144A offering of $500,000,000 aggregate principal amount of 4.25% Senior Notes due 2023 by Wynn Las Vegas LLC, and Wynn Las Vegas Capital Corp. Proceeds from the offering will be used to refinance existing indebtedness. Cahill is also represented the dealer managers in connection with the concurrent tender offer to repurchase any and all of Wynn Las Vegas’s 7.875% First Mortgage Notes due 2017.
Tags: Cahill Gordon & Reindel LLP | New YorkAndrews Kurth LLP is pleased to announce that noted Houston attorney J. Todd Culwell has returned to the firm as a Partner, focusing on various types of transactions in the energy industry.
Tags: | Houston
In its latest major financings in Latin America, Milbank, Tweed, Hadley & McCloy has advised underwriters in a pair of Costa Rican debt issuances, by the central government and the country’s largest electrical utility. The offerings raised a total of $1.5 billion.
Tags: Milbank LLP | New York
Clyde & Co is delighted to announce that its first Spanish office in Madrid will be opening on 27 May 2013.
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A team of Dechert LLP lawyers is representing B&G Foods, Inc. (NYSE: BGS) in its pricing of a registered public offering of $700 million aggregate principal amount of 4.625% senior notes due in 2021 at a price to the public of 100% of their face value. The notes will be guaranteed on a senior unsecured basis by certain subsidiaries of B&G Foods. The offering is expected to close on June 4, 2013, subject to customary closing conditions.
Tags: Dechert LLP