Davis Polk advised Western Refining, Inc. (Western Refining) in connection with its offering of 6.25% senior notes due 2021 in the aggregate amount of $350 million and a concurrent cash tender offer by Western Refining for any and all of its 11.25% senior notes due 2017. The notes were sold pursuant to Rule 144A and Regulation S under the Securities Act of 1933. The tender offer consideration was funded from the net proceeds of the offering.
Tags: Davis Polk & Wardwell LLP | New YorkDavis Polk advised Goldman, Sachs & Co. in connection with a variable maturity, capped accelerated share repurchase transaction it entered into with The McGraw-Hill Companies, Inc. under which McGraw-Hill is repurchasing $500 million of its common stock. Under the terms of the transaction, McGraw-Hill initially received approximately 7.2 million shares of its common stock, and the total number of shares to be repurchased will be determined over a period that is expected to last no longer than approximately four months.
Tags: Davis Polk & Wardwell LLP | New York
Duane Morris LLP announced today that it has opened its first office in the Middle East through a joint venture with the Al Mashaikhi Law Firm, a multi-practice law firm in Muscat, Oman. The newly established joint venture, to be known as the Dr. Said Al Mashaikhi and Partner Law Firm—A GCC representative office of Duane Morris—significantly expands the capabilities and geographic reach of both firms. The Omani firm was founded by name partner Dr. Said Al Mashaikhi, and Duane Morris partner Jeffrey Rodwell, formerly based in Duane Morris’ London office, who has relocated to Muscat to serve as the managing director.
Tags: Duane Morris LLP
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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Herbert Smith Freehills has advised FleetCor Technologies, Inc., a global provider of fuel cards and workforce payment programs to businesses, on its acquisition of Custom Fleet’s Fleet card business from GE Capital Australia’s Custom Fleet leasing business. The transaction completed on Tuesday 26 March.
Tags: Herbert Smith Freehills LLPHerbert Smith Freehills is advising Cazenove Capital on its £424 million recommended takeover offer from Schroders, which was announced on Monday, 25 March 2013.
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Armstrong Teasdale announces the addition of Tamra Wilson Setser as a partner in its Kansas City office. Wilson Setser, a 30-year veteran of employment law, is a member of the firm’s Litigation practice group.
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Shearman & Sterling advised Nokia Siemens Networks Finance B.V. on its offering of €450 million 6¾% Senior Notes due 2018 and €350 million 7⅛ Senior Notes due 2020. The offering, which was conducted pursuant to Rule 144A and Regulation S under the US Securities Act, closed on March 27, 2013.
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Perkins Coie is pleased to announce that Kelly D. Hine and I. Bobby Majumder have joined the firm’s Dallas office as Partners. In addition, three associates have also joined the firm’s Dallas office.
Tags: Perkins Coie LLP | Dallas