The Firm recently represented the underwriters, led by Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and RBC Capital Markets, LLC, in the SEC-registered offering of $2 billion of senior notes of NBCUniversal Media, LLC, comprising $1 billion of 2.875% Senior Notes due 2023 and $1 billion of 4.450% Senior Notes due 2043.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher Represents Hovnanian Enterprises, Inc. in $900 Million Aggregate Offerings of Senior Secured Notes and Exchangeable Note Units and in Related Tender Offer
Simpson Thacher represented Hovnanian Enterprises, Inc. (NYSE: HOV) (the “Company”), one of the nation’s largest homebuilders and a long-standing client of the Firm, in connection with the private placement offering of $577 million 7.25% Senior Secured First Lien Notes due 2020 and $220 million 9.125% Senior Secured Second Lien Notes due 2020 and the registered offering of $100 million aggregate stated amount of 6.00% Exchangeable Note Units (equivalent to 100,000 Units) (which amount includes the full exercise of the over-allotment option granted to the underwriters), with each Unit composed of a senior exchangeable note and a senior amortizing note. The offerings resulted in aggregate gross proceeds of approximately $900 million. Hovnanian used the proceeds of the offerings to fund the cash tender offer and consent solicitation (the “Tender Offer”) for any and all of its 10?% Senior Secured Notes due 2016 (the “Existing Secured Notes”) and to redeem any of its Senior Notes not tendered pursuant to the Tender Offer.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher Represents CHC Helicopter in Refinancing
The Firm recently represented CHC Helicopter S.A. (“CHC Helicopter”) in an offering of $200 million aggregate principal amount of additional 9.250% Senior Secured Notes due 2020 in reliance on Rule 144A and Regulation S.
Tags: Simpson Thacher & Bartlett LLP | Hong KongLewis Ho Joins Dechert’s Hong Kong Corporate Practice
Dechert LLP announced today that Lewis Ho has joined the firm’s Hong Kong office as a partner in the Corporate and Securities practice. Ho was most recently a resident partner in the Beijing office at Simmons & Simmons LLP.
Tags: Dechert LLP | Hong KongGazprom Finalizes Long-Term LNG Supply Deal with GAIL Limited
On October 1, 2012, Gazprom announced that the Russian energy company had signed a landmark deal to supply liquefied natural gas (LNG) to GAIL (India) Limited. This marks the first long-term sale of LNG by Gazprom — through its subsidiary Gazprom Marketing and Trading Singapore (GMTS) — into the Indian market.
Tags: Hong KongKing & Wood Mallesons Acts on Origin Energy’s Landmark $2.4 Billion Debt Raising
King & Wood Mallesons has acted for a syndicate of 38 banks on Origin Energy’s landmark $2.4 billion debt raising, which signed on 4 October 2012. The mandated lead arrangers and bookrunners were ANZ, CBA and NAB.
Tags: King & Wood MallesonsKing & Wood Mallesons Acts for QR National on Its Selective Share Buy-back
King & Wood Mallesons has acted for QR National Limited on its proposed Selective Share Buy-back.
Tags: King & Wood MallesonsStephenson Harwood – New Aviation Finance Partner in Singapore
International law firm Stephenson Harwood has appointed Saugata Mukherjee as a partner in its aviation and structured finance practice in Singapore. Saugata’s previous experience includes working in Freshfields Bruckhaus Deringer’s London office as a senior associate in the structured and asset finance group and also as an investment banker at Goldman Sachs in London.
Tags: Stephenson Harwood | SingaporeKing & Spalding Advises Samba Financial Group on SAR717 Million Financing
King & Spalding represented Samba Financial Group as the lead arranger on a SAR517 million (USD137.9 million) Shari’ah-compliant acquisition financing, with the facility increased by a further SAR200 million (USD53.3 million) on September 30, 2012.
Tags: King & Spalding LLP