Norma M. Gant has joined LeClairRyan as a partner in the firm’s litigation department. She will be resident in the national law firm’s Detroit office.
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Paul Hastings Represents RBC Capital Markets and Morgan Stanley in Livingston International’s Refinancing
Paul Hastings, a leading global law firm, announced today that the firm represented RBC Capital Markets and Morgan Stanley Senior Funding, Inc., as joint lead arrangers and joint bookrunners and Royal Bank of Canada, as administrative agent, in connection with $555 million in senior secured credit facilities in favor of Livingston International, a North American provider of customs brokerage services, for the refinancing of certain existing indebtedness of Livingston International.
Tags: Paul Hastings, LLP | New York
Goodwin Procter Acts as Lead Counsel in Countrywide RMBS Litigation
Bank of America announced on April 17, 2013 that a settlement in principle has been reached in class action litigation concerning residential mortgage-backed securities (RMBS) issued by subsidiaries of Countrywide Financial Corporation, prior to Countrywide’s acquisition by Bank of America in 2008. For more information, see Bank of America’s First-Quarter 2013 Press Release. The $500 million settlement resolves claims concerning a total of 429 RMBS offerings with an original principal balance exceeding $350 billion, and is subject to final court approval.
Tags: Goodwin Procter LLP
KWM Continues Streak of Cross-border Real Estate Investment Deals
King & Wood Mallesons has continued its streak of advisory roles on South East Asian investment into the Australian Real Estate Sector, acting for Singapore-listed Far East Orchard (FEOrchard) on its $225 million investment with Australian hotel and property company, Toga Group.
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Willkie Advises Issuer in $1.25 Billion Public Debt Offering
On April 15, Willkie client Fidelity National Information Services, Inc. (“FIS”), completed a public offering of $1 billion of 3.5% Senior Notes due 2023 and $250 million of 2.0% Senior Notes due 2018. The offerings represented FIS’s initial entry into the investment grade debt market following recent upgrades by both Moody’s and S&P. The managing underwriters of the offerings were J.P. Morgan, Bank of America Merrill Lynch and Barclays. FIS will use the proceeds to redeem $750 million of 7.625% Notes due 2017 and for general corporate purposes. The deals were preceded by a three-day non-deal roadshow during the week of April 1.
Tags: Willkie Farr & Gallagher LLP | New York
Sills Cummis & Gross Welcomes Victor J. Herlinsky, Jr. and Amy M. Handler
Sills Cummis & Gross P.C. is pleased to announce that Victor J. Herlinsky, Jr. and Amy M. Handler recently joined the Firm’s Litigation Practice Group. Mr. Herlinsky is a Member of the Firm and Ms. Handler is an Associate.
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Clifford Chance Advises the Lead Managers on the Issue of Bonds by Banque PSA Finance in an Amount of 1.2 Billion Euros Benefiting from the Guarantee of the French State
Clifford Chance Paris advised BNP Paribas and the other lead managers on the issue by Banque PSA Finance of 1.2 billion euros of bonds benefiting from the guarantee of the French State.
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Herbert Smith Freehills Advises on the Acquisition and Leaseback of Seven CBD Buildings to the Queensland Government
Herbert Smith Freehills has advised QIC on the acquisition for $614.5 million of seven CBD buildings by QIC Funds from the Queensland Government and the leaseback of those buildings to the Queensland Government. The deal involved the creation of new investment funds to acquire the buildings, the negotiating and drafting of the acquisition agreements and lease terms with the State and associated debt funding arrangements.
Tags: Herbert Smith Freehills LLPGoodwin Procter Expands Technology Companies Group with Addition of David W. Van Horne, Jr. in San Francisco Office
Goodwin Procter, a national Am Law 50 firm, announced today that David W. Van Horne, Jr. has joined the firm’s Business Law Department in its San Francisco office as a member of Goodwin’s Technology Companies Group. He will focus on representing emerging growth companies throughout their life cycle as well as advising venture capital funds and structuring investments from seed through growth stage. Van Horne joins Goodwin from Gunderson Dettmer, where he was a partner in its Silicon Valley office.
Tags: Goodwin Procter LLP | San FranciscoPaul Hastings Represents JPMorgan in $300 Million Credit Facility for Excel Paralubes
Paul Hastings LLP, a leading global law firm, announced today that the firm represented J.P. Morgan Securities LLC and RBS Securities Inc., as joint lead arrangers, and JPMorgan Chase Bank, N.A., as the administrative agent, in connection with a $300,000,000 senior revolving credit facility for Excel Paralubes Funding Corporation and Excel Paralubes.
Tags: Paul Hastings, LLP | Houston