Arnold & Porter Legal Team Guides PMI Mortgage Insurance Co. in Major Company and Asset Sale

Arnold & Porter LLP client PMI Mortgage Insurance Co. (in receivership) recently entered into definitive agreements with Arch Capital Group Ltd. for its U.S.-based subsidiaries, Arch U.S. MI, to acquire CMG Mortgage Insurance Company from PMI and CMFG Life Insurance Company. The agreements also involve the acquisition of PMI’s mortgage insurance information technology operating platform and related assets from PMI. The value of the consideration for these transactions are estimated to be approximately $300 million. Arch U.S. MI will also enter into a services agreement with PMI to provide for necessary services to administer the run-off of PMI’s legacy business at the direction of PMI. An affiliate of Arch U.S. MI will reinsure the run-off of in-force insurance on current, non-delinquent loans included in the primary mortgage insurance originated by PMI for book years 2009-2011.

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Tags:  Arnold & Porter Kaye Scholer LLP | San Francisco

Cahill Represents Initial Purchasers in $650 Million Notes Offering by Atlas Pipeline Partners

Cahill represented BofA Merrill Lynch, Wells Fargo Securities, Deutsche Bank Securities, Citigroup, and J.P. Morgan, as joint book-running managers, and the co-managers in connection with the Rule 144A offering of $650,000,000 aggregate principal amount of $5-7/8% Senior Notes due 2023 by Atlas Pipeline Partners, L.P.

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Tags:  Cahill Gordon & Reindel LLP | New York

Cahill Represents Initial Purchasers in $220 Million Notes Offering by Universal Hospital Services

Cahill represented Barclays, BofA Merrill Lynch and RBC Capital Markets as joint book-running managers and Wells Fargo Securities and PNC Capital Markets LLC as co-managers in connection with the Rule 144A offering of $220,000,000 aggregate principal amount of 7.625% Second Lien Senior Secured Notes due 2020 by Universal Hospital Services, Inc.

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Tags:  Cahill Gordon & Reindel LLP | New York

Jackson Lewis Opens Office in Tampa, Strengthens Florida Presence

Jackson Lewis LLP, one of the country’s largest and fastest-growing workplace law firms, is pleased to announce the opening of an office in Tampa, Florida. The firm’s fourth Florida location will be led by Managing Partner Barnett Q. Brooks, who previously served as Managing Shareholder of Ogletree Deakins’ Tampa office. Jay Lechner, formerly with Greenberg Traurig, has joined the office as Partner. Monica J. Williams and Amanda Ballard, both formerly with Ogletree Deakins, have joined as Of Counsel and Associate, respectively.

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Tags:  Jackson Lewis P.C.

Morgan Lewis Expands ITC Capabilities with Addition of IP Litigator in Washington

Morgan Lewis announced today that Eric S. Namrow, an intellectual property litigator who focuses his practice on cases before the International Trade Commission (ITC), as well as before district courts throughout the U.S., has joined the firm as a partner in its Litigation and Intellectual Property Practices, resident in Washington, D.C. His arrival continues the growth of the firm’s litigation bench in Washington, recently bolstered by the return of former Federal Trade Commission General Counsel Will Tom last week and a five-attorney white collar team led by former acting Attorney General George Terwilliger in November.

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Tags:  Morgan, Lewis & Bockius LLP