Davis Polk Advises on Financing for Acquisition of Frac Tech Services

Davis Polk advised Merrill Lynch, Pierce, Fenner & Smith Incorporated and Citigroup Global Markets Inc. as lead arrangers and Bank of America, N.A. as administrative agent of $1.7 billion in secured credit facilities provided to an investor group comprised of, among others, Maju Investments (Mauritius) Pte Ltd, a wholly owned investment holding company of Temasek Holdings (Private) Limited, Chesapeake Energy Corporation and Senja Capital Ltd. in connection with their acquisition of Frac Tech Services, LLC.

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Tags:  Davis Polk & Wardwell LLP

Norton Rose Advises BNP Paribas, Citibank, DBS, HSBC, OCBC and SMBC on US$1.5 Billion Revolving Credit Facility

Norton Rose (Asia) LLP, the international legal practice, has advised BNP Paribas, Citibank Global Markets Singapore Pte Ltd, DBS Bank Ltd, The Hongkong and Shanghai Banking Corporation Limited, Oversea-Chinese Banking Corporation Limited and Sumitomo Mitsui Banking Corporation on a US$1.5 billion revolving credit facility for Wii Pte. Ltd, a wholly owned subsidiary of Wilmar International Limited.

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Tags:  Norton Rose Fulbright

Simpson Thacher Represents Underwriters in $400 Million Shelf Takedown of Senior Notes by ORIX Corporation

Simpson Thacher’s Tokyo office recently represented the underwriters, led by BofA Merrill Lynch, Morgan Stanley, UBS Investment Bank, Nomura and Citi in a shelf takedown of $400 million 5.00% Senior Notes due 2016 of ORIX Corporation. The notes are a further issuance of the $400 million 5.00% notes due 2016 issued by ORIX Corporation in January 2011.

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Tags:  Simpson Thacher & Bartlett LLP | Tokyo

Baker & McKenzie Advises Sinopharm on its H-Share Placement

Baker & McKenzie recently acted for Sinopharm Group Co. Ltd. (“Sinopharm”), China’s largest pharmaceutical products distributor, on its new H Share placement raising approximately HK$3.4 billion.  Sinopharm issued an aggregate of 138,056,825 H Shares at a placing price of HK$25 per H Share.  The net proceeds will be used for the expansion of Sinopharm’s pharmaceutical distribution and retail network as well as for liquidity replenishment.

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Tags:  Baker McKenzie | Shanghai

Shearman & Sterling Represents Underwriters in Two $1 Billion Medium-Term Note Offerings by BB&T Corporation

Shearman & Sterling represented BB&T Capital Markets, a division of Scott & Stringfellow, LLC, and Deutsche Bank Securities Inc. in connection with the offering by BB&T Corporation under its existing Medium-Term Note Program of $1,000,000,000 aggregate principal amount of Medium-Term Notes, Series A (Senior), consisting of $700,000,000 aggregate principal amount of 2.05% Senior Notes due 2014 and $300,000,000 aggregate principal amount of Floating Rate Senior Notes due 2014.

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Bryan Cave Represents Terex in $1.3B Public Tender Offer for Demag Cranes AG

Bryan Cave is representing Terex Corporation, a Westport, Connecticut-based international manufacturer of construction machinery and equipment, in connection with its tender offer for all of the stock of Demag Cranes AG, a German company. Bryan Cave is handling the financing of the proposed acquisition as well as antitrust and other regulatory aspects of the transaction. Freshfields Bruckaus Deringer is representing Terex on the offer and German law issues.

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Tags:  Bryan Cave Leighton Paisner LLP

Fourth Circuit Hands Novell Victory in Antitrust Suit Against Microsoft

A federal appeals court ruled today that multinational software maker Novell, Inc. (recently acquired by Attachmate Corp.) could continue to pursue an antitrust suit against Microsoft Corp. involving claims that the tech giant used illegal business tactics to undercut Novell’s office productivity applications during the 1990s.

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Linklaters Advises BlackRock on a New Precious Metals Exchange-Traded Commodities (ETC) Platform

Linklaters has advised BlackRock Advisors (UK) Limited as arranger and adviser on the establishment of a Programme under which iShares Physical Metals plc as Issuer may from time to time issue ETC Securities backed by Gold, Silver, Platinum or Palladium in physical form. Four series of ETC Securities – Gold, Silver, Platinum and Palladium – have been issued.

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Morgan Lewis Wins $577M, Including $30M in Punitive Damages, for Asahi Kasei Pharma

Late Tuesday in San Mateo County, a Morgan Lewis trial team for Asahi Kasei Pharma Corp. won $30 million in punitive damages against individual defendants, including Actelion Ltd. CEO Jean-Paul Clozel, following a protracted three-month trial resulting in a jury verdict of nearly $547 million against Swiss biopharmaceutical firm Actelion Ltd. and associated defendants last Friday.

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Tags:  Morgan, Lewis & Bockius LLP