Kutak Rock – $229.5 Million Net Lease Mortgage Notes Issued

Using 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.

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Tags:  Kutak Rock LLP | Denver

Field Fisher Waterhouse Advises DVLA on £450 Million Contract for Front Office Counter Services

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.

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Tags:  Fieldfisher LLP

Paul Hastings Represents China Everbright on US$200 Million Loan Facilities

Paul Hastings, a leading global law firm, announced today that it has successfully represented China Everbright International Limited (“China Everbright”), a company whose shares are listed on the Hong Kong Stock Exchange, in relation to its US$200 million term loan facilities provided by Asian Development Bank (“ADB”) to two wholly-owned subsidiaries of China Everbright. The financing is in the form of a direct US$100 million A-loan and a complementary B-loan of up to US$100 million, to be funded by commercial lenders with ADB acting as “lender on record”.

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Tags:  Paul Hastings, LLP | Hong Kong

Paul Hastings Represents GE Healthcare in Sale of Thomas Medical

Paul Hastings LLP, a leading global law firm, is representing GE Healthcare, a unit of General Electric Company (NYSE: GE), in the sale of Thomas Medical Products, Inc. (“Thomas Medical”) to Merit Medical Systems, Inc. (“Merit”) (NASDAQ: MMSI), a leading manufacturer and marketer of proprietary disposable devices used primarily in cardiology, radiology and endoscopy, for the purchase price of $167 million subject to customary post-closing adjustments. The transaction is expected to close prior to December 31, 2012.

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Tags:  Paul Hastings, LLP

Paul Hastings Represents Cowen and Company, CRT Capital and The Seaport Group in JW Aluminum Refinancing

Paul Hastings LLP represented Cowen and Company, CRT Capital and The Seaport Group as joint book-running managers in connection with the Rule 144A/Reg S offering of $200,000,000 of 11.50% Senior Secured Notes due 2017 by JW Aluminum Company, a manufacturer of specialty, flat-rolled aluminum products. Proceeds from the offering, together with amounts drawn at closing under JW Aluminum Company’s amended asset-based revolving credit facility, were used to refinance existing indebtedness.

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Tags:  Paul Hastings, LLP | New York

Leading Mergers and Acquisitions/Private Equity Attorney Mark Harris Joins Jenner & Block’s Chicago Office

Mark A. Harris has joined Jenner & Block as a partner in the Chicago office. As one of Chicago’s most highly regarded M&A attorneys, Mr. Harris has been at the heart of many major transactions, including Wrapports, LLC’s recent acquisition of the Chicago Sun-Times. Mr. Harris joins the Firm’s Corporate Practice and will serve as Co-Chair of its Private Equity Practice and a member of the Mergers and Acquisitions Practice. He will advise clients on acquisitions, divestitures, spin-offs, LBOs, going-private transactions, reorganizations, proxy contests and other complex transactions, as well as on corporate governance and other general business matters.

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Tags:  Jenner & Block, LLP