Simpson Thacher Represents J.P. Morgan and BTMU in $1.2 Billion Bridge Financing to Total System Services in Connection with Total System Services’ Acquisition of NetSpend

Simpson Thacher is representing J.P. Morgan Securities LLC, as bookrunner and a lead arranger and The Bank of Tokyo-Mitsubishi UFJ, Ltd. as a lead arranger in connection with $1.2 billion in bridge financing to Total System Services, Inc. in connection with its acquisition of NetSpend Holdings, Inc. in an all cash transaction valued at approximately $1.4 billion. The proceeds of the bridge facility may be used, in part, to finance the acquisition, to repay certain indebtedness of NetSpend and to pay fees and expenses related thereto.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Simpson Thacher Represents the International Managers in Japanese IPO of Nippon Prologis REIT

The Firm recently represented the international joint lead managers in connection with the initial public offering of Nippon Prologis REIT, Inc. on the Tokyo Stock Exchange, which included an international offering to institutional investors pursuant to Rule 144A and Regulation S. The offering raised approximately ¥97 billion (US$1.05 billion) for the issuer which was used together with bank financing to acquire an initial portfolio of logistics facilities from the sponsor, Prologis Group. Morgan Stanley, SMBC Nikko Capital Markets, Goldman Sachs and JP Morgan acted as international joint lead managers for the offering.

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Tags:  Simpson Thacher & Bartlett LLP | Tokyo

Gibson Dunn Awarded Singapore License

Gibson, Dunn & Crutcher LLP is pleased to announce it has been awarded a Qualifying Foreign Law Practice (QFLP) license by the Singapore Ministry of Law (MinLaw) to practice in permitted areas of Singapore law which include corporate work (M&A, private equity), project finance, banking & finance, capital markets, energy, international arbitration, intellectual property, fund formation and restructuring.

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Tags:  Gibson, Dunn & Crutcher LLP | Singapore

King & Wood Mallesons Advises on Sale of Bluewaters Power Station

King & Wood Mallesons has advised an international syndicate of 15 international lenders in connection with the successful sale of Griffin Power and Griffin Power 2, owners and operators of the Bluewaters power stations in Western Australia to Sumitomo Corporation and The Kansai Electric Power Company Inc. King & Wood Mallesons worked with Ferrier Hodgson to assist the syndicate.

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