CMS Advises Syndicate of Banks on USD 250 Million Loan

Law firm CMS has advised UniCredit, Raiffeisen and Sberbank as lenders of a 5-year USD 250 million loan to GeoProMining (“GPM”), a diversified metals resource company operating gold and copper mines in Russia and Armenia.

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Shearman & Sterling Advises on IPO and First-Ever Mexican REIT Corporate Credit Facility

Shearman & Sterling represented Citigroup Global Markets Inc., Goldman, Sachs & Co. and HSBC Securities (USA) Inc., as the initial purchasers, in connection with the Rule 144A/Regulation S initial public offering of Terrafina, a Mexican real estate investment trust, known by its Spanish acronym as a FIBRA. PREI, the real estate investment management and advisory business of Prudential Financial, Inc., and Terrafina’s internal management team will manage the FIBRA, which holds the third largest industrial portfolio in Mexico. The IPO raised gross proceeds of US$665 million and Terrafina’s real estate investment certificates (CBFI’s in Spanish) are listed on the Mexican Stock Exchange.

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Tags:  Shearman & Sterling LLP | New York

Davis Polk Advises Shire on Its Acquisition of SARcode Bioscience

Davis Polk is advising Shire plc in connection with its acquisition of SARcode Bioscience, Inc. Under the terms of the agreement, Shire will make an upfront payment of $160 million and SARcode shareholders will be eligible to receive additional undisclosed payments upon achievement of certain milestones. The transaction, which is subject to regulatory approval in the United States and other customary closing conditions, is expected to close in the second quarter.

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Tags:  Davis Polk & Wardwell LLP | New York

Polsinelli Shughart Expands Corporate and Litigation Strengths

Polsinelli Shughart welcomes corporate law attorney Quentin L. Jennings as a shareholder and litigation attorney Kirra N. Jones as an associate to the national law firm’s Kansas City office. Prior to joining Polsinelli Shughart, Jennings and Jones were partners in their own firm, Jones Jennings, P.C.

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