On August 13, 2012, Andrews Kurth LLP, a recognized leader in the diversity and inclusion arena, filed an Amicus Briefon behalf of its client the Houston Community College System (“HCC”) in support of the Respondents in Fisher v. University of Texas at Austin, et al., Case No. 11-345, now pending before the United States Supreme Court. Oral arguments are scheduled for October 10, 2012.
Tags: | Houston
Cravath – Arrangement of DIP Loan for ATP Oil & Gas
On August 21, 2012, the U.S. Bankruptcy Court for the Southern District of Texas granted Houston-based ATP Oil & Gas Corp. preliminary approval for a $617.6 million debtor-in-possession loan. Judge Marvin Isgur approved interim access to the financing, which provides $250 million in “new money” and a roll-up of $367.6 million in pre-petition first-lien debt. This is one of the largest announced DIP facilities to date in 2012. Cravath represented Credit Suisse AG, as arranger. ATP filed for bankruptcy on August 17, citing the 2010 Deepwater Horizon oil rig explosion in the Gulf of Mexico and the subsequent drilling moratorium.
Tags: Cravath, Swaine & Moore LLP
Simpson Thacher Represents Underwriters in $250 Million Debt Offering for Domtar Corporation
The Firm represented the underwriters, led by J.P. Morgan, Morgan Stanley and RBC Capital Markets, in a public offering of $250 million of 6.25% Senior Notes due 2042 by Domtar Corporation. The Notes are guaranteed by certain subsidiaries of Domtar Corporation.
Tags: Simpson Thacher & Bartlett LLP | New YorkThis Week’s Washington BigLaw Career Moves
This week has seen the announcement of several major job changes in the nation’s capital. Crowell & Moring has recruited tax partners Donald M. Griswold and Walter Nagel, Leonard Chanin rejoins Mofo, and John C. Richter is back at K&S.
Crowell & Moring Has Expanded Its Tax Group With Addition of State and Local Tax Team
Crowell & Moring LLP has expanded its Tax Group with the addition of two nationally recognized partners in the firm’s Washington, D.C. office. Donald M. Griswold and Walter Nagel are moving their practices from Reed Smith LLP to Crowell & Moring, where they will provide counseling to Fortune 500 clients on state and local tax (SALT) matters, including mergers and acquisitions, state tax planning, and audit defense and litigation. Griswold and Nagel will also be joined by an associate.
Tags: Crowell & Moring, LLP
Bracewell Represents Canyon Partners LLC in $200 Million Acquisition of Houston Pavilions
Bracewell & Giuliani LLP represented Canyon Partners LLC in the $200 million acquisition of Houston Pavilions, a mixed-use complex. Investment manager Canyon Partners LLC is partnering with basketball legend Earvin “Magic” Johnson in a private equity venture, one that has teamed up with Texas developer Midway Cos. for this particular acquisition.
Tags: Bracewell LLP | HoustonBracewell Represents Citigroup in Financing Connected with Boardwalk Pipeline Partners’ Purchase of PL Midstream LLC
Bracewell & Giuliani LLP represents Citigroup, as lead arranger and administrative agent, in a $225 million term loan acquisition financing to a joint venture between Boardwalk Pipeline Partners and its general partner Loews Corporation, in connection with the acquisition of PL Midstream LLC from PetroLogistics. PL Midstream provides salt-dome storage, pipeline transportation, fractionation and brine supply services for producers and consumers of natural gas liquids, natural gas, and petrochemical through southern Louisiana.
Tags: Bracewell LLP | Houston
Goodwin Procter Expands Technology Companies, M&A Practices With Addition of Lawrence M. Chu in Silicon Valley
Goodwin Procter, a national Am Law 50 firm, announced today that Lawrence M. Chu has joined the firm’s Business Law Department in its Silicon Valley office as a member of Goodwin’s Technology Companies, M&A/Corporate Governance and Private Equity Practices. He will focus on mergers and acquisitions, dispositions and corporate finance transactions in the technology, Internet, digital media, financial technology, e-commerce and biotech industries, and will help to lead the growth of the technology M&A practice on the West Coast. Chu joins Goodwin from Wilson Sonsini Goodrich & Rosati in San Francisco where he was a partner.
Tags: Goodwin Procter, LLP | Silicon Valley
Nationally Recognized Financial Regulatory Attorney Leonard Chanin to Rejoin Morrison & Foerster as a Partner in its Washington, D.C. Office
Morrison & Foerster LLP announced today that Leonard Chanin will rejoin the firm as a Partner in its Washington, D.C. office as a member of the firm’s Financial Services Practice. Mr. Chanin is a recognized expert in the field of consumer financial protection, with extensive experience in regulation and supervision of the myriad of statutes affecting retail banking.
Tags: Morrison & Foerster LLP
Mayer Brown JSM Advised Swire Resources on JV with Columbia Sportswear in China
Mayer Brown JSM advised Swire Resources Ltd. on the formation of a multi-million retail joint venture in China with Columbia Sportswear Co. The formation of the joint venture is the culmination of the long-standing relationship between Swire Resources Ltd. and Columbia Sportswear Co. Swire Resources Ltd., a subsidiary of Hong Kong–based conglomerate Swire Pacific Ltd., has been the exclusive independent distributor of Columbia and Mountain Hardwear–branded products in China and Hong Kong since 2004.
Tags: Mayer Brown LLP | Hong Kong