Davis Polk advised Warner Chilcott plc on the refinancing of its existing credit facility with a new $3.25 billion credit facility, comprised of $3 billion senior-secured term loan A and B facilities and a $250 million revolving facility. In connection with the refinancing, Warner Chilcott obtained improved pricing, including reductions in interest rate margin and the LIBOR floor, extended maturities, and made certain other changes. As under the prior credit facility, the loans and other obligations under the credit facility are guaranteed and secured by the majority of Warner Chilcott’s subsidiaries located across North America and Europe.

Davis Polk advised J.P. Morgan Securities LLC, RBS Securities Inc. and The Bank of Nova Scotia as joint-lead arrangers and joint bookrunners in connection with a $1.125 billion 3-year revolving credit facility provided to National Rural Utilities Cooperative Finance Corporation (NRUCFC). The facility will be used by NRUCFC for general corporate purposes.

Latham & Watkins LLP announced today that it has opened a new office in Boston, adding six new partners and one counsel with extensive experience in the Boston market. These attorneys represent a broad array of public and private companies in the technology, clean technology and life sciences industries. Latham’s newest office, located in the John Hancock Tower, will offer clients advice on mergers and acquisitions and capital markets and other financing transactions including: leveraged recapitalizations, management buyouts, public and private mergers and acquisitions, growth equity investments, early and late stage private equity investments and securities offerings.

Ropes & Gray has represented Liberty Global Inc. in connection with the financing for its approximate €3.16 billion (US$4.48 billion) acquisition of Germany’s third-largest cable TV operator Kabel BW Erste Beteiligungs GmbH (“KBW”), from Swedish private equity group EQT Partners AB. The transaction brings together Germany’s second- and third-largest cable companies. The deal is subject to regulatory approval and is expected to close in the second half of 2011.

DLA Piper is pleased to announce the signing of an agreement with C&G Partners LLC (“C&G”) in Mongolia which will see them become a DLA Piper Focus Firm. 

King & Spalding advised United Eastern Medical Services (UEMedical), a leading Abu Dhabi-based healthcare development and investment company, on its agreement with TERNA S.A. for the construction of the Danat Al Emarat Women & Children’s Hospital in Abu Dhabi. The value of the contract is AED 440 million (US $120 million).

King & Spalding advised United Eastern Medical Services (UEMedical), a leading Abu Dhabi-based healthcare development and investment company, on its agreement with TERNA S.A. for the construction of the Danat Al Emarat Women & Children’s Hospital in Abu Dhabi. The value of the contract is AED 440 million (US $120 million).

SIXT AG and the BMW Group are planning to launch an innovative car sharing program under the brand name “DriveNow”. The car sharing program will be first launched in the city of Munich and, thereafter, in Berlin. In the coming years, the program shall be expanded into other European cities. The long-term plan is to introduce “DriveNow” also in other territories.

International law firm Pinsent Masons has advised A.F. Blakemore & Son Ltd (A.F. Blakemore), on the acquisition and associated fundraising, of fellow SPAR wholesaler Capper & Co Ltd. A.F. Blakemore will now begin the process of merging the two organisations’ SPAR wholesale and retail operations.