Simpson Thacher represented J.P. Morgan Securities LLC, as lead arranger, and JPMorgan Chase Bank, N.A., as administrative agent, in connection with the refinancing of Realogy Group LLC’s senior secured credit facilities. Realogy Group LLC’s amended and restated credit facilities are comprised of $1.920 billion aggregate principal amount of term loans and a $475 million revolving credit facility.
Tags: Simpson Thacher & Bartlett LLP | New York
Hogan Lovells has advised leading reinsurer SCOR on the value in force (VIF) reinsurance of the individual life insurance business portfolio of BBVA Seguros, the life insurance subsidiary of Spanish bank BBVA. It is the largest deal of its kind to have been put in place in Spain.
Tags: Hogan Lovells
Cooley LLP announced today that Michael R. Faber has joined the firm as a partner in its tax practice. Faber, who will be based in Cooley’s New York office, joins Cooley from Wilson Sonsini Goodrich & Rosati, where he focused his practice on mergers and acquisitions, as well as general corporate and partnership tax matters.
Tags: Cooley LLP | New York
On March 1, 2013, Kinder Morgan Energy Partners, L.P. (“KMP”) closed the acquisition of 50% of the outstanding equity interests in El Paso Midstream Investment Company, L.L.C. (“EPMIC”), and 50% of the outstanding equity interests in El Paso Natural Gas Company, L.L.C. (“EPNG”) from Kinder Morgan, Inc. (“KMI”).
Tags: Baker Botts L.L.P. | Houston
A cross-border team of lawyers at international law firm Dechert LLP advised OCI Solar Power, an emerging leader in the solar sector and an indirect subsidiary of Korean chemicals company OCI Company Ltd., on the financing of the first phase of its 400MW solar power plant development project in the City of San Antonio. Debt financing for the first phase, comprised of a 41MW solar power plant on more than 700 acres in the southern part of San Antonio, was arranged by Korean Finance Corporation and the Korea Development Bank acting as joint financial arrangers.
Tags: Dechert LLP | Hong Kong
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 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
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 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