Shearman & Sterling Advises on Refinancing Transactions for Arch Coal

Shearman & Sterling advised Bank of America, N.A. as term loan administrative agent and Merrill Lynch, Pierce, Fenner & Smith Incorporated, PNC Capital Markets LLC, Morgan Stanley Senior Funding, Inc., Citigroup Global Markets Inc., RBS Securities Inc., BMO Capital Markets Corp. and Union Bank of California, N.A. as joint lead arrangers and joint bookrunners in connection with a $1.4 billion senior secured term loan for Arch Coal, Inc. (the “Company”).

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Shearman & Sterling Advises Lecta S.A. on Corporate Reorganization and €670 Million Refinancing

Shearman & Sterling advised Lecta S.A., a CVC portfolio company, on its reorganisation and its refinancing, comprising a high yield bond issuance of €390 million Floating Rate Senior Secured Notes due 2018 and €200 million 8⅞% Senior Secured Notes due 2019 and a new €80 million Revolving Credit Facility. As part of the refinancing, Lecta S.A. settled an exchange for its previously outstanding Senior Secured Floating Rate Notes due 2014, of which €340,654,000 was tendered in exchange for new Floating Rate Senior Secured Notes due 2018. The transaction involved a significant corporate reorganization of the Lecta group to rationalize the group structure.

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DLA Piper Represents Appleton Papers in US$675 Million Business Combination with Hicks Acquisition Company II

DLA Piper today announced that it has represented Appleton Papers in a US$675 million business combination with Hicks Acquisition Company II. Appleton is a leading manufacturer of specialty high value-added coated paper products and a provider of proprietary encapsulation applications. Hicks Acquisition Company II is a special purpose acquisition company founded and headed by Thomas O. Hicks with US$149.3 million of cash in trust.

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