Paul Hastings LLP, a leading global law firm, announced today that the firm represented Royal Bank of Canada as administrative agent and arranger in connection with the amendment and restatement of each of the first lien and second lien credit facilities of Transtar Holding Company for purposes of, among other things, repricing and extending the maturity of the term loans and revolving commitments and creating additional term loans that increased the size of the first lien credit facilities to $370 million and the size of the second lien term loan facility to $140 million.

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Simpson Thacher recently represented Algeco Scotsman, a portfolio company of TDR Capital, in its issuance and sale of $1,075,000,000 aggregate principal amount of 8.50% Senior Secured Notes due 2018, €275,000,000 aggregate principal amount of 9.00% Senior Secured Notes due 2018 and $745,000,000 aggregate principal amount of 10.25% Senior Unsecured Notes due 2019 pursuant to Rule 144A and Regulation S, and the entry into a $1,200,000,000 global multi-currency asset-based credit facility by subsidiaries of Algeco Scotsman located in the United States, Canada, the United Kingdom, Australia and New Zealand. Algeco Scotsman used the proceeds of the offerings and borrowings under its new credit facility to refinance its existing debt facilities and finance the contribution of Ausco Modular to Algeco Scotsman by TDR Capital.

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Cahill represented the initial purchasers in connection with the Rule 144A/Reg S offering of $1,750,000,000 6.375% Senior Notes due 2020 for VPI Escrow Corp., the proceeds of which will be used to partially finance the acquisition of drug maker Medicis Pharmaceutical Corporation. The obligations of VPI Escrow Corp. under the notes will be assumed by Valeant Pharmaceuticals International upon the consummation of Valeant’s acquisition of Medicis.

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