Davis Polk advised J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Wells Fargo Securities, LLC, BMO Capital Markets Corp., Credit Agricole Securities (USA) Inc., RBS Securities Inc. and Scotia Capital (USA) Inc. as joint book-running managers on a Rule 144A/Regulation S offering by PDC Energy of $500 million aggregate principal amount of its 7.75% senior notes due 2022.

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Davis Polk advised Grupo Financiero Santander México, S.A.B. de C.V. in connection with Grupo Financiero Santander México’s $4.1 billion global offering. The global offering included a $3.3 billion SEC-registered initial public offering of 39,750,000 shares of Series B common stock and 265,963,200 ADSs, each representing five Series B shares. The ADSs include 35,681,039 ADSs purchased pursuant to the international underwriters’ over-allotment option. The Series B shares were listed on the Mexican Stock Exchange under the symbol “SANMEX” and the ADSs were listed on the New York Stock Exchange under the symbol “BSMX.” The global coordinators of the international offering were Santander Investment Securities Inc., UBS Securities LLC, Deutsche Bank Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated. The offering was the second-largest registered initial public offering in the United States so far this year.

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Paul Hastings LLP, a leading global law firm, announced today that the firm represented Morgan Stanley Senior Funding, Inc. as administrative agent in connection with a $1.31 billion term loan and UBS AG, Stamford Branch as administrative agent in connection with a $225 million asset-based revolving credit facility, and Morgan Stanley Senior Funding, Inc., Deutsche Bank Securities Inc., Goldman Sachs Bank USA, UBS Securities LLC, Barclays Bank PLC, Jefferies Finance LLC and Royal Bank of Canada as arrangers in connection with such credit facilities, the proceeds of which at closing were used to partially finance the acquisition of AOT Bedding Super Holdings, LLC, the parent company of Serta mattress manufacturer National Bedding Company L.L.C. and Simmons mattress manufacturer Simmons Bedding Company, by Advent International Corporation.

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