Shearman & Sterling Advises on Financing of Mexico’s New Airport

Thursday, October 30, 2014

Shearman & Sterling advised Banco Inbursa, S.A., Institución de Banca Múltiple, Grupo Financiero Inbursa, BBVA Bancomer, S.A., Institución de Banca Múltiple, Grupo Financiero BBVA Bancomer, Citigroup Global Markets Inc. and HSBC Bank USA, N.A., as joint lead arrangers and joint bookrunners, in connection with a $1 billion financing, the first stage of the proposed $12.9 billion financing, related to the development and construction of a new airport in Mexico City, a project described as Mexico’s biggest infrastructure project in recent years and among the largest in the world. More >>

Tags:  Shearman & Sterling LLP | New York

Lundin Mining Closes $1 Billion Offering of Senior Secured Notes

Thursday, October 30, 2014

Paul, Weiss client Lundin Mining Corporation, a Canadian base metals mining company, closed an offering of $1 billion of senior secured notes in two tranches: $550 million of 7.5% senior secured notes due 2020 and $450 million of 7.875% senior secured notes due 2022. The offering was made pursuant to Rule 144A and outside the United States pursuant to Regulation S. Merrill Lynch, Pierce, Fenner & Smith Incorporated and Scotia Capital (USA) Inc. acted as joint bookrunning managers for the offering. The net proceeds from the offering, along with proceeds from a Cdn$674 million equity financing and the sale of a stream on Candelaria’s and Ojos del Salado’s gold and silver production, will be used to fund the company’s acquisition of Freeport-McMoRan Inc.’s 80 percent ownership stake in the Candelaria and Ojos del Salado copper mining operations in Chile. More >>

Tags:  New York | Toronto

Foley Hoag Team Represents Alere on Pending $600 Million Sale of Alere Health to Optum

Thursday, October 30, 2014

A Foley Hoag LLP legal team is serving as lead counsel to Waltham-based medical diagnostics company Alere Inc. (NYSE: ALR) on the pending $600 million sale of its Alere Health division to healthcare company Optum, the firm announced today.

Foley Hoag represented Alere in the structuring and negotiation of the definitive agreements for the transaction and related matters. Covington Associates is serving as financial advisor. The closing is subject to regulatory approvals and other customary closing conditions. More >>

Tags:  Foley Hoag LLP | New York

Baker Botts Represents Evercore as Financial Advisor to Special Committee in Western Gas Partners’ $1.5 Billion Acquisition of Nuevo Midstream

Thursday, October 30, 2014

Western Gas Partners, LP (NYSE: WES) (“WES” or the “Partnership”) announced that it agreed to acquire Nuevo Midstream, LLC (“Nuevo”), a leading Delaware Basin gas gatherer and processor, for $1.5 billion. The Partnership expects the acquisition will close in the fourth quarter of 2014, subject to regulatory approval and customary closing conditions. More >>

Tags:  Baker Botts L.L.P. | Houston

Squire Patton Boggs Peña Prieto Gamundi Advises Dominican Power Partners in Connection with US$260 Million Syndicated Credit Facility

Wednesday, October 29, 2014

Squire Patton Boggs Peña Prieto Gamundi, the Santo Domingo, Dominican Republic office of Squire Patton Boggs (US) LLP, acted as special Dominican counsel for Dominican Power Partners (DPP) in connection with the closing of a syndicated credit facility for an aggregate principal amount of up to US$260 million. DDP is the first investment in the Dominican Republic for AES Corporation, one of the largest private investors in the electrical sector in the Dominican Republic. More >>

Tags:  Squire Patton Boggs

K&L Gates Represents Underwriters in $220 Million Initial Public Offering of Forward Pharma A/S

Wednesday, October 29, 2014

Global law firm K&L Gates LLP represented the underwriters in connection with the $220 million initial public offering of Forward Pharma A/S, a biopharmaceutical company working to advance a proprietary formulation of dimethyl fumarate for the treatment of multiple sclerosis and other immune disorders such as psoriasis. Forward Pharma issued 10.5 million American Depositary Shares (ADSs), representing the company’s ordinary shares at a price to the public of $21 per ADS. The ADSs now trade on the NASDAQ Global Select Market under the ticker symbol “FWP”. More >>

Tags:  K&L Gates LLP | Orange County