SNR Denton is pleased to announce that Megan Delany has joined the firm’s Washington, DC, office as a principal in the firm’s Telecommunications and Technology Policy practice.
Tags: Dentons
Paul Hastings Representing Samsung Electronics in US$110 Million Investment in Sharp Corp.
Paul Hastings, a leading global law firm, announced today that it is representing Samsung Electronics, a world leader in advanced semiconductor solutions, on its 10.4 billion yen (approximately US$110 million) investment – or 3 percent equity interest – in Sharp Corporation, the Japanese manufacturer of electronics goods and components, including liquid crystal displays. The parties entered into a definitive agreement on March 6, 2013 and expect to close the transaction, which marks the first capital tie-up between the two major consumer electronics makers, after satisfying regulatory procedures.
Tags: Paul Hastings, LLP | TokyoPaul Hastings Represents Lead Arrangers in Pharmaceutical Research Associates, Inc. Financing
Paul Hastings LLP, a leading global law firm, announced today that the firm represented UBS Securities LLC, Wells Fargo Securities, LLC and General Electric Capital Corporation, as lead arrangers, and UBS AG, Stamford Branch, as administrative agent, in connection with the amendment of the existing amended and restated first lien credit agreement and the second lien credit agreement for Pharmaceutical Research Associates, Inc., to, among other things, permit the incurrence of first lien incremental term loans and second lien incremental term loans for the purposes of, among other things, the payment of a shareholder dividend and the acquisition of ClinStar, LLC.
Tags: Paul Hastings, LLP | New York
Laura McBride Joins Ulmer & Berne’s Litigation and Energy Practice Groups
Ulmer & Berne LLP is pleased to announce the addition of Laura C. McBride as a partner in the firm’s Litigation Department. Based in the firm’s Cleveland office, Ms. McBride will be the co-chair of the firm’s Energy, Natural Resources and Utilities Practice Group.
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Herbert Smith Freehills Advises Energy Development Corporation on the Largest Wind Farm in the Philippines
Herbert Smith Freehills has advised Energy Development Corporation (EDC), affiliate of First Gen Corp, on conditional contracts for the construction of the 87 MW Burgos Wind Farm in Ilocos Norte, Philippines – the largest wind farm in the Philippines that will generate electricity for more than a million households.
Tags: Herbert Smith Freehills LLP
Davis Polk Advises Digicel Limited on Notes Offering and Cash Tender Offer
Davis Polk advised Digicel Limited (Digicel) in connection with the offering by Digicel of an aggregate of $1 billion of Digicel’s 6% senior notes due 2021 and a concurrent cash tender offer by Digicel for any and all of its 12% senior notes due 2014. 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 Advises Equinix, Inc. on Its $1.5 Billion High-Yield Notes Offering
Davis Polk advised Equinix, Inc. on its SEC-registered offering of $500 million aggregate principal amount of its 4.875% senior notes due 2020 and $1 billion aggregate principal amount of its 5.375% senior notes due 2023. J.P. Morgan Securities LLC, Barclays Capital Inc., Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Deutsche Bank Securities Inc. acted as joint book-running managers for the offering.
Tags: Davis Polk & Wardwell LLP | Silicon ValleyDavis Polk – Education Management Corporation Senior Cash Pay/PIK Notes Exchange Offer
Davis Polk advised Goldman Sachs & Co., Barclays Capital Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated as dealer managers in connection with a Rule 144A/Regulation S exchange offer by Education Management LLC and Education Management Finance Corp. Upon settlement of the exchange offer, Education Management LLC and Education Management Finance Corp. issued approximately $200.8 million aggregate principal amount of senior cash pay/PIK notes due 2018 which, together with approximately $168.7 million in cash consideration, were exchanged for certain of their outstanding 8.75% senior notes due 2014. The notes issued in the exchange offer are guaranteed by Education Management Corporation, the parent company of the issuers, and all of Education Management Corporation’s existing direct and indirect domestic restricted subsidiaries, other than any subsidiary that directly owns or operates a school or has been formed for such purpose and has no material assets.
Tags: Davis Polk & Wardwell LLP | New YorkNelson Levine de Luca & Hamilton Continues to Grow Insurance Coverage Team with Addition of Michael Savett
National law firm Nelson Levine de Luca & Hamilton (Nelson Levine) announced today that Michael S. Savett has joined the firm as a partner in the Insurance Coverage Practice, resident in New Jersey.
Morrison Cohen Advises on $585 Million International Offering of Oil India Shares
Morrison Cohen has advised the Government of India in the recent international selldown of its majority stake in Oil India Limited, the Indian oil exploration and production group, from approximately 78% of the company to approximately 68%. The sale generated approximately $585 million in proceeds.
Tags: Morrison Cohen LLP | New York