Cravath represented the borrower, Qualcomm Incorporated, in connection with its $4 billion five‑year senior unsecured revolving credit facility made available by Bank of America, as agent, to be used for working capital, capital expenditures and other general corporate purposes. Qualcomm is a world leader in 3G, 4G and next‑generation wireless technologies. The transaction closed on February 18, 2015. More >>
Tags: Cravath, Swaine & Moore LLP | New York
Arnold & Porter LLP recently obtained a definitive victory on behalf of the Republic of Colombia in a US$17 billion U.S. federal court dispute originally filed in 2010 by the U.S.-based maritime salvage company Sea Search Armada (SSA). The litigation, which involved two separate federal cases, related to alleged rights to the treasure aboard a Spanish galleon, the San José, which sank more than 300 years ago off the coast of present-day Colombia. SSA claimed that it had a contractual right to salvage the vessel and to a part of the gold and silver coins and bullion aboard the ship, and assessed at US$17 billion the value of its alleged stake. More >>
Tags: Arnold & Porter Kaye Scholer LLP | Washington
Pillsbury today announced Cecily Dumas, a highly regarded bankruptcy lawyer who also handles commercial transactions and litigation, is joining the firm’s Insolvency & Restructuring practice as a partner in the San Francisco office.
Dumas is well known in the Bay Area and beyond for her representation of high-profile clients and bankruptcy trustees, as well as her frequent presentations on the latest developments in insolvency and restructuring. She has more than 25 years’ experience in bankruptcy and commercial law, most recently as lead name partner of her own firm, Dumas & Clark LLP. More >>
Tags: Pillsbury Winthrop Shaw Pittman LLP | San FranciscoPillsbury today announced the return of former partner Andrew Strong to the firm’s office in Houston, effective March 23, 2015. During Strong’s previous tenure with Pillsbury, he worked closely with many of the firm’s major energy clients on environmental issues and crisis prevention and response.
Strong left the firm in 2009, when he was selected by the Texas A&M System’s Board of Regents as its General Counsel and System Compliance Officer. As the chief legal officer, Strong was responsible for all legal matters over a $3.6 billion-per-year network that employs more than 45,000 people across more than 100 facilities, including 11 universities, seven state agencies and a health science center. More >>
Tags: Pillsbury Winthrop Shaw Pittman LLP | Houston
Winston & Strawn LLP is pleased to announce that four finance and securities attorneys have joined the firm’s New York office from Pillsbury Winthrop Shaw Pittman LLP.
The latest group to join Winston includes leveraged finance attorney Mats Carlston, who will serve as Winston’s co-chair of global finance. He has more than 20 years of experience and represents lead arrangers, agents, lenders, investors, and borrowers in domestic and cross-border financings, with an emphasis on leveraged buyouts and recapitalizations of private equity-sponsored enterprises. More >>
Tags: Winston & Strawn LLP | New York
Milbank, Tweed, Hadley & McCloy LLP has advised Japan Bank for International Cooperation (“JBIC”), Saudi Arabia’s Public Investment Fund (“PIF”) and various commercial banks/Islamic financial institutions on the US$5.2 billion expansion financing for the PetroRabigh Refining and Petrochemicals Project in Saudi Arabia. More >>
Tags: Milbank LLP | London
Hogan Lovells has advised Optimal Payments Plc on the €1.1 billion acquisition of Sentinel Topco Limited and its subsidiaries (Skrill Group) from Sentinel Group Holdings S.A, which is ultimately majority owned by funds managed and advised by CVC Capital Partners SICAV-FIS S.A. and Investcorp Technology Partners. The transformational transaction, announced today, will in part be funded by a fully underwritten rights issue raising gross proceeds of approximately £451 million and new debt facilities of €500 million. More >>
Tags: Hogan Lovells | London
Dentons advised Sumitomo Chemical on its participation in the expansion of the refining and petrochemical complex owned and operated by Rabigh Refining & Petrochemical Company (Petro Rabigh). Sumitomo Chemical is a founding shareholder of, Petro Rabigh together with Saudi Aramco. The expansion project reached financial close on 16 March 2015 and the total project cost is estimated at US$8 billion. Sumitomo Chemical’s participation will initially take the form of a US$1 billion equity bridge loan guaranteed by Sumitomo Chemical, alongside a similar loan guaranteed by Saudi Aramco. More >>
Tags: Dentons | Dubai
International law firm Smith, Gambrell & Russell, LLP (SGR) announced today that Alan S. Wachs, partner, and Kyle C. Jacobs, associate, have joined the firm’s litigation practice in its Jacksonville, Fla., office. More >>
Tags: Smith, Gambrell & Russell, LLP | Jacksonville