Simpson Thacher Represents Initial Purchasers and Lenders in Refinancing Transactions by United Surgical Partners International, Inc.

Friday, April 13, 2012
The Firm recently represented the initial purchasers, led by Barclays Capital Inc., in connection with the issuance by USPI Finance Corp. (“USPI Finance”) of $440 million aggregate principal amount of 9.000% senior notes due 2020. The notes were assumed by United Surgical Partners International, Inc. (“USPI”), an affiliate of USPI Finance. Simpson Thacher also represented J.P. Morgan Chase Bank, N.A. and the other lenders in connection with an amendment of USPI’s existing senior secured credit facility to, among other things, extend the maturity of certain of its term loans, add a new tranche of term loans and refinance the existing revolving credit facility. The amended senior secured credit facility will provide for senior secured financing of up to $958.2 million.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Dechert Represents France Telecom-Orange in Its US$3.35 Billion Tender Offer Over ECMS and the Related Transaction With Orascom Telecom Media and Technology Holding

Thursday, April 12, 2012
France Telecom-Orange (“FT”) and Orascom Telecom Media and Technology Holding S.A.E. (“OTMT”) announce that they have agreed on the final terms governing the partial sale of OTMT’s direct and indirect stakes in the Egyptian Company for Mobile Services (“ECMS”) and the parties’ continued partnership in the governance and ownership of ECMS. As of the date hereof, MobiNil for Telecommunications S.A.E. (“MobiNil”) owns 51.03% of the shares and voting rights in ECMS. FT holds 71.25% of MobiNil’s shares while OTMT holds the remaining 28.75%. In addition, OTMT directly owns 20% of the shares and voting rights in ECMS. The remaining share capital of ECMS amounting to 29% is traded with the EGX.

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Tags:  Dechert LLP