Paul Weiss – Oak Hill Advisors Completes a $318 Million Refinancing of Intrepid CLO

Wednesday, April 24, 2013

Paul, Weiss client Oak Hill Advisors. L.P., as portfolio manager of OHA Intrepid Leveraged Loan Fund, Ltd., a cash flow Collateral Loan Obligation (CLO) fund, completed a precedent-setting refinancing transaction in which $318 million of three classes of secured notes issued by the CLO were simultaneously redeemed and refinanced with proceeds from the issuance of new secured notes. The transaction is one of the few CLO refinancings to be completed in the market and allowed the client to obtain a significantly lower cost of capital.

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Tags:  Paul, Weiss, Rifkind, Wharton & Garrison LLP | New York

Paul Hastings Houston Office Expansion Continues with Prominent Master Limited Partnership and Capital Markets Lawyer

Tuesday, April 23, 2013

Paul Hastings LLP, a leading global law firm, announced today that Gislar Donnenberg has joined the firm as a partner with the Securities and Capital Markets practice in Houston. Mr. Donnenberg joins from Andrews Kurth LLP, where he was a partner. He is one of the leading legal experts in master limited partnerships (MLP), with a strong base of energy clients. His arrival coincides with the one-year anniversary of the firm’s Houston office opening.

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Tags:  Paul Hastings, LLP | Houston

Paul Hastings Advises CDH Investments on HK$850 Million Convertible Bonds Offering

Tuesday, April 23, 2013

Paul Hastings, a leading global law firm, announced today that it advised CDH Investments (“CDH”), an international alternative asset fund manager focusing on investments in private equity, venture capital, real estate, mezzanine and public equity markets with over US$8 billion of assets under management, as one of the Subscribers in Hong Kong-listed Man Wah Holdings Limited’s (“Man Wah”) HK$850 million convertible bonds issuance.

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Tags:  Paul Hastings, LLP | Hong Kong

Sheppard Mullin Continues its New York Expansion with Three Partners

Tuesday, April 23, 2013

John R. Hempill, Jack Kiley and MaryJeanette Dee have joined Sheppard, Mullin, Richter & Hampton LLP as partners in the firm’s New York office. Hempill joins as a member of the Corporate practice group from Morrison Foerster, where he was a former co-chair of the Emerging Companies & Venture Capital group. Kiley joins as a member of the Labor and Employment practice group from Kelley Drye & Warren, where he chaired the Labor and Employment practice group. Dee joins as a member of the Business Trial practice group from Richards Kibbe & Orbe, where she was a member of the executive committee. Joining Kiley at Sheppard Mullin from Kelley Drye & Warren is a six-attorney Labor and Employment group.

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Tags:  Sheppard, Mullin, Richter & Hampton LLP | New York

Simpson Thacher Represents Silver Lake Sumeru in Connection with Announced Merger of Power-One and ABB

Tuesday, April 23, 2013

The Firm is representing Silver Lake Sumeru in connection with the announced merger of Power-One, Inc. (NASDAQ: PWER) and ABB Ltd (NYSE: ABB). Investment funds affiliated with Silver Lake Sumeru own common stock and convertible preferred stock representing, on an as-converted basis, approximately 33% of the outstanding equity securities of Power-One. Under the terms of the merger agreement, ABB will acquire all of the issued and outstanding shares of Power-One for $6.35 per share in cash, which represents an equity value of approximately $1.028 billion. The transaction is subject to the satisfaction of customary closing conditions and is expected to close in the second half of 2013.

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Tags:  Simpson Thacher & Bartlett LLP | Silicon Valley