Shearman & Sterling represented E.CL S.A., a Chilean power company, in connection with its Rule 144A/Regulation S offering of US$400 million aggregate principal amount of its 5.625% Notes due 2021. E.CL is engaged in the generation, transmission and supply of electricity and the distribution and transportation of natural gas in the north of Chile, as well as the transportation of natural gas in Argentina. E.CL will use the net proceeds of this offering to repay outstanding loans and for general corporate purposes.

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Kaye Scholer represented long-time client J.W. Childs Associates, BAML Capital Partners and Advantage Sales & Marketing in connection with the sale of Advantage Sales & Marketing to Apax Partners for $1.8 billion. Advantage Sales & Marketing is a leading sales and marketing agency in the U.S., providing outsourced sales, marketing and merchandising services to manufacturers, suppliers and producers of consumer packaged goods.

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Dechert LLP has announced that it advised a committee of bondholders in connection with the financial restructuring of the Little Traverse Bay Bands of Odawa Indians (LTBBOI). An exchange offer to holders of the tribe’s $122 million 10.25% Senior Notes due 2014, which was launched October 26, 2010, has closed and became effective on November 30. The transaction, which is the first known restructuring of a Native American casino debt, will result in the exchange of $122 million of existing Senior Notes and related unpaid accrued interest for $23 million cash and $40 million in new 9.0% Senior Secured Notes due 2020.

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The international law firm Milbank, Tweed, Hadley & McCloy, LLP, led by Global Project Finance partner Allan Marks, represented the institutional lenders in the private placement of approximately $143 million of Pass-Through Certificates for the leveraged lease financing of the Hatchet Ridge Wind Farm, a 101.2 MW-rated wind-powered electricity generation facility located in Shasta County, California. The Hatchet Ridge project, which started commercial operation this month, is the only large-scale wind project to become operational in California in 2010. The Hatchet Ridge wind farm was developed by an indirect, wholly-owned subsidiary of San Francisco-based Pattern Energy Group. Additionally, a separate team at Milbank represented Crédit Agricole Corporate and Investment Bank as letter of credit issuer.

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The Firm represented the underwriters, led by Citigroup Global Markets Inc. and J.P. Morgan Securities LLC, in connection with a registered public offering of $250 million of 4.250% Notes due 2018 by Snap-on Incorporated.

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Shearman & Sterling represented the Province of Ontario in connection with Ontario’s public offering of US$1,250,000,000 of its 3.150% Bonds due December 15, 2017 (the “Bonds”). Application will be made to the United Kingdom Financial Services Authority for the Bonds to be admitted to the Official List of the UK Listing Authority and to the London Stock Exchange plc for the Bonds to be admitted to trading on the LSE.

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International legal practice Norton Rose LLP has advised Energees Investments, the principal holding company of the Smart Holding Group, one of the largest Ukrainian based holding companies, on its public takeover offer for AIM-listed Regal Petroleum plc.

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Davis Polk & Wardwell LLP advised CIGNA Corporation on an SEC-registered debt shelf takedown of $250 million aggregate principal amount of its 4.375% senior notes due 2020. Barclays Capital Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC and Deutsche Bank Securities Inc. acted as representatives of the several underwriters for the offering.

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Arent Fox LLP announced today that the US Court of Appeals for the Federal Circuit has reversed a lower court decision and ordered the federal government to pay Arizona ranchers for property it has taken from them.

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Chadbourne & Parke represented Abound Solar Manufacturing, LLC in connection with a $400 million loan guarantee from the U.S. Department of Energy. The guarantee, which supports financing for two manufacturing plants in Indiana and Colorado for state-of-the-art thin-film solar panels, was the fifth guarantee to be issued by the Department of Energy in its Loan Guarantee Program for renewable and innovative energy projects. At full capacity, the project will produce 840 megawatts of thin-film solar panels a year, utilizing innovative production techniques.

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