Baker & McKenzie Client Ecolab Closes USD8.3 Billion Merger with Nalco

Friday, December 2, 2011
Longstanding Baker & McKenzie client Ecolab Inc. announced today that it has closed on its merger with Nalco Holding Company.  The closing follows the overwhelming approval of the deal by shareholders from both Ecolab and Nalco on November 30, with 99% of each company’s shareholder votes cast in favor of the merger.  Baker & McKenzie advised Ecolab in the USD8.3 billion transaction.

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Tags:  Baker McKenzie

O’Melveny Represents Standard Chartered Bank in US$300 Million Securitization Transaction

Friday, December 2, 2011
O’Melveny & Myers LLP represented client Standard Chartered Bank as arranger and various Citibank entities as note trustee (and related roles) in the US$300 million securitization of Korean Air’s US$ receivables arising from the sale of airline tickets and related services where customers pay using MasterCard or Visa cards.  The Korea Development Bank further provided a credit facility of approximately US$316 million as well as an interest rate swap.

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Tags:  O'Melveny & Myers, LLP | Hong Kong