Cooley Represents Brocade in $300 Million 4.625 % Senior Notes Offering

Friday, January 25, 2013

Cooley LLP announced today that it represented Brocade Communications Systems, Inc. in its offering of $300 million aggregate principal amount of 4.625% Senior Notes due 2023. The notes are Brocade’s senior, unsecured obligations, and interest on the notes is payable semi-annually in cash at a rate of 4.625% per annum beginning July 15, 2013. The Company will use the proceeds of the financing, together with cash on hand, to redeem all of its outstanding 6.625% senior secured notes due 2018.

More >>

Tags:  Cooley LLP | San Francisco

Insurance Duo Joins Holland & Knight

Friday, January 25, 2013

John Sarchio, one of the insurance industry’s leading and most respected lawyers, has joined Holland & Knight as chair of the firm’s Insurance Industry Practice Team. Mr. Sarchio, most recently co-founder and co-head of the Insurance and Reinsurance Practice Group at Chadbourne & Parke LLP, brings with him Richard G. Liskov, who joins the firm as a partner. Mr. Sarchio also formerly led the insurance practice at White & Case LLP.

More >>

Tags:  Holland & Knight LLP | New York

Baker Botts Represents Contran Corporation in Sale of Subsidiary Titanium Metals Corporation to Precision Castparts Corporation

Friday, January 25, 2013

On December 20, 2012, Contran Corporation majority-owned subsidiary, Titanium Metals Corporation, was acquired by Precision Castparts Corporation pursuant to a negotiated cash tender offer commenced under a merger agreement between Timet and PCC and a related support agreement between Contran and PCC.

More >>

Tags:  Baker Botts L.L.P. | Dallas

SRZ Advises on LNR’s Sale to Starwood Property Trust

Friday, January 25, 2013

SRZ represented Cerberus Capital Management LP and LNR Property LLC on the $1.05 billion sale of LNR to Starwood Property Trust and Starwood Capital Group. Under the terms of the deal, which was announced Jan. 24, 2013, Starwood Property Trust will acquire LNR business segments, including 50 percent of its interest in the nation’s leading residential and commercial real estate exchange Auction.com, for a total purchase price of $856 million. In addition, Starwood Capital Group will acquire for $197 million both LNR’s US Commercial Property Group and the other 50 percent of LNR’s ownership interest in Auction.com. Miami-headquartered LNR is a leading diversified real estate investment, finance, management and development firm with 12 offices throughout the U.S. and Europe.

More >>

Tags:  Schulte Roth & Zabel LLP | New York

Cravath – CyrusOne’s IPO

Friday, January 25, 2013

Cravath represented CyrusOne Inc. in connection with its US$361 million initial public offering of common stock. CyrusOne Inc., a subsidiary of Cincinnati Bell Inc., is a real estate investment trust that owns, operates and develops data center properties. The shares will be listed on the NASDAQ Global Select Market. The transaction closed on January 24, 2013.

More >>

Tags:  Cravath, Swaine & Moore LLP | New York