Simpson Thacher represented First Data Corporation (“First Data”) in connection with its Rule 144A and Regulation S offering of $750 million aggregate principal amount of 11.75% Senior Subordinated Notes due 2021.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher recently represented HCA Inc. in three refinancings of its $13.55 billion/€1.0 billion senior secured cash flow credit facility, enabling HCA to obtain lower pricing on its term loans. To effect the first transaction, HCA Inc. entered into a Joinder Agreement on April 25, 2013 pursuant to which a new, $2.374 billion tranche of B-4 term loans was established to replace HCA’s tranche B-3 term loans. Subsequently, on May 3, 2013, HCA entered a second Joinder Agreement by which $2.00 billion of new tranche B-5 term loans were created to pay down HCA’s tranche B-2 term loans. Finally, on May 22, 2013, HCA entered a third Joinder Agreement, establishing $726 million of new tranche A-4 term loans to pay down its tranche A-3 term loans.
Tags: Simpson Thacher & Bartlett LLP | New YorkThe Firm is representing Smithfield Foods (NYSE: SFD) in connection with its definitive merger agreement with Shuanghui International Holdings Limited. Under the terms of the deal, Smithfield shareholders will receive US$34.00 per share in cash, which values Smithfield at US$7.1 billion, including the assumption of Smithfield’s net debt. The transaction, which is expected to close in the second half of 2013, is subject to shareholder approval and other customary closing conditions.
Tags: Simpson Thacher & Bartlett LLP | Hong Kong
Rebecca J. Grunick has joined Porter Wright’s growing Cleveland office as a partner in the firm’s Corporate Department.
Tags: Porter Wright Morris & Arthur LLP
Addleshaw Goddard is increasing its capability across the Arabian Gulf and targeting further growth, with the addition of a new office in Qatar – the firm’s third office opening in the GCC region in the last nine months.
Tags: Addleshaw Goddard LLP
American Realty Capital Properties, Inc. (“ARCP”) announced a definitive merger agreement to acquire all of the outstanding shares of CapLease, Inc, in a $2.2 billion transaction that will create the country’s third largest net lease real estate investment trust (REIT) with an enterprise value of $6 billion. Proskauer served as counsel to ARCP. The deal is expected to close in the third quarter of 2013, subject to certain closing conditions, including the approval of CapLease’s stockholders.
Tags: Proskauer Rose LLP | New York
On May 28, 2013, Fidelity National Financial, Inc. (“FNF”), a leading provider of title insurance, mortgage services and diversified services, and Lender Processing Services, Inc. (“LPS”), a leading provider of integrated technology, services, data and analytics to the mortgage and real estate industries, announced the signing of a definitive agreement under which FNF will acquire all of the common stock of LPS for $33.25 per common share, for a total equity value of approximately $2.9 billion. Under the terms of the definitive agreement, FNF will pay 50% of the consideration for the LPS shares of common stock in cash and 50% in shares of FNF common stock, subject to adjustment. Cravath represented LPS in connection with this transaction.
Tags: Cravath, Swaine & Moore LLP | New York
The law firm of Michael Best & Friedrich LLP is pleased to announce Lucinda J. Schettler has rejoined the firm’s Labor and Employment Relations Practice Group in the Milwaukee office, effective May 28, 2013.
Tags: Michael Best & Friedrich LLP
King & Spalding represented GlaxoSmithKline (GSK) on its acquisition of Okairos, a specialist developer of vaccine platform technologies, for €250 million in cash.
Tags: King & Spalding LLPChadbourne & Parke represented Fondo de la Vivienda del Instituto de Seguridad y Servicios Sociales de los Trabajadores del Estado (FOVISSSTE) in the successful placement of its fifteenth mortgage loan portfolio securitization, known as TFOVIS and worth approximately US$573 million, the largest RMBS ever done in the Mexican market.
Tags: Mexico City