Davis Polk – Aetna Inc. $2 Billion Senior Unsecured Bridge Facility in Connection with Its Acquisition of Coventry Health Care

Wednesday, August 22, 2012

Davis 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.

More >>

Tags:  Davis Polk & Wardwell LLP | New York

Bracewell Represents Kinder Morgan Energy Partners in $1.8 Billion Asset Sale

Tuesday, August 21, 2012

Bracewell & Giuliani LLP is representing Kinder Morgan Energy Partners, L.P. (KMP) in its agreement to sell Kinder Morgan Interstate Gas Transmission, Trailblazer Pipeline Company, the Casper-Douglas natural gas processing and West Frenchie Draw treating facilities in Wyoming, and the company’s 50 percent interest in the Rockies Express Pipeline (REX) to Tallgrass Energy Partners, LP.

More >>

Tags:  Bracewell LLP | Houston