International law firm Eversheds has worked with the World Bank in advising the Government of Mauritania on entering into an agreement with SNIM and Kinross, to form a project company to build a 350 MW gas-to-power plant in Mauritania. The project, which is estimated to cost around $700 Million, is expected to begin commercial production in 2014.
Tags: Eversheds Sutherland
On July 17, Lennar Corporation announced the pricing of a Rule 144A offering of $350 million principal amount of its 4.75% Senior Notes due 2017 to initial purchasers.
Tags: Willkie Farr & Gallagher LLP
Phelps Dunbar LLP announces that Patrick A. Talley, Jr. has joined the firm’s New Orleans office as a partner. Formerly with Frilot L.L.C. where he was a partner and practice section leader, Mr. Talley brings more than 25 years of experience in railroad, energy and environmental law as well as commercial litigation to his practice at Phelps Dunbar.
Tags: Phelps Dunbar LLP
Davis Polk is advising Metalmark Capital in connection with the acquisition of a controlling interest in Maxum Petroleum, Inc. by Pilot Flying J for cash and Pilot Flying J’s contribution of Western Petroleum into Maxum Petroleum. Current investors in Maxum Petroleum, including Maxum management, Metalmark and Waud Capital Partners, will receive cash and will also re-invest in the new venture. The transaction is subject to customary closing conditions, including expiration or early termination of the waiting period under the Hart-Scott-Rodino Act.
Tags: Davis Polk & Wardwell LLP | New YorkDavis Polk advised Sumitomo Mitsui Banking Corporation in connection with its $3 billion senior debt offering in reliance on the Section 3(a)(2) exemption of the Securities Act. The offering consisted of $1 billion of 1.35% senior bonds due 2015, $1.25 billion of 1.8% senior bonds due 2017 and $750 million of 3.2% senior bonds due 2022, each guaranteed by Sumitomo Mitsui Banking Corporation’s New York branch. The joint lead managers for the offering were Goldman, Sachs & Co., Citigroup Global Markets Inc., Barclays Bank PLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated. SMBC Nikko Securities served as international offering coordinator.
Tags: Davis Polk & Wardwell LLP | Tokyo
A cross-practice team of lawyers from King & Spalding has successfully advised GE Capital Corporation, as joint lead arranger and administrative agent, on the financing of Snow Phipps Group’s acquisition of LTI Flexible Products, Inc. from Sentinel Capital Partners. Terms of the deal, which was announced July 19, were not disclosed.
Tags: King & Spalding LLP | New York
Fasken Martineau, a leading international business law and litigation firm, has boosted its public and construction law expertise in Paris by recruiting Bruno Richard. He has joined the firm as a partner along with associate Betty Viau.
Tags: Fasken Martineau DuMoulin LLP
Donald W. Hawthorne, a Partner with Axinn, Veltrop & Harkrider LLP (“AVH”), one of the country’s leading antitrust, IP and litigation law firms, represented Syncora Guarantee Inc. in a $375 million settlement with Bank of America Corp. (“BofA”). Syncora also was represented by lawyers at Debevoise & Plimpton.
Tags: Axinn, Veltrop & Harkrider LLP | New York
The firm is representing Genesee & Wyoming Inc. (NYSE:GWR) in connection with its acquisition of RailAmerica, Inc. (NYSE:RA) for $27.50 per share in cash. The transaction is valued at approximately $1.4 billion, excluding RailAmerica’s outstanding debt. The transaction, which is subject to approval or authorization of the Surface Transportation Board and other customary closing conditions, is expected to close in the fourth quarter of 2012.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher recently represented Blackstone Healthcare Partners in connection with its investment in NantPharma, LLC. The transaction signed and closed on July 20, 2012.
Tags: Simpson Thacher & Bartlett LLP | New York