Paul Hastings, a leading global law firm, announced today that the firm represented Delphi Corporation, a leading auto parts manufacturer, as borrower, in a $2.075 billion refinancing of its senior credit facilities, consisting of a $630 million global revolving credit facility, an $870 million U.S. revolving credit facility and a $575 million term loan facility.
Tags: Paul Hastings, LLP | New York
Sidley is pleased to announce that it advised GlaxoSmithKline (GSK) on its collaboration with Avalon Ventures to fund and launch up to ten early-stage life sciences companies in San Diego.
Tags: Sidley Austin LLP | Los Angeles
On April 22, 2013, IBM announced it has acquired UrbanCode Inc. Cravath represented IBM in connection with this transaction. Based in Cleveland, Ohio, UrbanCode automates the delivery of software, helping businesses quickly release and update mobile, social, big data, cloud applications.
Tags: Cravath, Swaine & Moore LLP | New York
Global law firm Reed Smith has announced the appointment of Claude Brown to its partnership. Claude will join the firm’s structured finance team from Clifford Chance, where he is Head of Structured Solutions.
Tags: Reed Smith LLPHeenan Blaikie acted as Canadian competition counsel to ARRIS Group, Inc. in its US$2.35 billion acquisition of the Motorola Home Business from Google Inc.
Porzio, Bromberg & Newman is pleased to announce that Deirdre R. Wheatley-Liss has joined the firm as a principal. Ms. Wheatley-Liss brings to Porzio a new elder law practice area that complements the firm’s current trust and estates and tax compliance practices. At Porzio, she will continue representing families and closely held businesses in tax, estate, business, asset protection and elder law issues.
Tags: Porzio Bromberg & Newman
Jackson Walker L.L.P. has significantly expanded its Bankruptcy practice with the addition of partners Michael S. Held from Hunton & Williams L.L.P. and Monica S. Blacker from Andrews Kurth LLP. Mr. Held and Ms. Blacker bring significant experience and expertise to the firm, adding strength to a practice group distinguished by its sophisticated, solution–oriented approach to serving clients in all types of bankruptcy and workout matters.
Tags: Jackson Walker, LLP | Dallas
A multi-disciplinary and global team of Dechert lawyers is representing Buckeye Technologies in its sale to Georgia Pacific LLC. The two companies announced today that they have reached a definitive agreement for Georgia-Pacific to acquire all of the outstanding shares of Buckeye Technologies’ common stock for $37.50 per share in cash. The transaction, subject to completion, is valued at approximately $1.5 billion, including debt. Under the terms of the agreement, which has been unanimously approved by both companies’ boards of directors, stockholders of Buckeye Technologies will receive $37.50 in cash per share, representing a premium of approximately 29 percent based on the average closing price of Buckeye Technologies’ common stock over the last week.
Tags: Dechert LLP