SNR Denton recently advised San Diego based Pulse Electronics (NYSE:PULS) in securing a debt and equity investment of approximately $102.7 million with certain affiliates of Oaktree Capital Group, LLC (NYSE: OAK), a leading global investment management firm with approximately $81 billion under management.
Tags: Dentons | New York
Davis Polk advised Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co. and Merrill, Lynch, Pierce, Fenner & Smith Incorporated as joint book-running managers on an SEC-registered offering by Statoil ASA of $2.0 billion principal amount of notes guaranteed by its operating subsidiary, Statoil Petroleum AS. The offering consisted of $600 million principal amount of 1.20% notes due 2018, $1.1 billion principal amount of 2.45% notes due 2023 and a $300 million principal amount reopening of its 4.25% notes due 2041.
Tags: Davis Polk & Wardwell LLPDavis Polk advised Goldman, Sachs & Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities, LLC as joint book-running managers and representatives of the underwriters on an SEC-registered public debt offering by Airgas, Inc. of $250 million principal amount of its 2.9% notes due 2022.
Tags: Davis Polk & Wardwell LLP | New York
Leading law firm Seyfarth Shaw LLP announced today the addition of Labor & Employment partner Charles Thompson and senior counsel Nicole Bolson to the firm’s San Francisco office, bolstering the bench strength of the firm’s National Trial Team and robust West Coast presence. Both attorneys previously practiced at Lewis Brisbois Bisgaard & Smith LLP, where Thompson was in charge of the San Francisco group and a vice chair of the firm’s L&E practice. He is also very active in the San Francisco legal community as a member of PLUS, the San Francisco Hotel Counsel and the IADC.
Tags: Seyfarth Shaw LLP | San Francisco
The State of Michigan began borrowing money from the Federal Unemployment Trust Fund Account for its unemployed workforce in 2006, earlier than any other state in the nation. For the first few years Michigan was able to keep up with the loan payments, but when the economic recession hit, its repayments and interest increased too quickly for the state to pay them.
Tags: Kutak Rock LLP | DenverUsing a master trust structure for real estate transactions pioneered by Kutak Rock LLP in 2005, a team of Denver attorneys recently acted as issuer’s counsel to STORE Capital Corporation, a private REIT, in connection with the issuance by its subsidiary, STORE Master Funding I LLC, of $229.5 million net lease mortgage notes. The STORE subsidiary is a bankruptcy remote, special purpose financing entity. The notes were rated A (sf) and BBB (sf) by Standard & Poor’s and purchased by institutional investors. The collateral for these notes consisted of 132 commercial real estate properties across various industry sectors, including related rents due under triple-net leases with the properties’ tenants. The master trust structure permits additional collateral to be added to the pool at a later date and also the issuance of additional notes in the future secured by the larger collateral pool.
Tags: Kutak Rock LLP | Denver
Field Fisher Waterhouse LLP has advised the DVLA on the appointment as preferred bidder of Post Office Limited to provide driving licences and tax discs at post offices all over the UK. The £450 million contract will run for up to ten years, and provides a framework for other government departments as well as the DVLA to obtain front office counter services from the Post Office.
Tags: Fieldfisher LLP
Winston & Strawn LLP today announced Thomas M. Dunham has joined the firm as partner in the intellectual property practice. Mr. Dunham joins the firm’s Washington, D.C. office from Novak Druce + Quigg LLP where he was chair of the litigation practice group and a member of the executive committee.
Tags: Winston & Strawn LLP