Simpson Thacher recently represented the Underwriters, led by Morgan Stanley & Co. LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc., Credit Agricole Securities (USA) LLC, J.P. Morgan Securities LLC and Citigroup Global Markets Inc., in a registered offering of $400,000,000 6.375% Senior Notes due 2022 by Covanta Holding Corporation.

Shearman & Sterling is advising IntercontinentalExchange, a leading operator of global over-the-counter (OTC) markets, clearing houses and regulated futures exchanges, on its launch of a new clearing facility for OTC Non-Deliverable Forward Foreign Exchange (FX) contracts. The firm has previously advised ICE on the establishment of ICE Clear Europe and ICE Clear Credit, including the development of credit default swaps (CDS) clearing, as well as on several significant acquisitions and other transactions. ICE now lists over 300 unique CDS contracts for clearing and to date has cleared over $28 trillion in gross notional for U.S. and European index and single name CDS. ICE also provides clearing services for its futures and OTC markets, including the central clearing of more than 1.5 million futures and OTC Energy contracts per day.

On March 19, Zayo Group, LLC and AboveNet, Inc. announced that their boards of directors have approved a definitive agreement under which Zayo will acquire AboveNet for approximately $2.2 billion. Willkie advised AboveNet’s Board of Directors in the transaction, as widely reported in the press. Under the terms of the agreement, each share of AboveNet common stock issued and outstanding immediately prior to the transaction will be entitled to receive $84.00 per share in cash. The combination is expected to create a leading pure-play bandwidth infrastructure provider.

In a noteworthy addition to its competition and consumer protection practices, Venable LLP announced that Leonard L. Gordon, the Federal Trade Commission’s Northeast Regional Director, has joined the firm as a partner in both in its advertising and marketing and antitrust practices.