International law firm Freshfields Bruckhaus Deringer has advised The Royal Bank of Scotland on a novel refinancing solution for UK based holiday provider Center Parcs that has blended a whole business securitisation (“WBS”) with a high-yield bond, allowing Center Parcs to refinance its existing debt structure whilst in addition raising a development finance loan to fund the development of Center Parcs’ new holiday village at Woburn.
Tags: Freshfields LLP Simpson Thacher Represents Underwriters in $284 Million Offering of Common Stock by SBA Communications Corporation
The Firm represented Citigroup Global Markets Inc. and J.P. Morgan Securities LLC as underwriters in an offering of 6,005,000 shares of Class A common stock by SBA Communications Corporation (“SBA”), resulting in gross proceeds to SBA of approximately $284 million. SBA anticipates using the net proceeds from the offering (i) to redeem pursuant to the terms of the applicable indentures, $131.25 million in aggregate principal amount of its 8% senior notes due 2016 and $131.25 million in aggregate principal amount of its 8.25% senior notes due 2019 and to pay the applicable premium for the redemption and (ii) for working capital purposes. The offering closed on March 13, 2012.
Tags: Simpson Thacher & Bartlett LLP Simmons & Simmons Continues to Expand in China with Two New Partner Hires
International law firm Simmons & Simmons has continued its expansion in China with the appointment of an employment partner and a corporate partner.
Tags: Simmons & Simmons | Hong Kong Global Energy and Projects Leader Stephen D. Davis Joins Akin Gump
Akin Gump Strauss Hauer & Feld LLP is pleased to announce that Stephen D. Davis has joined the firm’s Houston office as a partner in its energy and global transactions practice. Previously, Mr. Davis was a partner in the Houston office of Vinson & Elkins LLP, where he was a founding member of its worldwide project finance and development practice and former managing partner of its first Asian office.
Tags: Akin Gump Strauss Hauer & Feld LLP | HoustonKirkland & Ellis Represents Tudou in Merger with Youku
Kirkland & Ellis represented Tudou Holdings Limited (NASDAQ: TUDO) in a deal announced yesterday that combines the top two players in China’s burgeoning online video market. Tudou and Youku Inc. (NYSE: YOKU) signed a definitive agreement to combine in a 100 percent stock-for-stock transaction, expected to be completed by the third quarter of 2012, pending customary closing conditions and shareholder approvals. Upon completion, Youku and Tudou shareholders will own approximately 71.5 percent and 28.5 percent of the combined company, respectively. The combined company will be named Youku Tudou Inc., and Youku’s American depositary shares (ADSs) will continue to be listed on the NYSE under the symbol “YOKU”.
Tags: Kirkland & Ellis LLP | Hong Kong John Cobb Joins Weil’s Finance Practice
International law firm Weil, Gotshal & Manges LLP today announced that John H. Cobb has joined the firm as a partner in its Capital Markets group in its New York office.
Tags: Weil, Gotshal & Manges, LLP | New York Norton Rose Advises China Daye Non-Ferrous Metals on Reverse Takeover
International legal practice Norton Rose Hong Kong has advised China Daye Non-Ferrous Metals Mining Limited, a company listed on the Hong Kong Stock Exchange, on the acquisition of four copper mines in China from an entity ultimately controlled by the Hubei Provincial Government for a total consideration of around US$900 million, which was satisfied by the issue of new shares and convertible notes.
Tags: Norton Rose Fulbright | Hong Kong Loeb & Loeb Expands Corporate Department in Los Angeles
Loeb & Loeb LLP announced today that Chelsea A. Grayson has joined the firm’s Los Angeles office as a partner in the Corporate Department. She was previously a partner in the Mergers and Acquisitions Practice Group at Jones Day in Los Angeles.
Tags: Loeb & Loeb LLP | Los Angeles 








