Davis Polk – CafePress Initial Public Offering

Davis Polk advised J.P. Morgan Securities Inc. and Jefferies & Company, Inc. as representatives of the several underwriters on the $85.5 million initial public offering of 4,500,000 shares of CafePress Inc. Of those shares, 2,500,000 shares are being sold by CafePress and 2,000,000 shares are being sold by selling stockholders. CafePress’ common stock is traded on the Nasdaq Global Select Market under the symbol “PRSS.”

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Tags:  Davis Polk & Wardwell LLP | New York

Davis Polk Advises Lloyds TSB Bank on Its $1.5 Billion Senior Notes Offering

Davis Polk advised Lloyds TSB Bank plc, a public limited company incorporated in England, on its SEC-registered offering of $1.5 billion aggregate principal amount of 4.2% senior notes due 2017, fully and unconditionally guaranteed by Lloyds Banking Group plc. Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC acted as joint bookrunners and joint lead managers; Lloyds Securities Inc. acted as joint lead manager.

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Mannheimer Swartling Advises on ECB Rescue Package and Sovereign Debt Workout for Greece

In February 2012 Greece received a USD 171.9 billion rescue package from the European Central Bank and private sector investors holding portions of the country’s sovereign debt agreed to restructure their bonds. The rescue package and debt resettlement deal came with several conditions for Greece, including an obligation for Greece to reduce its debt to approximately 120.5 percent of gross domestic product. The effort to restructure Greece’s debt represents one of the largest sovereign workouts since 1900.

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Jones Day Rapidly Expands Corporate and M&A Practice in Düsseldorf with Arrival of Five New Lawyers

The global law firm Jones Day is pleased to announce the arrival of a team of five corporate lawyers in its new office in Düsseldorf. Ulrich Brauer from Simmons & Simmons, Kerstin Mast from Bird & Bird, Ralf Recknagel from GSK, and associates Norman Kulpa and Zhaoxia Chen, both from Simmons & Simmons, will join Jones Day’s Mergers & Acquisitions Practice in Düsseldorf.

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K&L Gates Adds Pittsburgh IP Litigation Partner

The Pittsburgh office of global law firm K&L Gates LLP welcomes Andrew J. Kozusko III as a partner in its intellectual property litigation practice. Previously an associate at Kirkpatrick & Lockhart (now K&L Gates), he most recently practiced at Duane Morris LLP.

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Simpson Thacher Represents Vanguard Health Systems, Inc. in $375.0 Million Senior Notes Add-on Offering

Simpson Thacher represented Vanguard Health Systems, Inc. (“Vanguard”) in connection with the private placement offering, including registration rights for investors, of $375.0 million aggregate principal amount of 7.750% Senior Notes due 2019 issued by its wholly-owned subsidiaries, Vanguard Health Holding Company II, LLC (“VHS Holdco II”) and Vanguard Holding Company II, Inc. (together with VHS Holdco II, the “Issuers”), conducted in reliance on Rule 144A and Regulation S. The notes were issued as additional notes under an existing indenture, pursuant to which the Issuers issued $350 million aggregate principal amount of 7.750% Senior Notes due 2019 in January 2011. The Issuers intend to use the net proceeds from the offering for general corporate purposes, which may include, but not be limited to, working capital, capital expenditures, acquisitions, the repayment of any outstanding indebtedness under their existing revolving credit facility and to pay the fees and expenses incurred in connection with this offering.

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Tags:  Simpson Thacher & Bartlett LLP | New York