Shearman & Sterling advised Citigroup Global Markets Inc. as lead arranger and bookrunner in connection with a $500 million debtor-in-possession and exit financing for Houghton Mifflin Harcourt Publishers Inc. and certain of its affiliates (the “Company”). The financing, consisting of a secured term loan facility and an asset-based revolving credit facility, was in conjunction with a pre-arranged bankruptcy filing of the Company that resulted in confirmation of the Company’s plan of reorganization and emergence from chapter 11 in just over 30 days.

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Continuing the expansion of its global disputes practice, King & Spalding has added partners Henry G. (“Harry”) Burnett and James E. Berger in its New York office.

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Davis Polk advised Credit Suisse AG, Cayman Islands Branch as administrative agent and joint lead arranger of a $250 million term loan facility provided to NCI Building Systems, Inc. in connection with its acquisition of Metl-Span LLC. The term loan is secured on a crossing first-lien/second-lien basis with NCI Building System’s existing $150 million asset-based revolving credit facility. Proceeds from the term loan were used to finance acquisition costs.

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Reed Smith LLP today announced the addition of Edward H. Shapiro as a partner in the firm’s New York office, joining Reed Smith’s growing Music Industry Practice.

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The Firm represented affiliates of Blackstone Real Estate Partners VII in connection with its $770 million purchase from DEXUS Property Group, an Australian public company, of a portfolio of 68 industrial assets in the United States. The 68 assets are comprised of more than 120 buildings in 10 states, totaling over 16.5 million square feet of rentable area. The transaction is the largest single industrial real estate portfolio sale in the United States in 2012.

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