Simpson Thacher Represents TPC Group Inc. in Senior Secured Notes Offering

Simpson Thacher represented TPC Group Inc. (“TPC”) in connection with its Rule 144A and Regulation S offering of $100 million aggregate principal amount of additional 8.75% Senior Secured Notes due 2020. The deal closed on January 22, 2013. TPC used the net proceeds from this offering for general corporate purposes, including for certain strategic capital projects.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Cravath – Saint-Gobain’s Sale of Its Verallia North America Business to the Ardagh Group

On January 17, 2013, Compagnie de Saint‑Gobain announced that it has agreed to sell its Verallia North America business to the Ardagh Group for an enterprise value of approximately US$1.7 billion. Verallia North America is the second largest glass container manufacturer in the United States. The transaction is subject to regulatory approval. Cravath acted as U.S. counsel to Saint‑Gobain in connection with this transaction.

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Tags:  Cravath, Swaine & Moore LLP | New York

White & Case Advised Recordati S.p.A. in Connection with €100 Million Facilities for the Acquisition of Certain Rights Concerning a Portfolio of Products From Lundbeck LLC

Global law firm White & Case has advised Recordati S.p.A., a European pharmaceutical group listed on the Italian Stock Exchange, in connection with €100 million term facilities provided by Intesa Sanpaolo S.p.A. and Deutsche Bank AG for the acquisition by its subsidiary, Recordati Rare Diseases Inc. of assets for the treatment of rare diseases and other diseases from Lundbeck LLC. The facilities were guaranteed by Italian parent company Recordati S.p.A. and granted to its subsidiary Recordati Rare Diseases Inc., as borrower.

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Tags:  White & Case LLP