Shearman & Sterling advised IVG Caverns GmbH, a subsidiary of IVG Immobilien AG, on the transfer of seven underground gas storage facilities (caverns) to a special fund managed by IVG Institutional Funds GmbH (IVG Cavern Fund). IVG will devote the proceeds for the seven caverns to reduce its debt by a further €200 million.
Tags: Shearman & Sterling LLP
Clyde & Co is delighted to welcome David Moore as a partner in the firm’s infrastructure department in London.
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Field Fisher Waterhouse LLP has advised Ping Pong East Limited, the franchising arm of the casual dining dim sum concept, in relation to the grant of franchise rights for the Indian states of Goa and Maharashtra.
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Davis Polk advised Morgan Stanley & Co. International Plc in its capacity as placing agent for the placement of 2,041,287,000 new shares allotted and issued by G-Resources Group Limited (G-Resources) for a total consideration of approximately HK$776 million.
Tags: Davis Polk & Wardwell LLP | Hong KongDavis Polk advised Morgan Stanley & Co. LLC as the sole book-runner on a $258 million SEC-registered offering of 25,800,000 shares of common stock of Molycorp, Inc. (Molycorp), of which 12,000,000 shares were offered and sold by Molycorp and 13,800,000 shares are being loaned by Molycorp to Morgan Stanley Capital Services LLC under a share lending agreement. Davis Polk also advised Morgan Stanley Capital Services LLC as the share borrower in connection with the share lending agreement.
Tags: Davis Polk & Wardwell LLP | New York
DLA Piper has acquired a recognized financial expert for its German Finance & Projects practice in Dr Wolfram Distler. Dr Distler comes to DLA Piper from Linklaters and, as an equity partner with effect from 1 September 2012, will be strengthening the team in Frankfurt headed by practice group leader Frank Schwem.
Tags: DLA Piper | Germany
Norton Rose Australia has advised the Melbourne Racing Club on the development of its privately owned land surrounding the Caulfield racecourse into a new major urban development project, known as Caulfield Heath which is one of the largest real estate developments in Victoria in recent times.
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Cahill represented Citigroup Global Markets Inc. as lead initial purchaser and the other initial purchasers in connection with the Rule 144A/Reg S offering of $750,000,000 aggregate principal amount of 9% Senior Secured Notes by an escrow subsidiary to be assumed by Caesars Entertainment Operating Company, Inc. Upon release from escrow, proceeds from the offering were used to refinance existing indebtedness.
Tags: Cahill Gordon & Reindel LLP | New York
Jackson Walker L.L.P. represented J.B. Poindexter & Co., Inc. in the successful completion of a $25 million 144A senior debt offering on August 20, 2012.
Tags: Jackson Walker, LLP | HoustonOn 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