Simpson Thacher Represents Initial Purchasers in $918 Million Senior Secured Notes Offering by Realogy

Simpson Thacher recently represented the initial purchasers, led by J.P. Morgan Securities LLC, Barclay’s Capital Inc., Credit Suisse Securities (USA) LLC and Goldman, Sachs & Co. in connection with a Rule 144A/Regulation S private offering of $593 million aggregate principal amount of 7.625% Senior Secured First Lien Notes due 2020 and $325 million aggregate principal amount of 9.000% Senior Secured Notes due 2020 by Realogy Corporation (“Realogy”). The Senior Secured First Lien Notes are secured on a pari passu basis with Realogy’s first lien borrowings under its credit facility and the Senior Secured Notes are secured on a first and a half lien basis pari passu with Realogy’s existing senior secured notes due 2019. The Notes are guaranteed on a senior secured basis by Domus Intermediate Holdings Corp., Realogy’s parent, and each domestic subsidiary of Realogy that is a guarantor under its senior secured credit facility and certain of its outstanding debt securities. The Notes are also guaranteed by Domus Holdings Corp., Realogy’s indirect parent, on an unsecured senior subordinated basis. Realogy used the proceeds from the offering to prepay certain of its term loan borrowings and repay certain of its outstanding revolver borrowings both under its senior secured credit facility.

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Tags:  Simpson Thacher & Bartlett LLP

Davis Polk – IBM $2.5 Billion Notes Offering

Davis Polk advised Credit Suisse Securities (USA) LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Mizuho Securities USA Inc., Morgan Stanley & Co. LLC, RBC Capital Markets, LLC and Wells Fargo Securities, LLC as underwriters in connection with a public offering by International Business Machines Corporation of $1.5 billion principal amount of its 0.55% notes due 2015 and $1 billion principal amount of its 1.25% notes due 2017.

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Tags:  Davis Polk & Wardwell LLP | New York

Squire Sanders Expands Public Finance Practice

Squire Sanders is expanding its West Coast and national public finance practices with the addition of Robyn L. Helmlinger as a partner in Northern California, resident in its San Francisco office.  Ms. Helmlinger is a health care and school finance lawyer with extensive bond, disclosure and underwriter counsel experience.  Her work involves many of the largest, most active and prominent West Coast health care systems, most of the national, and several regional, investment banking firms, and several notable public education clients.  She joins Squire Sanders from Sidley Austin LLP.

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Miller & Chevalier Adds James I. Warren and Alexander Zakupowsky, Jr. to the Firm’s Tax Department

Miller & Chevalier Chartered today announced that James I. Warren and Alexander Zakupowsky, Jr. have joined the Tax Department as Members. They come to the firm from Winston & Strawn, where they were partners in that firm’s Tax and Energy and Utilities practices. Warren is nationally recognized for his experience in the areas of federal taxation of utilities and tax accounting, and Zakupowsky has a national reputation in the areas of tax accounting, transfer pricing and the taxation of utilities.

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Richardson & Patel Expands in to Private Equity

In a significant move towards increasing the power and depth of its Corporate Practice, Richardson & Patel LLP announced that Marc Jones, whose experience includes representing private equity and venture capital firms, has joined the firm as Partner in its Los Angeles office to launch and lead a new Private Equity Practice.

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Tags:  Los Angeles