The Firm represented the underwriters, led by Credit Suisse, Deutsche Bank Securities, J.P. Morgan and RBS, as joint book-running managers, in connection with an offering by Philip Morris International Inc. of $750 million of 1.125% Notes due 2017, $750 million of 2.500% Notes due 2022 and $750 million of 3.875% Notes due 2042. The notes were sold in a public offering and will be listed for trading on the New York Stock Exchange.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher acted as U.S. counsel for the underwriters, led by Scotia Capital Inc. and Morgan Stanley & Co. LLC, as joint bookrunners, in connection with an offering of CAD$250 million aggregate principal amount of 8.25% Senior Secured Notes due 2017 issued by Postmedia Network Inc. (“Postmedia”). The Notes are guaranteed by Postmedia Network Canada Corp., Postmedia’s parent. Postmedia is the largest publisher by circulation of paid English-language daily newspapers in Canada, representing some of the country’s oldest and best known media brands.
Tags: Simpson Thacher & Bartlett LLP | New York
A&O has provided advisory services to Allianz Real Estate in relation to the acquisition of the Warsaw Financial Center (WFC), one of the highest quality office assets in Poland. Please enter ByLine.
Tags: Allen & Overy LLPMcCarter & English LLP is pleased to welcome intellectual property attorney Thomas O. Hoover to the firm as a partner in the Boston office. Mr. Hoover focuses his practice on patent, trademark and copyright law.
DLA Piper today announced that William Stute has joined the Litigation practice as a partner in the Minneapolis office.
Tags: DLA Piper
Davis Polk advised Warner Chilcott plc on its $1 billion leveraged recapitalization. Under this recapitalization, subsidiaries of Warner Chilcott borrowed $600 million of term loans under an amendment to its secured credit facility. Proceeds of the financings together with cash on hand will be used to fund a special one-time cash dividend of $4.00 per share, or approximately $1 billion in the aggregate.
Tags: Davis Polk & Wardwell | New YorkDavis Polk advised HSBC Securities (USA) Inc., Morgan Stanley & Co. LLC, RBS Securities Inc., BNP Paribas Securities Corp., RBC Capital Markets, LLC, SG Americas Securities, LLC and Standard Chartered Bank as joint bookrunners on an SEC-registered offering by Rio Tinto Finance (USA) plc of $3 billion aggregate principal amount of notes guaranteed by Rio Tinto plc and Rio Tinto Limited. The offering consisted of $1.25 billion principal amount of 1.625% notes due 2017, $1 billion principal amount of 2.875% notes due 2022 and $750 million principal amount of 4.125% notes due 2042.
Tags: Davis Polk & WardwellDavis Polk is advising Aetna Inc. on a $2 billion senior unsecured bridge loan facility in connection with its acquisition of Coventry Health Care, Inc. The bridge facility is being arranged by Goldman Sachs Bank USA, UBS Securities LLC and UBS Loan Finance LLC. The facility would be available to Aetna to pay a portion of the cash consideration used for its purchase of Coventry Health Care, Inc. in the event Aetna has not completed a planned senior notes offering prior to the closing of the acquisition.
Tags: Davis Polk & Wardwell | New York
Itera, one of Russia’s leading independent producers of natural gas, has agreed a strategic venture with Russian oil giant Rosneft to jointly develop their gas fields in the gas-rich Yamalo-Nenets autonomous region in the Russian Arctic.
Tags: Morgan Lewis & Bockius LLP | Moscow
Haynes and Boone, LLP announces the closing of the majority ownership acquisition of Service King Collision Repair Centers by the Carlyle Group, a global alternative asset manager company.
Tags: Haynes and Boone, LLP | Dallas