A team of lawyers from global law firm K&L Gates LLP is advising Deutsche Telekom/T-Mobile USA in a proposed $1.5 billion cash, stock, and debt restructuring deal to combine its T-Mobile USA unit with Texas-based wireless service provider MetroPCS Communications, Inc. If approved, the deal would result in Deutsche Telekom owning a 74 percent stake and MetroPCS shareholders receiving cash and 26 percent ownership in the combined company.
Tags: K&L Gates LLP
Robert W. Karr, Jr. has joined Masuda Funai’s Chicago office as a Principal in the firm’s Business Group.
Tags: Masuda, Funai, Eifert & Mitchell, Ltd.
Shearman & Sterling advised Citigroup Global Markets Inc., JPMorgan Securities LLC, Merrill Lynch, Pierce Fenner & Smith Incorporated, Barclays Bank Plc, Morgan Stanley Senior Funding, Inc. and RBC Capital Markets as lead arrangers and bookrunners in connection with a $2.3 billion three-year revolving credit facility for International Lease Finance Corporation.
Tags: Shearman & Sterling LLP | New York
International law firm Freshfields Bruckhaus Deringer has advised Innovation Network Corporation of Japan (INCJ) and Nihon Inter Electronics Corporation (NIEC) in their capacity for co-leading a US$35m Series E financing for Transphorm, a California-based developer of ultra-efficient power conversion technology.
Tags: Freshfields LLP
Paul Hastings LLP, a leading global law firm, announced today that the firm represented ArcLight Capital Partners, an energy focused private equity firm, and its affiliates, in the sale of Cinco Pipe & Supply, LP, a distributor of oil country tubular goods and related services, to Mitsui & Co. (U.S.A.), Inc. for $65 million in cash and the payment of $82 million of Cinco’s indebtedness.
Tags: Paul Hastings, LLP | HoustonPaul 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.
Tags: Paul Hastings, LLP | New York
Wragge & Co’s energy and infrastructure finance experts have advised HSBC Bank plc on a $300 million loan facility for the merged entity of two listed exploration and production (E&P) companies – Melrose Resources and Petroceltic International.
Tags: Gowling WLG
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.
Tags: Simpson Thacher & Bartlett LLP | New York
Linklaters has advised PWC, the administrators of Lehman Brothers International (Europe) (LBIE), on a critical milestone in the Lehman Brothers administration.
Tags: Linklaters LLP
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.
Tags: Cahill Gordon & Reindel LLP | New York