Pennington, P.A. is pleased to announce the addition of attorney William D. Horgan to its Tallahassee, FL office.
Tags: Pennington P.A.Chadbourne Represents Chartis Excess in Connection with Its Reorganization
Chadbourne & Parke commenced a case under Chapter 15 of the United States Bankruptcy Code for Chartis Excess Ltd., a subsidiary of AIG. Chartis Excess is requesting an order granting recognition to court proceedings before the High Court of Ireland and enforcing a scheme of arrangement sanctioned by the Irish High Court. The action is part of a larger reorganization of AIG and to prepare for upcoming changes to European insurance rules, which are designed to protect policyholders and prevent insurance companies from failing.
Tags: New York
Shearman & Sterling Advises E.ON on Divestiture of Its Hungarian Gas Storage and Trading Activities
Shearman & Sterling advised the German-based power and gas group E.ON in the divestiture of its Hungarian gas storage and trading activities to the Hungarian state-owned energy group MVM Hungarian Electricity Ltd. E.ON concluded an agreement to sell its 100-percent stakes in E.ON Földgáz Trade and E.ON Földgáz Storage to MVM. Including the assumption of debt, the purchase price for both companies is around €870 million.
Tags: Shearman & Sterling LLP
Mannheimer Swartling – Klövern Issues a Mortgage Backed Bond Loan of SEK 700 Million
Klövern AB (publ) issues a Swedish five year SEK 700 million mortgage backed bond loan to finance a portfolio of investment properties in Karlstad, Sweden, with a total market value of approximately SEK 1.1 billion. Klövern will apply for a listing of the bond loan on NASDAQ OMX Stockholm.
Tags: Mannheimer Swartling
Vedder Price Opens San Francisco Office
Vedder Price is pleased to announce its entry into the California market with an office in San Francisco.
Tags: Vedder Price | San Francisco
Paul Hastings Represents Bank of Montreal in $1 Billion Credit Facility for WildHorse Resources, LLC
Paul Hastings LLP, a leading global law firm, announced today that the firm represented BMO Capital Markets as sole lead arranger and sole bookrunner, and Bank of Montreal, as the administrative agent in connection with a $1 Billion amended and restated senior secured revolving credit facility for WildHorse Resources, LLC.
Tags: Paul Hastings LLP | HoustonPaul Hastings Represents Reich and Tang in Agreement to Acquire $4 Billion Money Market Fund Assets from HighMark Capital Management
Paul Hastings, a leading global law firm, announced today that the firm represented Reich and Tang, a subsidiary of Natixis Global Asset Management, S.A, in the agreement to acquire five money market funds from HighMark Management Capital Inc. a wholly owned subsidiary of Union Bank, NA.
Tags: Paul Hastings LLP | New YorkShearman & Sterling Advises on Titan International’s $325 Million Secured Notes Offering
Shearman & Sterling represented Goldman, Sachs & Co., Jefferies LLC and William Blair & Company, LLC as initial purchasers in connection with Titan International, Inc.’s offering of $325 million of its 7.875% Senior Secured Notes due 2017. The proceeds from the offering were used to repay existing indebtedness of a recently acquired business in Europe and for general corporate purposes.
Tags: Shearman & Sterling LLP | New YorkGroundbreaking US$2B Sukuk for US$20B Giga Scale, Sadara Project
Sadara Basic Services Company today issued a SAR 7.5 Billion (equivalent to US$2 billion) project sukuk to help finance the construction of Sadara Chemical Company’s (Sadara) US$19.1 billion chemical and plastic production complex in Jubail Industrial City II, Saudi Arabia. Sadara, a joint venture between The Dow Chemical Co. and Saudi Arabian Oil Co., received approval for the sukuk issuance from the Capital Market Authority of Saudi Arabia last month and launched the issuance on March 13th. The sukuk certificates have a 15.75-year term with the investors expected to receive return of 6 month SAIBOR plus a margin. The sale was limited to Saudi nationals or established companies holding a commercial registration number with the Ministry of Commerce and Industry of Saudi Arabia.
Perkins Coie’s Chicago Office Adds Three More IP Attorneys
Perkins Coie is pleased to announce that Michael R. Osterhoff, Adam L. Marchuk and Heather A. Boice have joined the firm’s patent litigation practice in Chicago. All three attorneys were most recently partners at K&L Gates LLP. The arrival of Osterhoff, Marchuk and Boice follows closely upon the recent addition of Dave Fournier to the firm’s Chicago office.
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