The Firm recently represented SunGard Data Systems Inc. in connection with its entrance into a $720 million incremental term loan facility under its senior secured credit agreement and the maturity extension of, and other amendments to, its $275 million receivables facility. The proceeds of the term loan facility are being used to fund a dividend.
Tags: Simpson Thacher & Bartlett LLP | New YorkThe Firm recently represented Macquarie Mexican REIT (FIBRA Macquarie México) (“MMREIT”) in connection with its US$909.4 million initial public offering of Real Estate Trust Certificates (Certificados Bursátiles Fiduciarios Inmobiliarios, or “CBFIs”) on the Mexican Stock Exchange. The CBFIs were offered to the public in Mexico, to qualified institutional buyers in the United States under Rule 144A and to non-U.S. persons in reliance on Regulation S. MMREIT used the proceeds in connection with its acquisition, simultaneously with its initial public offering in Mexico, of its initial portfolio, consisting of 244 industrial real estate properties located in 21 cities across 15 states in Mexico. In addition to the proceeds from its initial public offering in Mexico, MMREIT financed the acquisition of its initial portfolio through four secured credit facilities.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher represented Igloo Holdings Corporation (“Igloo”) in connection with its Rule 144A and Regulation S offering of $350 million aggregate principal amount of 8.25%/9.00% Senior PIK Toggle Notes due 2017. Igloo intends to use the net proceeds from any such placement, together with $100.0 million of cash on hand of Interactive Data Corporation, to pay a dividend to its shareholders and a distribution to its optionholders totalling approximately $439.0 million.
Tags: Simpson Thacher & Bartlett LLP | Silicon Valley
International law firm Freshfields Bruckhaus Deringer has advised E.ON SE, one of the world’s largest investor-owned power and gas companies, on the disposal of a majority stake in its waste-burning unit E.ON Energy from Waste to Swedish private equity firm EQT.
Tags: Freshfields LLP
Cravath represented the initial purchasers, led by J.P. Morgan Securities, BofA Merrill Lynch, RBC Capital Markets, SunTrust Robinson Humphrey and Wells Fargo Securities, in connection with the US$500 million 144A/Reg. S senior debt offering of NCR Corporation, a leading global technology company. The transaction closed on December 18, 2012.
Tags: Cravath, Swaine & Moore LLP | New York
Oil and gas production company Gulfport Energy Corp. was advised by a team from Akin Gump Strauss Hauer & Feld LLP in its acquisition of additional working interests in the Utica Shale in eastern Ohio.
Tags: Akin Gump Strauss Hauer & Feld LLP | Dallas
Milbank, Tweed, Hadley & McCloy LLP in Beijing represented China Development Bank Corporation (CDB), a joint lead arranger and senior lender, in connection with its participation in a loan of US$390 million to Sociedad Concesionaria Operadora Aeroportuaria Internacional S.A. – Opain S.A. of Colombia (Opain). The total financing consisted of US$1.1 billion and was used for the expansion and redevelopment of the El Dorado international airport in Bogotá, Colombia, one of Latin America’s largest airports. Milbank in Washington, DC also represented CDB and the other participating banks, Inter-American Development Bank (IDB) and Corporacion Andina De Fomento (CAF).
Tags: Milbank LLP | Beijing
Sutherland Asbill & Brennan LLP has advised South Mississippi Electric (SME) on the purchase of LSP Energy LP’s Batesville, Mississippi, plant. The transaction closed this week and involved the acquisition of three gas-fired, combined-cycle generating units with the capacity to produce up to 837 megawatts of electricity at a purchase price of approximately $332/kW.
Tags: Eversheds Sutherland
Paul Hastings LLP, a leading global law firm, announced today that the firm represented BofA Merrill Lynch, Jefferies and Morgan Stanley as joint book-running managers and lead arrangers in connection with the financing of petrochemical provider TPC Group Inc.’s (Nasdaq:TPCG) $850 million acquisition by First Reserve Corporation, a leading global investment firm dedicated to the energy industry, and SK Capital Partners, a U.S. based private investment firm focused on the chemicals sector.
Tags: Paul Hastings, LLP | New YorkPaul Hastings LLP, a leading global law firm, represented the lead arrangers RBC Capital Markets, LLC, UBS Securities LLC and SunTrust Robinson Humphrey, Inc. in connection with the financing for the completion of Harbour Group’s acquisition of Cleaver-Brooks, Inc.
Tags: Paul Hastings, LLP