Simpson Thacher Represents Blackstone in its R$1.4 Billion Acquisition of 70% Stake in Brazilian Residential Developer Alphaville

The Firm is representing an affiliate of Blackstone Real Estate Partners VII (Blackstone) in connection with the announced acquisition, along with its Brazilian partner Pátria Investimentos, of 70% of the share capital of Alphaville Urbanismo S.A. (“Alphaville”) from Gafisa S.A. (“Gafisa”) for approximately R$1.4 billion (approximately US$665 million), valuing Alphaville at an equity value of approximately R$2 billion. The remaining 30% of the share capital of Alphaville will remain with Gafisa. The transaction is expected to close in the second half of 2013 and is subject to customary closing conditions, including the approval by Brazilian antitrust authorities.

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Tags:  Simpson Thacher & Bartlett LLP | Sao Paulo

Simpson Thacher Represents Underwriters in $850 Million Notes Offering, Related Tender Offer and Consent Solicitation by Concho Resources Inc.

Simpson Thacher advised the underwriters on an $850 million debt offering by Concho Resources Inc. (“Concho”). BofA Merrill Lynch, Barclays, Citigroup, J.P. Morgan and Wells Fargo Securities were the joint book-running managers for the offering. A portion of the net proceeds from the offering were used to finance the cash tender offer for $300 million of Concho’s outstanding notes. Concho intends to use the remaining net proceeds to repay borrowings under its credit facility and for general corporate purposes.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Fredrikson & Byron Represents Magnetation LLC in $325 Million Senior Secured Notes Offering and $50 Million Senior Secured Revolving Credit Facility

Fredrikson & Byron acted as legal counsel for Magnetation LLC in its sale of an aggregate principal amount of $325 million senior secured notes and entry into a $50 million senior secured revolving credit facility. Magnetation LLC is a natural resources company that focuses on the design, development, construction and operation of facilities that produce iron ore concentrate from previously-abandoned iron ore waste stockpiles and tailings basins. J.P. Morgan Securities LLC, Jefferies LLC and Deutsche Bank Securities Inc. served as joint book-running managers in the sale of senior secured notes. JPMorgan Chase Bank, N.A. is the administrative agent for the credit facility, and J.P. Morgan Securities LLC served as the sole lead arranger and sole bookrunner.

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Tags:  Fredrikson & Byron P.A.