Hunton & Williams LLP advised Barclays Capital Inc., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as joint-booking running managers on an SEC registered offering by Xcel Energy Inc. (“Xcel”) of $250 million aggregate principal amount of senior notes due 2017 and $250 million aggregate principal amount of senior notes due 2025. More >>
Tags: Hunton Andrews Kurth LLP | New YorkPaul, Weiss represented The Wendy’s Company in connection with its $2.275 billion whole business securitization of its franchise system. Wendy’s Funding, LLC issued securitization notes, rated BBB by Standard & Poor’s Rating Services, which, among other things, enabled the company to refinance its existing debt and return cash to shareholders. Guggenheim Securities acted as representative of the several initial purchasers of the notes. Notable legal issues of interest included structuring around covenants associated with existing debentures that were left outstanding, the contribution to the securitization entities of all domestic and international, excluding Canada, franchise assets, certain company-operated restaurant assets, over 600 owned real properties and substantially all worldwide intellectual property and drafting disclosure related to the foregoing.
The Paul, Weiss team included financing partners Valerie Radwaner and Jordan Yarett; securities partners Brian Janson and John Kennedy and counsel Phil Heimowitz; intellectual property counsel Claudine Meredith-Goujon; employee benefits partner Lawrence Witdorchic; tax partners Richard Bronstein and Jeffrey Samuels and counsel Alyssa Wolpin; bankruptcy partner Alice Eaton; and real estate partner Peter Fisch.
Tags: New York
Kramer Levin Naftalis & Frankel LLP announced today that David S. Berg has joined the firm as a partner in the Corporate Department.
Mr. Berg focuses his practice on corporate and financial transactions, particularly mergers and acquisitions, divestitures, venture capital, private equity, private investment funds, joint ventures and other financing transactions for a wide variety of industries such as aviation, biotech, media, telecom, and forest and paper products. He has significant experience representing both sellers and buyers in domestic and cross-border transactions as well as distressed and special situation investments. He was formerly a partner in Arnold & Porter LLP’s Corporate and Securities Practice. More >>
Tags: Kramer Levin Naftalis & Frankel LLP | New York
Brian J. Paul—an experienced and accomplished appellate lawyer—has joined Faegre Baker Daniels’ litigation team in Indianapolis.
A graduate of Vanderbilt Law School, Paul has worked on dozens of state and federal appeals. His cases have run the gamut. He has briefed and argued everything from weighty abstract constitutional issues to concrete dollars-and-cents commercial issues and any number of issues in-between. The clients he has served have run the gamut too. While he has argued cases on behalf of Fortune 500 companies in a variety of different industries, he has also represented family-owned businesses and individual shareholders; state and local governmental entities; colleges and universities; non-profit organizations; trustees, guardians and estate representatives; employee benefit plans, plan sponsors, and third-party administrators; hospitals and medical practices; doctors and lawyers; trade associations; and criminal defendants. More >>
Tags: Faegre Drinker Biddle & Reath LLP | Indianapolis
The global law firm Jones Day has announced that four partners, one of counsel, and a team of associates are joining the Firm in its Mexico City Office. Luis Rubio Barnetche joins as a partner in the Government Regulation Practice, together with partners Bertha Alicia Ordaz Avilés and Octavio Lecona Morales. José Antonio Vázquez Cobo joins as a partner in the Global Disputes Practice with Matias Osvaldo Bietti as of counsel. All arrive from the Mexico City office of Greenberg Traurig LLP and bring a team of associates with them. More >>
Tags: Jones Day | Mexico CityDavis Polk advised the administrative agent, in connection with $1.6 billion senior secured credit facilities for Black Knight InfoServ, LLC, comprised of an $800 million term loan A facility, a $400 million term loan B facility and a $400 million revolving credit facility. The facilities are guaranteed by substantially all of Black Knight’s wholly owned domestic restricted subsidiaries and Black Knight Financial Services, LLC, the direct parent company of Black Knight, and are secured by substantially all of Black Knight’s assets and the assets of the guarantors. The facilities were entered into in connection with the initial public offering by Black Knight Financial Services, Inc., the indirect parent company of Black Knight, and the proceeds were used in part to repay certain outstanding debt and for general corporate purposes. More >>
Tags: New York | Washington
International law firm Freshfields Bruckhaus Deringer has advised Hutchison Whampoa Limited (Hutchison) on its merger with CK Hutchison Holdings Limited (CKH Holdings) and Cheung Kong Property Holdings Limited (CK Property) on its spin-off and listing on the Hong Kong Stock Exchange by way of introduction. More >>
Tags: Freshfields LLP
Kirkland & Ellis LLP represents Building Materials Holding Corporation (BMC), which along with Stock Building Supply Holdings, Inc. (NASDAQ: STCK), announced today the signing of a definitive merger agreement under which the two companies will combine in an all-stock transaction. The combined company is expected to have an implied pro forma enterprise value of $1.5 billion based on Stock Building Supply’s closing price on June 2. The transaction will create a premier provider of lumber, diversified building products and construction services with over $2.7 billion in pro forma 2014 revenues and enhanced product and service offerings. More >>
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Loeb & Loeb LLP announced today that leading land use and development attorney Allan J. Abshez has joined the firm’s Los Angeles office as a partner, together with Elizabeth A. Camacho, who has joined as senior counsel. Abshez, who was named by the Daily Journal as one of California’s Top 50 Development, Land Use, and Municipal Infrastructure Lawyers in 2014, will serve as chair of Loeb’s Los Angeles Real Estate Department.
“Allan is one of the foremost authorities on California’s development law,” said Loeb & Loeb Deputy Chairman Mickey Mayerson. “His decision to join the firm validates our strategic commitment to further strengthening our west coast real estate platform with top-tier talent and reflects our strong reputation in the L.A. market. Allan and Elizabeth bring significant knowledge and experience that will broaden our service offering to an array of clients whose work constitutes some of the most noteworthy real estate ventures in the country.” More >>
Tags: Loeb & Loeb LLP | Los AngelesLoeb & Loeb LLP announced today that attorney Christopher L. Barbaruolo has joined the firm’s New York office as a partner in the Real Estate Department.
“Chris is a dynamic attorney with remarkable breadth of experience across all areas of transactional real estate,” said Raymond A. Sanseverino, Chair of Loeb & Loeb’s Real Estate Department. “His skillset will be an excellent complement to our finance, sales and acquisitions, and leasing teams in New York and nationwide, further enhancing the sophisticated level of service that we provide to clients throughout the deal making process.” More >>
Tags: Loeb & Loeb LLP | New York