Davis Polk Advises PLDT on Its Sale of Business Process Outsourcing Businesses to CVC Capital Partners

Davis Polk is advising Philippine Long Distance Telephone Company (PLDT) in connection with the sale of the business process outsourcing businesses owned by its subsidiary SPi Global Holdings, Inc. (SPi) to an acquisition vehicle controlled by CVC Capital Partners. PLDT will reinvest a portion of the sale proceeds to acquire an approximate 20% interest in the divested businesses. The transaction is expected to close in the first quarter of 2013, subject to customary closing conditions.

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Tags:  Davis Polk & Wardwell | Hong Kong

Hogan Lovells Advises Kompania Węglowa S.A. on €317 Million Bond Issue

Hogan Lovells Warsaw banking and infrastructure team has advised the largest coal mining company in Europe, Kompania Węglowa S.A., on the private placement of secured bonds with a value of €317 million. These secured bonds will be used to finance current short-term bank debt, as well as financing the working capital of the company.

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Tags:  Hogan Lovells

Jackson Walker Represents Nationstar Mortgage Holdings Inc. in its Acquisition of Equifax Settlement Services

Jackson Walker successfully represented Nationstar Mortgage Holdings Inc. (“Nationstar”), a Lewisville, Texas-based leading residential mortgage services company, in the acquisition of Equifax Settlement Services Holding, LLC, a leading provider of appraisal, title insurance and settlement services, from Equifax Inc. The transaction closed on February 6, 2013.

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Tags:  Jackson Walker, LLP | Dallas

Simpson Thacher Represents Merrill Lynch and Other Underwriters in Denbury Resources Inc.’s $1.2 Billion Senior Subordinated Notes Offering, Related Tender Offer and Consent Solicitation

The Firm represented the underwriters, led by Merrill Lynch, Pierce, Fenner & Smith Incorporated, in connection with the registered public offering by Denbury Resources Inc. (“Denbury”) of $1.2 billion aggregate principal amount of its 4 5/8% Senior Subordinated Notes due 2023. The net proceeds were used to fund a cash tender offer for all of Denbury’s outstanding 9½% Senior Subordinated Notes due 2016 and 9¾% Senior Subordinated Notes due 2016, to repay borrowings under Denbury’s bank credit facility and for general corporate purposes.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Simpson Thacher Represents Initial Purchasers in Offering of US$500 Million Senior Notes by JBS S.A.

The Firm recently represented BB Securities Limited, Banco Bradesco BBI S.A., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and Santander Investment Securities Inc., as initial purchasers, in a sale of US$500 million of 6.25% Senior Notes due 2023 issued by ESAL GmbH and unconditionally guaranteed by its parent company JBS S.A., a Brazilian corporation, and JBS Hungary Holdings Kft., a wholly owned subsidiary of JBS S.A. The offering was conducted in reliance upon Rule 144A and Regulation S.

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Tags:  Simpson Thacher & Bartlett LLP | Sao Paulo