Clayton Utz Advises Extract Resources Ltd. on $2.2B Takeover

Friday, March 2, 2012
Clayton Utz is advising ASX/TSX/NSX listed Extract Resources Limited (Extract) in connection with the $2.2 billion recommended unconditional cash offer by Taurus Mineral Limited, an entity owned by Chinese state-owned CGNPC Uranium Resources Co. and the China-Africa Development Fund.

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Tags:  Clayton Utz

Simpson Thacher Represents the Initial Purchasers in $1.5 Billion Subordinated Bonds Offering by Sumitomo Mitsui Banking Corporation

Friday, March 2, 2012
Simpson Thacher’s Tokyo office recently represented the initial purchasers, led by Barclays Bank PLC, UBS Limited, Citigroup Global Markets Limited and Goldman Sachs International in an offering of $1.5 billion 4.85% Subordinated Bonds due 2022 of Sumitomo Mitsui Banking Corporation (“SMBC”).  The offering was conducted pursuant to Regulation S.  The bonds are listed on the Singapore Stock Exchange.

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Tags:  Simpson Thacher & Bartlett LLP | Tokyo

Wragge & Co Completes International Life Sciences Deal Double

Friday, March 2, 2012
Wragge & Co’s Life Sciences team has completed two international deals in one week. In the first, the team advised the shareholders of Italian biopharmaceutical company Anabasis on the company’s acquisition by Dompé for an undisclosed sum. In the second, it advised Netherlands and Belgium-based biopharmaceutical company arGEN-X on its cross-border alliance with Ireland-headquartered Shire Pharmaceuticals.

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Tags:  Gowling WLG

Shearman & Sterling Advises on Complex Refinancing for DS Waters

Friday, March 2, 2012
Shearman & Sterling represented Credit Suisse Securities (USA) LLC, as “left” joint lead arranger and joint bookrunner and as administrative agent, in connection with a complex refinancing (and related recapitalization) for DS Waters of America, Inc (DS Waters). This financing included a $365 million first lien term loan facility and $100 million second lien term loan facility. Both term loan facilities included delayed draw term mechanics. Additionally, a complex triple-layer intercreditor structure was negotiated among the first and second lien term loan secured parties as well as with the secured parties under a separate new asset-based revolving credit facility.

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Tags:  Shearman & Sterling LLP | New York

Dewey & LeBoeuf Secures Significant Victory Clearing Path for Development of Major Marcellus Shale Pipeline

Friday, March 2, 2012
Dewey & LeBoeuf recently helped secure a significant victory in the U.S. Court of Appeals for the Second Circuit for Inergy, L.P. and its subsidiary Central New York Oil And Gas Company, L.L.C. (“CNYOG”) in an important case which clears the way for the development of the company’s $257 million Marcellus Shale pipeline project. Upon completion, the pipeline will transport natural gas produced in Pennsylvania’s Marcellus Shale, one of the nation’s largest known natural gas supply resources, to several major interstate pipelines.

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