National law firm Wilson Elser has hired Henry L. Solano, formerly an acting secretary of labor appointed by President Clinton, and a U.S. attorney for the District of Colorado, as a partner. He is based in both the firm’s New York City and Denver offices. Most recently, Mr. Solano was a partner in Dewey & LeBoeuf’s New York City office.
Tags: Wilson Elser Moskowitz Edelman & Dicker LLP | Denver
Davis Polk advised China Yongda Automobiles Services Holdings Limited (Yongda) in connection with its HK$1.67 billion (US$215 million) initial public offering and listing on the Hong Kong Stock Exchange.
Tags: Davis Polk & Wardwell LLP | Hong Kong
Paul Hastings LLP, a leading global law firm, announced today that the firm represented BNP Paribas in the sale of its North American reserve-based energy lending unit to Wells Fargo Bank. The loan portfolio sold pursuant to this transaction consisted of $9.5 billion of total loan commitments.
Tags: Paul Hastings, LLP | Houston
Holland & Knight is proud to announce that Steven B. Roosa and Christopher G. Cwalina have joined its Public Policy & Regulation Practice Group as partners and co-chairs of the newly created firm-wide Data Privacy and Security Team. Mr. Roosa and Mr. Cwalina will reside in the New York and Washington D.C. offices, respectively and will join current partners Ieuan Mahony and Shannon Salimone in leading the national group.
Tags: Holland & Knight LLP
The Firm recently represented Dollar General Corporation in connection with its public offering of $500 million aggregate principal amount of 4.125% Senior Notes due 2017. Dollar General used the net proceeds from the sale of the Notes, together with cash on hand, to redeem its existing senior subordinated notes and to pay related premium and accrued interest.
Tags: Simpson Thacher & Bartlett LLP | New YorkThe Firm represented the initial purchasers in connection with the Rule 144A and Reg S offering of $800 million aggregate principal amount of 5.75% Senior Notes due 2020 by SBA Telecommunications, Inc., a wholly owned subsidiary of SBA Communications Corporation. The Notes are guaranteed on a senior unsecured basis by SBA Communications Corporation. J.P. Morgan Securities LLC, Barclays Capital Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., RBS Securities Inc., TD Securities (USA) LLC and Wells Fargo Securities, LLC acted as joint book-running managers for the offering. The offering closed on July 13, 2012.
Tags: Simpson Thacher & Bartlett LLP | New York
Ashurst advised Solveig Gas Norway AS on its issuance of NOK 1 billion in senior secured bonds as part of the ongoing refinancing of the debt used to support Solveig’s acquisition of 24.1% stake in the Gassled pipeline network. The debt is fully amortising and carries a fixed interest rate of 5.32%. Repayment is six monthly and continues up to maturity in December 2027.
Tags: Ashurst
Duane Morris is pleased to announce that Anthony Rao and Michael Tiliakos have joined the firm’s Employment, Labor, Benefits and Immigration Practice Group as partners in its New York office. Rao will also practice out of the firm’s San Francisco office. Rao and Tiliakos’ arrival further strengthens Duane Morris’ growing labor and employment practice, as well as its New York office, where the firm recently added a dozen lawyers from the former Dewey & LeBoeuf law firm – including attorneys who focus on employee benefits matters. Rao and Tiliakos join from Rao Tiliakos, a labor and employment boutique they founded in 2008 and which had offices in New York and San Francisco. Prior to that, they practiced at Seyfarth Shaw LLP.
Tags: Duane Morris LLP | New York
Thermo Fisher Scientific Inc. (TMO), the world leader in serving science, today announced that it has signed a definitive agreement to acquire One Lambda, the leader in transplant diagnostics, for $925 million in cash, subject to a post-closing adjustment. The purchase price includes the cost of a three-year retention program established by One Lambda for the benefit of key employees, amounts payable to certain shareholders for noncompetition agreements, and a one-year earn-out provision based on the achievement of certain financial targets. The transaction, which is expected to be completed in the fourth quarter of 2012, is expected to be immediately accretive upon close and add $0.09 to $0.11 to Thermo Fisher’s 2013 adjusted earnings per share (EPS).
Tags: Wilmer Cutler Pickering Hale and Dorr LLP