Paul Hastings Represents Lead Arrangers in Saxon Refinancing

Paul Hastings LLP, a leading global law firm, announced today that the firm represented RBC Capital Markets, UBS Securities LLC, HSBC Securities (USA) Inc. and The Bank of Nova Scotia as joint lead arrangers in connection with new $550 million senior secured credit facilities consisting of a $440 term loan facility and a $110 million revolving loan facility, the proceeds of which were used, among other things, to refinance existing indebtedness of SES Intermediate Holdings Limited, Saxon Enterprises LLC and Saxon Energy Services Inc., an international oilfield services company.

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BAE Agrees GBP2.7bn Longevity Swap with Legal & General

A&O has advised BAE Systems plc, the corporate sponsor of the BAE Systems 2000 Pension Plan, on a transfer of longevity risk arising from the Pension Scheme to Legal & General Assurance Society (LGAS). This longevity swap is the single largest pensions insurance transaction in the UK to date.

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