McGuireWoods Strengthens Securities Practice in New York with Partner Hire

McGuireWoods LLP today announced that Stephen Older has joined the firm as a partner in its corporate and securities group in New York. As part of his practice, Older routinely represents both issuers and underwriters in a broad variety of securities transactions and has experience in a number of different industries, including healthcare, consumer and financial services and REITs, and has broad mergers and acquisitions and private equity experience.

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Shearman & Sterling Advises Underwriters in $1.5 Billion Debt Offering by Avon

Shearman & Sterling represented Citigroup Global Markets Inc., Goldman, Sachs & Co. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as representatives of the several underwriters, in a four-tranche debt offering by Avon Products, Inc. (“Avon”) of $250 million of 2.375% Notes due 2016, $500 million of 4.600% Notes due 2020, $500 million of 5.000% Notes due 2023 and $250 million of 6.950% Notes due 2043. Avon is a global manufacturer and marketer of beauty and related products, having sales operations in 65 countries and territories and distributing products in 43 more. This transaction is the sixth securities offering that Shearman & Sterling has completed in connection with Avon that have raised over $3.7 billion for the company.

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Novak Druce Welcomes Pamela K. Fulmer to the Firm

Continuing with its planned strategic growth, Novak Druce Connolly Bove + Quigg LLP, the IP super boutique, announced that Pamela K. Fulmer joined the firm as a partner on March 18th. She will practice out of the firm’s San Francisco and Silicon Valley offices where she will concentrate on intellectual property litigation as well as disputes related to trade secrets, unfair competition, licensing and other complex issues.

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Davis Polk – BankUnited, Inc. $558 Million Secondary Offering

Davis Polk advised Morgan Stanley & Co. LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated as representatives of the underwriters on the SEC-registered secondary offering of 22,540,000 shares of common stock of BankUnited, Inc. sold by investment funds affiliated with The Blackstone Group, The Carlyle Group, Centerbridge Partners, L.P., WL Ross & Co. LLC and certain officers and directors of BankUnited, Inc. The shares of common stock sold in the offering include shares sold pursuant to the underwriters’ fully exercised option to purchase additional shares. The net proceeds of the offering were approximately $558 million. BankUnited’s common stock is traded on the New York Stock Exchange under the symbol “BKU.”

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Davis Polk – Discovery Communications, LLC $1.2 Billion Senior Notes Offering

Davis Polk advised J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Credit Suisse Securities (USA) LLC as joint book-running managers and representatives of the several underwriters in connection with an SEC-registered offering of $350 million 3.250% senior notes due 2023 and $850 million 4.875% senior notes due 2043 by Discovery Communications, LLC. The senior notes are guaranteed by the issuer’s indirect parent company, Discovery Communications, Inc.

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Davis Polk – Goldcorp Inc. $1.5 Billion Senior Notes Offering

Davis Polk advised HSBC Securities (USA) Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated as joint book-running managers in connection with a $1.5 billion SEC-registered debt offering by Goldcorp Inc., consisting of $500 million aggregate principal amount of 2.125% notes due 2018 and $1 billion aggregate principal amount of 3.700% notes due 2023.

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Tags:  Davis Polk & Wardwell LLP | New York