Cahill represented BofA Merrill Lynch and Wells Fargo Securities, as lead book-running managers, and the co-managers in connection with the Rule 144A offering of $600,000,000 aggregate principal amount of 5.25% Senior Notes due 2023 by PolyOne Corporation, a premier provider of specialized polymer materials and services. Proceeds from the offering will be used in connection with PolyOne’s acquisition of Spartech Corporation.
Tags: Cahill Gordon & Reindel LLP | New York
International law firm McDermott Will & Emery LLP represented Barnes Group Inc. (NYSE:B), an international aerospace and industrial manufacturing and service provider, in connection with a definitive agreement providing for the sale of the Barnes Distribution North America business (“BDNA”) to MSC Industrial Direct Co., Inc. (“MSC”) for $550 million, subject to certain adjustments.
Tags: McDermott Will & Emery LLP
Porzio, Bromberg & Newman P.C. is pleased to announce that Steven R. Wagner, John R. Wagner, Bonnie Reid Berkow and Karen E. Schwimmer have joined the firm. Steve Wagner joins Porzio as a Principal, John Wagner and Bonnie Reid Berkow as Of Counsel, and Karen Schwimmer as an Associate. All will be based in Porzio’s New York City office and are former members of Wagner Davis P.C., which was founded by Steven Wagner in 1984.
Tags: Porzio Bromberg & Newman | New York
Shearman & Sterling represented BNP Paribas Securities Corp., Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and The Bank of Tokyo-Mitsubishi UFJ, Ltd. as joint lead arrangers and joint book managers in connection with a $11.5 billion financing for Toyota Motor Credit Corporation and some of its affiliates, consisting of a $3.83 billion 364-day credit facility, a $3.83 billion five-year credit facility and a $3.83 billion three-year credit facility.
Tags: Shearman & Sterling LLP
Paul Hastings, a leading global law firm, announced on February 28, 2013 that it advised AEON Co., Ltd., the holding company of AEON Group, a leading retail company in Japan, on its buyout of Warner Bros. Entertainment Inc.’s 50% equity interest in Warner Mycal Corporation (“Warner Mycal”).
Tags: Paul Hastings, LLP | TokyoPaul Hastings LLP, a leading global law firm, represented Tenedora Nemak, S.A. de C.V., one of the world’s largest manufacturers of powertrain components for the automotive industry, in connection with its inaugural international issuance of high yield debt securities. The offering involved the issuance of $500 million of 5.500% Senior Notes due 2023 pursuant to Rule 144A and Regulation S. Based on credit rating and terms, we understand from the investment bankers that this is one of the most favorably priced debt securities offerings to date in Latin America.
Tags: Paul Hastings, LLP | New York
King & Spalding represented the management of hotel and conference centre operator Principal Hayley Group in relation to the sale of the company to an investment fund affiliated with Starwood Capital Group.
Tags: King & Spalding LLP
Today Bird & Bird in The Hague welcomes partner Brian Mulier who is rejoining the International Tax and International Trade & Customs Practice Groups. He also brings with him customs and trade associate Goran Danilović.
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Watson, Farley & Williams Asia Practice LLP (“WFW”) is pleased to announce that it acted as legal advisor to DVB Group Merchant Bank (Asia) Ltd and Dekabank Deutsche Girozentrale on a loan facility led by DVB’s chemical, LPG and product tanker group to refinance 16 LPG carriers. The financing was implemented following a merger by Epic Shipping and Pantheon Inc for which DVB Corporate Finance separately served as exclusive financial advisor. Both the merger transaction and associated financing involved multiple jurisdictions including Panama, Malta, the Marshall Islands, Singapore, the British Virgin Islands and England and Wales.
Tags: Watson Farley & Williams LLP | Singapore
Herbert Smith Freehills has advised Strides Arcolab Limited (SAL), an Indian pharmaceutical company listed on the Bombay Stock Exchange and the National Stock Exchange of India on the US$1.6 billion (cash) disposal, by way of auction, of Agila Specialities its generic specialty injectable business to Mylan Inc., a US generic pharmaceutical company listed on NASDAQ.
Tags: Herbert Smith Freehills Kramer LLP