Cahill represented Barclays, J.P. Morgan, Morgan Stanley, and RBC Capital Markets as joint book-running managers and the co-managers in connection with the public offering of $1,250,000,000 comprised of $750,000,000 aggregate principal amount of 3.875% Senior Notes due 2018 and $500,000,000 aggregate principal amount of 4.625% Senior Notes due 2021 by International Lease Finance Corporation.
Tags: Cahill Gordon & Reindel LLP | New York
A multi-disciplinary team of Dechert attorneys recently finalized a long-standing matter allowing a sovereign wealth fund to purchase numerous hotel assets out of the high profile bankruptcy of CNL/MSR Resorts. The firm has represented this client since 2006 when it made its initial loan to CNL/MSR, which was indirectly secured by five high-end luxury resorts (including the iconic Arizona Biltmore and the Grand Wailea in Hawaii). CNL/MSR Resorts filed for Chapter 11 on February 1, 2011 and the firm worked with this client to make an offer to buy the assets owned by the Debtors within a week after the filing. That initial offer was rebuffed and so began a two-year process to gain control of the resorts.
Tags: Dechert LLP | New York
Akin Gump Strauss Hauer & Feld LLP advised OneRoof Energy, Inc. in the acquisition of $100 million in new financing.
Tags: Akin Gump Strauss Hauer & Feld LLP | New York
Leading international law firm Clifford Chance announced today that Alastair C. MacAulay will join its Hong Kong office as a partner to lead on maritime and offshore finance matters.
Tags: Clifford Chance LLP | Hong KongInternational law firm, Clifford Chance announced today that Dorian Drew is to join the firm’s leading global regulatory enforcement and white collar crime group as a partner in the London office, starting in summer 2013.
Tags: Clifford Chance LLP
Paul, Weiss client Swiss Reinsurance Company Ltd completed an offering of $750 million of subordinated contingent write-off loan notes with a scheduled maturity in 2024. The loan notes can be permanently written down to zero, and investors lose their principal if the solvency ratio of Swiss Reinsurance Company Ltd falls below a predetermined threshold. The loan notes were issued through a so-called “repackaging vehicle.” The offering was Regulation S only.
Tags: Paul, Weiss, Rifkind, Wharton & Garrison LLP | New YorkAndrews Kurth represented the Inter-American Development Bank (IDB) in the issuance of a guarantee in favor of a consortium of lenders that included the Bank of Nova Scotia, the Bank of Tokyo-Mitsubishi UFJ, Ltd. and the Banco Nacional de Panama (the state-owned bank of the Republic of Panama).
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Herbert Smith Freehills has advised Leighton Properties on its sale of 567 Collins Street in Melbourne to the ASX-listed Investa Office Fund (IOF) and Investa Commercial Property Fund (ICPF) for approximately A$462 million.
Tags: Herbert Smith Freehills Kramer LLPHerbert Smith Freehills has advised Growthpoint Properties Australia on the disposal and settlement of its office and warehouse facility located at 134 Lillkar Road, Goulburn, New South Wales to a private investor for A$72.25 million.
Tags: Herbert Smith Freehills Kramer LLPHerbert Smith Freehills has advised Blue Star Group Australia, jointly owned by Wolseley Private Equity and Caxton, on its acquisition of print assets from the GEON Group.
Tags: Herbert Smith Freehills Kramer LLP