Simpson Thacher Represents Issuer in $177 Million Initial Public Offering by Western Asset Middle Market Debt Fund Inc.

Simpson Thacher represented Western Asset Middle Market Debt Fund Inc. (the “Fund”) in connection with its $177 million initial public offering of common stock. The Fund’s common stock will not be listed for trading on any securities exchange. Beginning in 2014, the Fund intends, but is not obligated, to conduct annual tender offers for up to 10% of its common stock then outstanding in the sole discretion of its board of directors. It is anticipated that the Fund will terminate on or before December 31, 2020.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Veteran Attorney Jonathan C. Wilson Joins Littler Dallas As Shareholder

Littler Mendelson, P.C. (Littler), the nation’s largest employment and labor law firm representing management, has added former Haynes and Boone partner and section chair, Jonathan C. Wilson as a shareholder in its Dallas, TX office. A seasoned labor lawyer, Wilson brings with him expertise in defending employers in wage and hour cases, discrimination and whistle-blower lawsuits, executive contract disputes and fiduciary and unfair competition claims.

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Tags:  Littler Mendelson, P.C. | Dallas

Paul Hastings Represents Lead Arrangers in Consolidated Precision Products Corp.’s Acquisition of the Turbine Technologies Group of Esco Corporation

Paul Hastings LLP, a leading global law firm, announced today that the firm represented UBS AG, Stamford Branch, as administrative agent and UBS Securities LLC and General Electric Capital Corporation as joint lead arrangers for the senior secured financing of Consolidated Precision Products Corp.’s acquisition of the Turbine Technologies Group of ESCO Corporation from ESCO Corporation and ESCO Turbine Components Europe, sprl. The senior secured financing consists of a $515,000,000 first lien senior secured term loan and revolving credit facility and $185,000,000 second lien senior secured term loan facility. Consolidated Precision Products Corp. is a leading manufacturer of highly-engineered castings serving the commercial aerospace, military and industrial markets and is owned by private equity firm Warburg Pincus.

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Tags:  Paul Hastings LLP | New York