Davis Polk – Molycorp, Inc. High-Yield Senior Secured Notes Offering

Davis Polk advised Morgan Stanley & Co. LLC and Credit Suisse Securities (USA) LLC as joint lead and book-running managers for the initial purchasers on a Rule 144A/Regulation S offering by Molycorp, Inc. of $650 million aggregate principal amount of its 10% senior secured notes due 2020. The notes are senior secured obligations of Molycorp and guaranteed by certain of Molycorp’s subsidiaries. A substantial portion of the proceeds from the offering will be used, together with cash on hand, to finance the previously announced pending acquisition of Neo Material Technologies Inc., with the remaining proceeds to be used for general corporate purposes. Pending the consummation of the acquisition, the proceeds of the offering have been deposited and are being held in an escrow account for the benefit of the holders of the notes. If the acquisition is not consummated, the proceeds will be used to redeem the notes.

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Tags:  Davis Polk & Wardwell LLP | New York

Davis Polk – Momentive Performance Materials Inc. $250 Million Senior Secured Notes Offering

Davis Polk advised J.P. Morgan Securities LLC as representative of the initial purchasers on Rule 144A/Regulation S offering of “1-1/2 lien” secured notes by Momentive Performance Materials Inc. (MPM) of $250 million aggregate principal amount of 10% senior secured notes due 2020. The notes offered by MPM are guaranteed on a senior secured basis by certain of its existing and future subsidiaries.

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Tags:  Davis Polk & Wardwell LLP | New York

Locke Lord’s London Office Boosts International Insurance and Reinsurance Team with Additions of Partners Damian Cleary and Gavin Coull

International law firm Locke Lord has expanded its global insurance and reinsurance practice with the addition of two highly regarded lawyers in the insurance and reinsurance industry. Partners Damian Cleary and Gavin Coull have decades of experience in dispute and coverage-related aspects of non-marine and non-life property and casualty underwriting and claims, and the duo adds depth to the Firm’s capabilities in its well-established direct insurance and reinsurance groups.

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Tags:  Locke Lord LLP

Ogletree Deakins Adds Shareholder To Firm’s New Orleans Office

Ogletree, Deakins, Nash, Smoak & Stewart, P.C. (Ogletree Deakins), one of the nation’s largest labor and employment law firms, welcomes Andrew P. (Drew) Burnside as a shareholder to the firm’s New Orleans office. Burnside joins Ogletree Deakins from Coats, Rose, Yale, Ryman & Lee (Coats Rose) where he was a Director in the Labor and Employment Law Section of that firm’s New Orleans office. Burnside focuses his practice on employment law litigation, counseling, and training for management and supervisors. Burnside’s arrival continues the growth trend in the New Orleans office which recently welcomed Christopher Moore and Christine White. Including Moore and White, Burnside has previously worked alongside four of the lawyers in the Ogletree Deakins New Orleans office. Already in 2012, Ogletree Deakins has added shareholders to the firm’s Atlanta, Denver, Los Angeles, New Orleans, New York City, and Philadelphia offices.

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Cahill – Tekni-Plex Completes $485 Million Refinancing

Cahill represented BofA Merrill Lynch and Credit Suisse as joint book-running managers and Jefferies and Wells Fargo Securities as co-managers in the Rule 144A/Reg S offering of $485,000,000 9.75% Senior Secured Notes due 2019 by Tekni-Plex, Inc., a manufacturer of packaging products and materials. Proceeds from the offering were used to refinance existing indebtedness.

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Tags:  Cahill Gordon & Reindel LLP | New York

GrayRobinson Welcomes John Herin to Its Land Use, Environment and Government Affairs Department in Fort Lauderdale Office

John R. Herin, Jr. has joined the Fort Lauderdale office of GrayRobinson, P.A. as a shareholder in the firm’s Land Use, Environment and Government Affairs Department. With over 20 years of experience in the public sector, Herin will focus his practice on representing private and public clients in the areas of land use, zoning, administrative and environmental law.

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Tags:  GrayRobinson, P.A.