Shearman & Sterling Advises on $1 Billion Financing for Avon

Shearman & Sterling advised Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, BNP Paribas, BBVA Compass, Goldman Sachs Bank USA, HSBC Bank USA, National Association, and Sovereign Bank, N.A. as joint lead arrangers and joint bookrunners in connection with a $1 billion four-year revolving credit facility for Avon Products, Inc. and Avon Capital Corporation.

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Tags:  Shearman & Sterling LLP | New York

Cahill Represents Underwriters in $1.25 Billion Public Offering for ILFC

Cahill represented Barclays, J.P. Morgan, Morgan Stanley, and RBC Capital Markets as joint book-running managers and the co-managers in connection with the public offering of $1,250,000,000 comprised of $750,000,000 aggregate principal amount of 3.875% Senior Notes due 2018 and $500,000,000 aggregate principal amount of 4.625% Senior Notes due 2021 by International Lease Finance Corporation.

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Tags:  Cahill Gordon & Reindel LLP | New York

Dechert Advises Sovereign Wealth Fund in Purchase of Hotel Assets from CNL/MSR Resorts

A multi-disciplinary team of Dechert attorneys recently finalized a long-standing matter allowing a sovereign wealth fund to purchase numerous hotel assets out of the high profile bankruptcy of CNL/MSR Resorts. The firm has represented this client since 2006 when it made its initial loan to CNL/MSR, which was indirectly secured by five high-end luxury resorts (including the iconic Arizona Biltmore and the Grand Wailea in Hawaii). CNL/MSR Resorts filed for Chapter 11 on February 1, 2011 and the firm worked with this client to make an offer to buy the assets owned by the Debtors within a week after the filing. That initial offer was rebuffed and so began a two-year process to gain control of the resorts.

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Tags:  Dechert LLP | New York