Shearman & Sterling Advises on Bank/Bond for Rural Metro

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.

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Tags:  Shearman & Sterling LLP

Hunton & 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.

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Tags:  Hunton Andrews Kurth 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.

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