The Firm recently represented the initial purchasers, led by J.P. Morgan, Deutsche Bank, Wells Fargo, Credit Agricole and Goldman Sachs, in connection with an offering by General Cable Corporation of $600 million aggregate principal amount of its 5.750% Senior Notes due 2022 pursuant to Rule 144A and Regulation S.
Tags: Simpson Thacher & Bartlett LLP | New YorkThe Firm recently represented CNO Financial Group, Inc. (“CNO”) in connection with a recapitalization that included a private offering of $275 million aggregate principal amount of 6.375% senior secured notes due 2020 and entry into a new senior secured credit agreement consisting of a $250 million four-year term loan facility, a $425 million six-year loan facility and a $50 million three-year revolving credit facility. CNO used the net proceeds of the issuance of the new senior secured notes and borrowings under the new term loan facilities to repay all $224 million outstanding under its existing senior secured credit agreement, repurchase and fund the redemption of $275 million aggregate principal amount of 9.0% senior secured notes due 2018, and repurchase approximately $200 million aggregate principal amount of 7.0% convertible senior debentures due 2016 from entities affiliated with Paulson & Co. Inc.
Tags: Simpson Thacher & Bartlett LLP | New York
National law firm, Irwin Mitchell, has again made a significant addition to its corporate team with the announcement that one of the North of England’s leading banking and finance partners, Dean Gormley, is joining the firm.
Tags: Irwin Mitchell LLPACH Shoosmiths is launched today (Monday 1 October). It is the result of a merger between top 40 national law firm Shoosmiths and Edinburgh-based Archibald Campbell & Harley.
The Dubai and London offices of international law firm Norton Rose advised a syndicate of Middle Eastern banks led by ABC International Bank plc, a European subsidiary of Arab Banking Corporation B.S.C, in relation to a senior Shariah compliant facility to Kings Reach Estates Limited, a joint venture between London developer CIT and Jadwa Investment for the redevelopment and refurbishment of the Kings Reach Tower in Southwark, London.
Tags: Norton Rose Fulbright | Dubai
On Aug. 30, 2012, Jackson Walker obtained a key victory for its client, Bankcard Processing International L.L.C., when the Court of Appeals for the First District of Texas overturned a $1.5 million judgment against the company and other defendants.
Tags: Jackson Walker, LLP | Houston
Leading global law firm Baker & McKenzie has further expanded its London and global dispute resolution practice with the appointment of leading international arbitration and litigation lawyer, Steve Abraham, as partner.
Tags: Baker McKenzie
Davis Polk advised Citigroup Global Markets, Inc. and Barclays Capital as active joint lead arrangers in connection with a $1 billion 3.5-year unsecured revolving credit facility and a $1.5 billion 5-year unsecured revolving credit facility provided to DIRECTV Holdings LLC. The obligations of the borrower under both credit facilities are guaranteed by DIRECTV and certain of the borrower’s material domestic subsidiaries. The facilities will be used for general corporate purposes.
Tags: Davis Polk & Wardwell LLP | New YorkDavis Polk advised Credit Suisse Securities (USA) LLC, HSBC Securities (USA) Inc. and J.P. Morgan Securities LLC as representatives of the initial purchasers in connection with the debut global offering by Colombia Telecomunicaciones S.A. ESP of $750 million aggregate principal amount of its 5.375% senior notes due 2022. The notes were offered pursuant to Rule 144A and Regulation S under the U.S. Securities Act of 1933.
Tags: Davis Polk & Wardwell LLP | New YorkDavis Polk advised Morgan Stanley & Co. LLC, Deutsche Bank Securities Inc. and Jefferies & Company, Inc. as joint book-running managers on an SEC-registered offering of $125 million aggregate principal amount of 4.5% convertible senior notes due 2017 of XPO Logistics, Inc. The total proceeds of the offering were approximately $120.3 million.
Tags: Davis Polk & Wardwell LLP | New York