Constangy, Brooks & Smith Announces New Madison, Wisconsin Office

National labor and employment law firm Constangy, Brooks & Smith, LLP is expanding its presence with the addition of a Madison, Wisconsin office.  This is the firm’s 23rd office and its fourth new office since 2009.  Madison is the firm’s second new office this year; Constangy’s Dallas office opened in January. The Madison office is headed by partner Mark P. Tilkens, and joining him as partners are Daniel D. Barker and Elizabeth Erickson Pevehouse.  Also joining the office is Tony H. McGrath as an associate.

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Tags:  Constangy, Brooks, Smith & Prophete LLP

Simpson Thacher to Launch Hong Kong Law Practice; Announces Addition of Preeminent Practitioners Celia Lam and Christopher Wong

Simpson Thacher & Bartlett LLP announced today that it will launch a Hong Kong law practice later this year and that Celia Lam and Christopher Wong will join the Firm as partners in Hong Kong once the Firm has completed the necessary regulatory measures in connection with the launch of the Hong Kong practice.  Ms. Lam will join Simpson Thacher from the Hong Kong office of Linklaters, where she has served as a partner.  Mr. Wong will join from the Hong Kong office of Freshfields Bruckhaus Deringer, where he has served as a partner.

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Tags:  Simpson Thacher & Bartlett LLP | Hong Kong

Goodwin Procter Leads Successful Restructuring of Highland Debt for Prudential

Goodwin Procter advised institutional investors in a fund advised by Prudential Real Estate Investors and Ashford Hospitality Trust on a consensual foreclosure and the successful restructuring of approximately $1.3 billion of debt related to the Highland Hospitality portfolio previously owned by JER Partners. Highland’s assets consisted of 28 properties under the Hilton, Marriott, Renaissance, Sheraton and Westin brands. Prior to the restructuring, the Highland portfolio included $700 million of mortgage debt and another $1.1 billion of mezzanine debt separated into eight tranches.

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Tags:  Goodwin Procter LLP

Davis Polk – Grupo Bimbo, S.A.B. de C.V. $1.3 Billion Term Loan Credit Facility

Davis Polk advised Bank of America, N.A. as administrative agent, HSBC Securities (USA) Inc. and ING Capital LLC as documentation agents, and HSBC Securities (USA) Inc., ING Capital LLC, BBVA Securities Inc., Merrill Lynch, Pierce, Fenner & Smith, Banco Santander (México), S.A. Institución de Banca Múltiple, Grupo Financiero Santander, Citigroup Global Markets Inc. and The Bank of Tokyo-Mitsubishi UFJ, Ltd. New York Branch as joint lead arrangers in connection with a $1.3 billion unsecured term loan credit facility provided to Grupo Bimbo, S.A.B de C.V. The obligations of the borrower under the credit facility are guaranteed by certain of the borrower’s Mexican and U.S. subsidiaries. The proceeds of the credit facility will be used for general corporate purposes. 

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Tags:  Davis Polk & Wardwell LLP