Seyfarth Shaw LLP announced today the arrival of partner Steven R. Meier to the firm’s Corporate department in Chicago. Meier joins Seyfarth from Jenner & Block LLP, where he was the co-chair of the Real Estate Securities practice and a member of its Tax department.
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Leading international law firm Clifford Chance has advised the 21 joint bookrunners* on China Galaxy Securities US$1.07 billion IPO on the Hong Kong Stock Exchange. Joint global coordinators for the deal were Goldman Sachs, JP Morgan, China Galaxy International Securities Hong Kong Limited, ABCI Capital Limited and Nomura. The company sold approximately 1.6 billion H shares at HK$5.30 each.
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Michael Duffy has rejoined Baker & McKenzie’s renowned Dispute Resolution Practice as a partner, adding 12 years of experience in a range of dispute resolution matters.
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Simpson Thacher represented the underwriters, led by Merrill Lynch, Pierce, Fenner & Smith Incorporated and Citigroup Global Markets Inc., in connection with a registered public offering of 21,850,000 shares of common stock of Apollo Investment Corporation (“Apollo”). The offering resulted in gross proceeds to Apollo of approximately $187.9 million.
Tags: Simpson Thacher & Bartlett LLP | New YorkThe Firm is representing an affiliate of Blackstone Real Estate Partners VII in connection with the announced acquisition of 23 U.S. warehouses from First Potomac Realty Trust for $241.5 million. The industrial properties, which comprise approximately four million square feet, are located in southern Virginia and the Washington, D.C. and Baltimore, MD metropolitan areas. The transaction is expected to close by the end of the second quarter of 2013 and is subject to customary closing conditions.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher represented the initial purchasers, led by Goldman, Sachs & Co., in connection with a private placement pursuant to Rule 144A and Regulation S of $560 million aggregate principal amount of 7.000% Senior Secured Second Lien Notes due 2018 issued by Safway Group Holding LLC (“Safway”) and Safway Finance Corp. The notes are guaranteed on a senior basis by Safway’s parent, and by certain of Safway’s existing and future material domestic subsidiaries, and are secured by a second-priority lien on substantially all of Safway’s and the guarantors’ assets, other than certain excluded assets. Safway used the net proceeds of the offering to repay in full the entire principal amount outstanding under its second lien senior secured term loan and a portion of the borrowings outstanding under its ABL credit facility, to make a distribution to its parent to pay a dividend to equity holders, to pay related fees and expenses of the offering and for general corporate purposes.
Tags: Simpson Thacher & Bartlett LLP | New YorkThe Firm recently represented eircom in an offering of €350 million of 9.25% senior secured notes due 2020 issued by eircom Finance Limited and guaranteed by eircom Holdings (Ireland) Limited and certain of its subsidiaries. The offering was conducted in reliance upon Rule 144A and Regulation S under the Securities Act of 1933.
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Cooley LLP announced today that it has further bolstered its national litigation practice with the admission of Ray Hartman. Hartman, who will be based in Cooley’s San Diego office, joins the firm from DLA Piper. Hartman brings to Cooley considerable experience in the areas of environmental, toxic tort, product liability and real estate litigation.
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Kramer Levin represented holders of notes in connection with an exchange offer by Clear Channel Communications, Inc., of new senior unsecured notes due 2021 for all $2.1 billion of outstanding senior unsecured LBO notes. The Kramer Levin team included Corporate partners John Bessonette and Abbe L. Dienstag, and associates Jeffrey Taylor, Amanda Webber, Steven Segal and Jennifer A. Wilen.
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Cahill represented the underwriters in connection with the secondary public offering by certain shareholders of Nielsen Holdings N.V. (NYSE: NLSN), valued at $1,409,152,500. The offering made available 40,250,000 shares of common stock, including the exercise of the underwriter’s over-allotment option. The selling stockholders received all of the proceeds of the sale.
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