Experienced Oil and Gas Lawyer Joins Stoel Rives’ Alaska Office

Stoel Rives LLP, a leading U.S. business law firm, is pleased to announce that Tina Grovier has joined its Anchorage office as a partner in the firm’s Environment, Land Use and Natural Resources group. Grovier is recognized as a leading oil, gas and mining lawyer. During her 15-year career she has helped secure federal and state permits for the first non-conditional state right-of-way for a North Slope natural gas pipeline, Alaska’s first heap leach facility, Alaska’s first third-party natural gas storage facility and Anchorage’s first commercial-grade wind farm. Grovier regularly represents pipeline and telecommunication carriers and other public utilities before the Regulatory Commission of Alaska and state courts. In addition, she has broad appellate, litigation, arbitration and commercial transaction experience.

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Tags:  Stoel Rives LLP

Cravath – PNC’s Preferred Stock Offering

Cravath represented the underwriters, led by J.P. Morgan Securities, Citigroup and PNC Capital Markets LLC, in connection with the US$500 million offering of depositary shares representing preferred stock of The PNC Financial Services Group, Inc., one of the largest diversified services companies in the United States. The transaction closed on May 7, 2013.

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Tags:  Cravath, Swaine & Moore LLP | New York

Simpson Thacher Represents Blackstone in Secondary Offering of General Growth Properties Common Stock

The Firm represents funds affiliated with The Blackstone Group in connection with an underwritten public offering of 23.4 million shares of common stock of General Growth Properties, Inc. The Blackstone affiliates received proceeds of approximately $536 million from the offering. The shares represent the remaining portion of the equity Blackstone acquired as part of the restructuring of General Growth and its emergence from bankruptcy in 2010. The Firm represented Blackstone in the restructuring.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Simpson Thacher Represents First Reserve in Secondary Offering by Cobalt International Energy, Inc.

The Firm recently represented funds affiliated with First Reserve Management, L.P. (“First Reserve”), in connection with a registered public offering of common stock of Cobalt International Energy, Inc. (“Cobalt”). A total of approximately $1.3 billion in net proceeds was raised in the offering. Affiliates of First Reserve received approximately $421.5 million of the gross proceeds from the offering.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Carey R. Troell Joins Bracewell & Giuliani as a Public Finance Partner

Bracewell & Giuliani LLP announced that Carey R. Troell has joined the firm’s San Antonio office as a partner in the public finance practice. Troell focuses on tax-exempt financings and has clients in all aspects of public finance transactions including state and local government finance matters, including traditional municipal finance, tax increment finance, and public improvement districts.

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Tags:  Bracewell LLP

Latham & Watkins Advises Dana Gas on Restructuring of Its US$1 Billion Sukuk

Dana Gas PJSC, the largest independent oil and gas company in the UAE, has successfully completed the restructuring of its US$1 billion Trust Certificates (sukuk al-mudarabah). The restructuring, the first of its kind in the Middle East, was implemented through the exchange of Dana Gas’ existing sukuk certificates with two tranches of new sukuk certificates (one convertible and one non-convertible tranche), each with a 5 year tenor.

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Tags:  Latham & Watkins LLP | Hong Kong