Davis Polk advised Orbitz Worldwide, Inc. (Orbitz) in connection with its new $515 million senior secured credit agreement consisting of four and one-half year tranche B term loans in an initial aggregate principal amount of $150 million, six year tranche C term loans in an initial aggregate principal amount of $300 million and a four and one-half year revolving credit facility in an initial aggregate principal amount of $65 million. Proceeds from the term loans were used to repay in full the outstanding indebtedness under Orbitz’s existing credit facility. Loans and letters of credit will be available under the revolving facility for working capital and general corporate purposes.

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Cravath represented the underwriters, led by Morgan Stanley, BofA Merrill Lynch and Goldman, Sachs & Co., in connection with the US$264 million initial public offering of common stock of Aviv REIT, Inc., a self‑administered real estate investment trust specializing in the ownership and triple‑net leasing of post‑acute and long‑term care skilled nursing facilities. The shares were listed on the New York Stock Exchange. The transaction closed on March 26, 2013.

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Bracewell & Giuliani LLP is representing Centrica, a British gas owner, in an agreement with U.S.-based energy company Cheniere Energy Partners to buy 1.75 million tonnes of liquefied natural gas (LNG) per year. The 20-year agreement with Cheniere Energy Partners would allow Centrica to export enough LNG from the U.S. to supply 1.8 million British homes each year.

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