International law firm Milbank, Tweed, Hadley & McCloy LLP, led by Global Securities partner Arnold Peinado and Transportation and Space partner Elihu Robertson, acted as US counsel to the underwriters in a $844 million public offering of enhanced equipment trust certificates (“EETCs”) by Continental Airlines, Inc.

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Paul, Weiss advised Roark Capital Management in the final closing of Roark Capital Partners III. The final closing secured commitments bringing the aggregate total to $1.5 billion, which exceeded the initial target of $1.25 billion. The fund will target control equity and equity-related investments in middle-market companies primarily in the United States.

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As reported in The New York Times, Paul, Weiss client Oaktree Capital Management agreed to a sale of its aircraft leasing company JSA International, which operates as Jackson Square Aviation, to Mitsubishi Corp.’s unit UFJ Lease and Finance Co., Ltd. for U.S. $1.3 billion. San Francisco-based Jackson Square, set up in 2010 with $500 million seed money from Oaktree, operates a fleet of about 70 aircraft with branch offices in Seattle, Miami, Europe and Asia. The deal will be financed with cash and bank loans and is expected to close in December.

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