Davis Polk advised The AES Corporation in an SEC-registered offering of $500 million aggregate principal amount of 4.875% senior notes due 2023, and on its concurrent tender offers for any and all of its outstanding 7.75% senior notes due 2014, and up to a total of $300 million aggregate principal amount of its outstanding 7.75% senior notes due 2015, 9.75% senior notes due 2016 and 8.00% senior notes due 2017. Morgan Stanley & Co. LLC, Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc. and RBS Securities Inc. were joint book-running managers for the offering of the senior notes. Morgan Stanley & Co. LLC is serving as dealer manager for the tender offers.

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Paul Hastings LLP, a leading global law firm, announced today that the firm represented SunTrust Bank and SunTrust Robinson Humphrey, Inc. as the sole lead arranger in connection with the underwriting of debt financing commitments relating to Avista Capital Partners’ $253 million proposed acquisition of Telular Corporation (Nasdaq:WRLS). The proposed acquisition by Avista Capital Partners is currently expected to close within 50 to 75 days.

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Paul Hastings, a leading global law firm, announced today that the firm represented the lead arrangers UBS AG, Stamford Branch and Merrill Lynch, Pierce, Fenner & Smith Incorporated in connection with the financing of the first lien credit facility of U.S. Shipping Corp., a leading provider of long-haul marine transportation services. The financing consisted of a $220 million first lien term facility and $50 million second lien term facility.

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