International Trade and Competition Team Joins McGuireWoods

McGuireWoods LLP today announced that it is expanding its international trade, competition and EU regulatory law practice with the addition of a four-member team in the firm’s Brussels office. The team will significantly enhance the firm’s abilities in Europe and throughout the United States to represent clients with complex international trade, competition and regulatory matters.

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Tags:  McGuireWoods LLP

Eric Johnson Joins Sherman & Howard

Sherman & Howard L.L.C., a national law firm that is one of the oldest and most successful headquartered in the Rocky Mountain region, today announced the addition of attorney Eric Johnson as a member in its Denver office. Johnson joins Sherman & Howard from the Denver office of Bryan Cave HRO. His practice focuses on protecting the financial rights and investments of his clients in lending and merger and acquisition transactions, and successfully managing bankruptcy and insolvency risks.

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Tags:  Sherman & Howard L.L.C. | Denver

Milbank – US$500 Million Financing for Tamar Offshore Gas Field

Milbank has advised the lenders and hedge counterparties on a further US$500 million term loan financing for Isramco Negev 2 LP (“Isramco”) in support of its share of the development of the Tamar gas field located off the coast of Israel. The Loan proceeds partially refinance the US$750 million bridge and term loans extended to Isramco in 2011 and also support future development and expansion of the field which became operational in March 2013.

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Davis Polk Advises On Exide Technologies Debtor-in-Possession Credit Facility

Davis Polk is advising JPMorgan Chase Bank, N.A. as administrative agent and collateral agent, and J.P. Morgan Securities LLC, as sole bookrunner and sole lead arranger under a $500 million superpriority debtor-in-possession credit facility to Exide Technologies and certain of its non-debtor subsidiaries, consisting of a $225 million first-out asset-based revolving credit facility and a $275 million second-out term loan, which are secured by collateral in the United States and 17 foreign jurisdictions. The DIP facility has been approved by the bankruptcy court on an interim basis and is subject to final bankruptcy court approval and various other conditions. Under the terms of the interim approval, Exide Technologies has full access to the revolver and immediate access to $170 million of the term loan. The final hearing to approve the DIP facility has been scheduled for July 11, 2013.

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Tags:  Davis Polk & Wardwell LLP | New York