Akin Gump Strauss Hauer & Feld LLP advised FirstEnergy Corp. with respect to the cash tender offers for two series of notes of its subsidiary, FirstEnergy Solutions Corp., and two series of notes of its subsidiary, Allegheny Energy Supply Company, LLC. The tender offers for three of the aforementioned series settled on March 14, and the tender offer for the fourth series settled today.
Tags: Akin Gump Strauss Hauer & Feld LLP | New York
Davis Polk is advising Tele2 AB on the sale of its Russian operations to VTB Group in a cash transaction comprising $2.4 billion in equity value and $1.15 billion in net debt.
Tags: Davis Polk & Wardwell LLP | New YorkDavis Polk advised Cosan Luxembourg S.A. and Cosan S.A. Indústria e Comércio, as guarantor, in connection with the reopening of Cosan Luxembourg’s R$350 million 9.5% notes due 2018, which constitute a further issuance of the R$500 million 9.5% notes due 2018, which were issued on March 14, 2013 pursuant to Rule 144A and Regulation S under the Securities Act.
Tags: Davis Polk & Wardwell LLP | Sao PauloDavis Polk advised underwriters represented by Morgan Stanley & Co. LLC, Merrill Lynch, Pierce, Fenner and Smith Incorporated and Wells Fargo Securities, LLC in connection with an offering by The Hanover Insurance Group, Inc. of $175 million principal amount of its 6.35% subordinated debentures due 2053.
Tags: Davis Polk & Wardwell LLP | New YorkDavis Polk advised Comcast Corporation and NBCUniversal Media, LLC in connection with the cross-guarantee by Comcast and certain of its cable holding companies of NBCUniversal’s $11 billion of public debt securities and by NBCUniversal of Comcast’s and the cable guarantors’ $30 billion of public debt securities and Comcast’s $6.25 billion credit facility. Following Comcast’s announcement that it would acquire General Electric Company’s 49% stake in NBCUniversal and that it would include NBCUniversal in the cross-guarantee structure, Standard & Poor’s upgraded all of Comcast’s and NBCUniversal’s public debt securities from BBB+ to A- and Moody’s Investors Service upgraded Comcast’s public debt securities from Baa1 to A3 and NBCUniversal’s public debt securities from Baa2 to A3.
Tags: Davis Polk & Wardwell LLP | Silicon Valley
On March 27, it was announced that Aquiline Capital Partners LLC and Genstar Capital LLC have agreed to acquire Genworth Financial Inc.’s Wealth Management business for $412.5 million. The acquisition includes both of Genworth’s Wealth Management’s businesses: Genworth Financial Wealth Management, an investment management and consulting platform, and Altegris, a provider of premier alternative investments.
Tags: Willkie Farr & Gallagher LLP | New York
Ogier in Guernsey with Debevoise & Plimpton LLP in London and New York and have advised HarbourVest Partners, LLC (HarbourVest) in connection with the acquisition by HarbourVest Structured Solutions II L.P., a newly formed Guernsey limited partnership managed by HarbourVest, from Conversus Capital, L.P. (a Guernsey investment fund listed on NYSE Euronext in Amsterdam) of Conversus’ portfolio of private equity fund interests and direct co-investments. HarbourVest Structured Solutions II L.P. acquired the portfolio for approximately US$1.2 billion, after adjustments for certain capital calls and distributions.
Tags: Ogier
The law firm of Thompson & Knight LLP is pleased to announce the addition of banking and mergers and acquisitions lawyer Annette L. Tripp as a Partner in the Finance Practice Group of the Firm’s Houston office.
Tags: Thompson & Knight LLP | Houston
Lanny A. Breuer, most recently the Assistant Attorney General for the Criminal Division at the U.S. Department of Justice, is returning to Covington & Burling as Vice Chair of the firm.
Tags: Covington & Burling LLP
Paul Hastings, a leading global law firm, announced today that the firm represented KeyBank National Association as administrative agent and as a joint lead arranger and joint bookrunner in connection with a $300 million senior secured amended and restated credit agreement with an available accordion of $200 million for Rex Energy Corporation, a publicly-traded company that specializes in the acquisition, development and exploration of conventional and unconventional oil and natural gas liquids.
Tags: Paul Hastings, LLP | Houston