Simpson Thacher Represents the Republic of Peru in Sovereign Bonds Re-Openings

Monday, February 20, 2012
The Firm recently represented the Republic of Peru in connection with its re-opening in simultaneous transactions of two series of sovereign bonds. The first re-opening totaling US$500 million related to the Republic’s SEC-registered 5.625% dollar-denominated global bonds due 2050 issued in 2010 in an aggregate principal amount of US$1 billion. Citibank and Deutsche Bank were underwriters for the transaction.

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Tags:  Simpson Thacher & Bartlett LLP | Sao Paulo

Sutherland Expands State and Local Tax Practice; Grows Sacramento Office

Friday, February 17, 2012
Sutherland Asbill & Brennan LLP is pleased to announce that Carley Roberts and Prentiss Willson, nationally recognized for their leadership in California and multistate tax matters, have joined the firm’s State and Local Tax Practice (SALT) in Sacramento. Ms. Roberts (a partner as of February 9) and Mr. Willson (of counsel, effective March 1) are joining Sutherland’s other Sacramento-based lawyers – former CalTax Vice President and General Counsel Michele Pielsticker and leading property tax adviser Doug Mo, both of whom joined Sutherland SALT last year.

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Tags:  Eversheds Sutherland

Milbank Represents the Government of Canada in $3 Billion Public Offering of 0.875% United States Dollar Bonds Due 2017

Friday, February 17, 2012
International law firm Milbank, Tweed, Hadley & McCloy LLP, led by Global Securities partner Robert W. Mullen, Jr., acted as US counsel in a $3 billion offering by the Government of Canada of its 0.875% United States Dollar Bonds due in 2017.  The bonds were purchased by a group of twelve underwriters, for whom Merrill Lynch, Pierce, Fenner & Smith Incorporated, Deutsche Bank Securities Inc., HSBC Securities (USA) Inc. and RBC Capital Markets, LLC acted as representatives.  The offering raised net proceeds of approximately $2.99 billion.

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Tags:  Milbank LLP | New York

Simpson Thacher Represents Initial Purchasers in $600 Million Senior Notes Offering by The ServiceMaster Company

Friday, February 17, 2012
The Firm recently represented the initial purchasers, led by J.P. Morgan, in the offering of $500 million of 8% Senior Notes due 2020 (the “Notes”) and the add-on offering of $100 million of Notes by The ServiceMaster Company pursuant to Rule 144A and Regulation S.  The net proceeds of the offering are being used to redeem a portion of ServiceMaster’s 10.75% / 11.50% Senior Toggle Notes due 2015.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Simpson Thacher Represents HCA in $1.35 Billion High Yield Debt Offering

Friday, February 17, 2012
Simpson Thacher recently represented HCA Inc. in its high yield offering of $1.35 billion aggregate principal amount of 5.875% Senior Secured Notes due 2022.  HCA intends to use the net proceeds for general corporate purposes, which may include the repayment, redemption or repurchase of its existing indebtedness and/or the financing of a special cash dividend to shareholders.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Duane Morris Boca Raton Office Adds Wealth Planning Partner Michael H. Leeds

Friday, February 17, 2012
Duane Morris is pleased to announce that Michael H. Leeds has joined the firm’s Wealth Planning Practice Group as a partner in its Boca Raton office. Leeds’ arrival further bolsters Duane Morris’ wealth planning practice in South Florida. Last month, associate Angela Klemack joined the Boca Raton office, also in the Wealth Planning Practice Group. Leeds joins Duane Morris from Blank Rome LLP.

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Tags:  Duane Morris LLP