Shearman & Sterling represented RBC Capital Markets as sole lead arranger and sole bookrunner of a $355 million amended and restated senior secured guaranteed credit facility for Rural Metro, which refinanced the company’s existing senior secured credit facility. The new credit facility is comprised of a $270 million six-year term loan and an $85 million five-year revolving credit facility. In connection with Rural Metro’s refinancing, the firm also represented RBC Capital Markets as dealer manager in a tender offer and consent solicitation for Rural Metro’s outstanding 12 3/4% Senior Discount Notes due 2016.
Tags: Shearman & Sterling LLPPinsent Masons Advises Sovereign on the Acquisition of The IMS Group
International law firm Pinsent Masons has advised Sovereign Capital (Sovereign), the UK private equity Buy & Build specialist, on the acquisition of The IMS Group (IMS), a leading provider of consulting and integrated business support to the wholesale asset management and securities industry.
Tags: Pinsent Masons LLPShearman & Sterling Advises Oerlikon on Acquisition of hartec
Shearman & Sterling is advising the Swiss OC Oerlikon Management AG (Oerlikon) on the takeover of German hartec Anlagenbau GmbH (hartec) by Oerlikon Balzers. The future subsidiary will operate under the name of Oerlikon Balzers hartec GmbH.
Tags: Shearman & Sterling LLPHunton & Williams LLP Represents DTE Energy Services in Acquisition of Mt. Poso Cogeneration Company
Hunton & Williams LLP recently represented DTE Energy Services (DTEES) in acquiring a significant interest in the Mt. Poso Cogeneration Company power plant near Bakersfield, California. DTEES will operate the plant and co-lead its conversion into a 100 percent renewable power source, primarily running on wood fuel derived from urban wood waste, tree trimmings and agricultural residues. Following the conversion, the plant will provide power to Pacific Gas & Elec¬tric Co. under a long-term renewable power purchase agreement, helping the California utility achieve the state’s 33 percent renewable power requirement.
Tags: Hunton Andrews Kurth LLPGoodwin Procter Counsels Aegerion On IPO
Goodwin Procter client Aegerion Pharmaceuticals recently completed an initial public offering of its common stock (NASDAQ: AEGR). Aegerion raised net proceeds of approximately $48.8 million in the offering.
Tags: Goodwin Procter LLPShearman Advises on $3.25 Billion Dual-Tranche Loan for Pemex
Shearman & Sterling advised the joint bookrunners and joint lead arrangers in a $2 billion term loan and a $1.25 billion revolving credit facility for Petróleos Mexicanos (Pemex).
Tags: Shearman & Sterling LLPFreshfields Advises Alcatel Lucent on €500 Million Offering of Senior Notes
International law firm Freshfields Bruckhaus Deringer has advised Alcatel Lucent on its high yield debt offering of €500 million in principal amount of 8.50% Senior Notes.
Tags: Freshfields LLPMilberg LLP Announces the Filing of Shareholder Class Actions To Stop J. Crew Group, Inc.’s Buyout
The law firm of Milberg LLP announces that cases were filed in Delaware Court of Chancery and New York Supreme Court in Manhattan, challenging actions taken by the board of directors of J. Crew Group, Inc. (“J. Crew”) under state law. These cases were not filed by Milberg LLP.
Amscan Holdings $675 Million Term Loan Credit Facility
Davis Polk advised Credit Suisse Securities (USA) LLC and Goldman Sachs Lending Partners LLC as joint lead arrangers, Credit Suisse Securities (USA) LLC, Goldman Sachs Lending Partners LLC, Barclays Capital, Deutsche Bank Securities Inc. and Wells Fargo Securities, LLC as joint bookrunners, and Credit Suisse AG as administrative agent and collateral agent, in connection with a $675 million senior secured term loan credit facility provided to Amscan Holdings, Inc. The obligations under the credit facility are guaranteed by AAH Holdings Corporation and all domestic subsidiaries of Amscan Holdings, Inc. and secured by substantially all of the assets of Amscan Holdings, Inc. and the guarantors.
Simpson Thacher Represents ClubCorp Club Operations, Inc. in $415 Million Offering of Senior Notes
The Firm represented ClubCorp Club Operations, Inc. (“ClubCorp”) in connection with its Rule 144A and Regulation S offering of $415 million aggregate principal amount of 10% Senior Notes due 2018. Concurrently with the closing of the offering, ClubCorp entered into new senior secured credit facilities.
Tags: Simpson Thacher & Bartlett LLP