Simpson Thacher Represents ARAMARK in $1,000 Million Senior Notes Offering, $1,400 Million Term Loan Credit Agreement Amendment and Tender Offers

Wednesday, March 27, 2013

Simpson Thacher recently represented ARAMARK Corporation (“ARAMARK”) in connection with its 144A/Regulation S high yield offering of $1,000 million 5.75% Senior Notes due 2020 and the amendment to its existing credit agreement providing for, among other things, $1,400 million of new term loans and the extension of a portion of the commitments under its revolving credit facilities. Simpson Thacher also represented ARAMARK and ARAMARK Holdings Corporation, the indirect parent of ARAMARK, in connection with cash tender offers for their outstanding senior notes.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Simpson Thacher Represents KKR in the Sale of Intelligence Holdings

Wednesday, March 27, 2013

The Firm is representing Kohlberg Kravis Roberts & Co. L.P. (together with its affiliates, “KKR”) in the sale of Intelligence Holdings, Ltd. to Temp Holdings, Co. Ltd. Temp Holdings will acquire all outstanding equity of Intelligence from KKR and the management of Intelligence for an enterprise value of ¥68 billion ($716 million). The transaction is subject to customary closing conditions.

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Tags:  Simpson Thacher & Bartlett LLP | Tokyo

WFW Advises Seaspan Corporation on a US$350m Facility

Wednesday, March 27, 2013

Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised Seaspan Corporation on a facility agreement between ICBC (Industrial and Commercial Bank of China) of up to US$350,000,000. The secured loan will be used to refinance Seaspan’s existing debt obligations for seven vessels, and will be split into two loan agreements.

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Tags:  Watson, Farley & Williams LLP

Davis Polk Advises Comcast, NBCUniversal Media and NBCUniversal Enterprise on the Issuance and Sale of $4 Billion of Senior Notes and $725 Million of Preferred Stock of NBCUniversal Enterprise

Wednesday, March 27, 2013

Davis Polk advised Comcast Corporation, NBCUniversal Media, LLC and NBCUniversal Enterprise, Inc. in connection with the issuance and sale of $4 billion aggregate principal amount of senior notes and $725 million aggregate liquidation preference of Series A cumulative preferred stock of NBCUniversal Enterprise, Inc. The notes are guaranteed by Comcast and certain of its cable subsidiaries that guarantee Comcast’s publicly traded debt securities. The notes and the preferred stock were issued in connection with Comcast’s acquisition on March 19, 2013, of the 49% common equity interest in NBCUniversal, LLC held by General Electric Company (GE). Sales of the notes and preferred stock were made in separate private placements pursuant to Rule 144A.

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Tags:  Davis Polk & Wardwell LLP | Silicon Valley

Davis Polk – Medtronic $3 Billion Notes Offering

Wednesday, March 27, 2013

Davis Polk advised Barclays Capital Inc., Deutsche Bank Securities Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC as joint book-running managers on a $3 billion registered notes offering by Medtronic, Inc. The notes were issued in three tranches: $1 billion aggregate principal amount of 1.375% senior notes due 2018, $1.25 billion aggregate principal amount of 2.75% senior notes due 2023 and $750 million aggregate principal amount of 4.000% senior notes due 2043.

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Tags:  Davis Polk & Wardwell LLP | New York

Davis Polk Advises Westar Energy, Inc. on $250 Million First-Mortgage Bond Offering

Wednesday, March 27, 2013

Davis Polk advised Westar Energy, Inc. in connection with its SEC-registered offering of $250 million in aggregate principal amount of 4.10% first-mortgage bonds due 2043. The joint book-running managers were BNY Mellon Capital Markets, LLC, Deutsche Bank Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated.

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Tags:  Davis Polk & Wardwell LLP | Silicon Valley