Simpson Thacher represented Barclays Bank PLC, Citigroup Global Markets Limited, Deutsche Bank AG, Singapore Branch and The Royal Bank of Scotland, as initial purchasers, in connection with the offering of US$300 million 1.875% Notes due 2018 by Korea Southern Power Co., Ltd. The offering was conducted in reliance upon Regulation S under the Securities Act of 1933, as amended.
Tags: Simpson Thacher & Bartlett LLP | Hong KongThe Firm is representing Silver Lake Partners in the announced $24.4 billion acquisition of Dell, Inc. (NASDAQ: DELL). This transaction represents the largest private equity buyout since 2007. As part of the transaction, Michael Dell and certain related parties, who collectively hold approximately 16% of the Company’s shares, have agreed to rollover their shares into the acquiring entity. The transaction will be financed through a combination of cash and equity contributed by Mr. Dell, cash funded by investment funds affiliated with Silver Lake, cash invested by MSD Capital, L.P., a loan from Microsoft, rollover of existing debt, as well as debt financing that has been committed by Bank of America Merrill Lynch, Barclays, Credit Suisse and Royal Bank of Canada, and cash on hand. The transaction is subject to the approval of a majority of the unaffiliated stockholders and to customary conditions. Dell, based in Round Rock, Texas, is a global information technology company that offers its customers a broad range of solutions and services delivered directly by Dell and through other distribution channels.
Tags: Simpson Thacher & Bartlett LLP | Silicon ValleySimpson Thacher represented KKR in connection with the issuance of $500,000,000 aggregate principal amount of 5.500% Senior Notes due 2043 by KKR Group Finance Co. II LLC, an indirect finance subsidiary of KKR & Co. L.P. KKR intends to use the net proceeds from the offering for general corporate purposes.
Tags: Simpson Thacher & Bartlett LLP | New York
Kilpatrick Townsend & Stockton today announced the opening of a Los Angeles office to be led by preeminent California intellectual property attorneys Larry McFarland, Dennis Wilson and other attorneys formerly with the highly-regarded firm Keats McFarland & Wilson (KMW). Kilpatrick Townsend was formed over two years ago by the combination of Kilpatrick Stockton and Townsend and Townsend and Crew.
Tags: Kilpatrick Townsend & Stockton LLP | Los Angeles
Gibson, Dunn & Crutcher LLP is pleased to announce that Arthur Long has joined the firm’s New York office as a partner. Previously a partner with Davis Polk & Wardwell LLP, Long will continue his law practice focusing on the regulation of banks and other financial institutions.
Tags: Gibson, Dunn & Crutcher LLP | New York
King & Spalding has recruited prominent finance and banking lawyers Chris D. Molen and J. Craig Lee as partners in its financial institutions practice in Atlanta. They join King & Spalding from Paul Hastings.
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International law firm Weil, Gotshal & Manges LLP announced today that Allison R. Liff will join its New York office as a partner in the Banking & Finance practice group.
Tags: Weil, Gotshal & Manges, LLP | New York
McDermott Will & Emery represented Young Innovations, Inc. (NASDAQ: YDNT) in connection with the completion of its sale to an affiliate of Linden Capital Partners, a Chicago-based private equity firm, in an all-cash transaction valued at approximately $314 million. The transaction closed on January 31, 2013.
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Paul Hastings, a leading global law firm, announced today that it represented Mingfa Group (International) Company Limited (“Mingfa Group”), a leading PRC investment company focusing on property development, in its issuance of senior notes (“Notes”) in the aggregate principal amount of US$100 million, due 2018.
Tags: Paul Hastings, LLP | Hong KongPaul Hastings, a leading global law firm, announced today that the firm, recently helped Korean Air Lines reach important milestones for its Wilshire Grand redevelopment project in downtown Los Angeles. Korean Air Lines has now begun work on its approximately $950 million mixed use project, located at one of the prime locations in the financial district. Korean Air Lines recently began demolishing the existing obsolete hotel and will start vertical construction later this year. The project, which is currently the largest private construction project in Los Angeles, will consist of a 900 room four plus star hotel with ballrooms and convention facilities, approximately 380,000 square feet of office space and 200,000 square feet of restaurants, retail and other amenities in a single 72 story tower with attached podium building. Construction of the project will continue through 2016 and the project opening is scheduled for January 2017.
Tags: Paul Hastings, LLP | Los Angeles