Kirkland & Ellis LLP is representing Taminco Corp. (NYSE:TAM), the world’s largest producer of alkylamines and alkylamine derivatives, which today announced a definitive agreement to be acquired by Eastman Chemical Company (NYSE: EMN) for $26.00 per share, for a total transaction value of approximately $2.8 billion in cash. The transaction was approved by the Taminco and Eastman boards of directors, and is expected to close in the fourth quarter of 2014 subject to a go-shop process, approvals and closing conditions. More information on the transaction is available here. More >>
Tags: Kirkland & Ellis LLP | New YorkMilbank Advises PT Adaro Indonesia on a US$1B Syndicated Loan
Milbank, Tweed, Hadley & McCloy LLP advised PT Adaro Indonesia on its US$1,000,000 loan facility from a consortium of lenders including ANZ, BTMU, CIMB, Citi, CTBC, DBS, HSBC, ING Bank, Maybank, Mizuho Bank, OCBC, SMBC, Standard Chartered Bank and UOB. The loan will be used to refinance existing indebtedness of the company. More >>
Tags: Milbank LLP | SingaporeSteel Dynamics, Inc.’s $1.2 Billion Senior Notes Offering
Shearman & Sterling represented Goldman, Sachs & Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and Deutsche Bank Securities Inc., as joint bookrunning managers, and BMO Capital Markets Corp., PNC Capital Markets LLC and RBS Securities Inc. and Wells Fargo Securities, LLC as co-managers, in connection with a Rule 144A/Regulation S offering by Steel Dynamics, Inc. (the “Company”) of $700,000,000 aggregate principal amount of 5.125% Senior Notes due 2021 and $500,000,000 aggregate principal amount of 5.500% Senior Notes due 2024. The Senior Notes are guaranteed by certain subsidiaries of the Company. The Senior Notes were issued to escrow pending the Company’s planned acquisition of Severstal Columbus, LLC. More >>
Tags: New York | WashingtonShearman & Sterling Advises Lenders on $600 Million Bridge Financing for Gasoducto Sur Peruano Pipeline Project
Shearman & Sterling acted as designated lenders’ counsel in connection with the $600 million bridge financing for Gasoducto Sur Peruano S.A.’s southern gas pipeline project in Peru. The bridge financing is expected to be taken out by a $3.8 billion project financing. This financing is expected to be one of the largest non-recourse financings in the region. More >>
Tags: Shearman & Sterling LLP | New York | San FranciscoSimpson Thacher Represents The Carlyle Group in Raising $3.9 Billion Asia Buyout Fund
Simpson Thacher represented The Carlyle Group in the establishment of its fourth fund dedicated to buyouts and other private equity investments in Asia, Carlyle Asia Partners IV, L.P. Carlyle has announced that CAP IV raised $3.9 billion of total commitments, exceeding its target. The fund is reported to be the second-largest private equity fund ever raised for Asia investments. More >>
Tags: Simpson Thacher & Bartlett LLPBaker Botts Represents Windsor Foods in $800 Million Sale to Ajinomoto
Ajinomoto Co. Inc., a Tokyo-based, worldwide leader in high-quality processed foods and seasonings and a household name in Asia , announced today that it has entered into an agreement, through its subsidiary Ajinomoto North America, Inc., to acquire Texas-based Windsor Quality Holdings LP, a leading manufacturer of ethnic frozen foods in the U.S., including brands such as Ling Ling and Josè Olè. More >>
Tags: Baker Botts L.L.P. | DallasDavis Polk Advises Morgan Stanley on $2.25 Billion Subordinated Notes Offering
Davis Polk advised Morgan Stanley in connection with its SEC-registered global offering of $2.25 billion aggregate principal amount of 4.35% subordinated notes due September 8, 2026. The underwriters for the offering were led by Morgan Stanley & Co. LLC, and included Mitsubishi UFJ Securities (USA), Inc., ABN AMRO Securities (USA) LLC, Apto Partners, LLC, Banca IMI S.p.A., BMO Capital Markets Corp., BNY Mellon Capital Markets, LLC, Commerz Markets LLC, HSBC Securities (USA) Inc., ING Financial Markets LLC, KeyBanc Capital Markets Inc., Lloyds Securities Inc., Mischler Financial Group, Inc., Natixis Securities Americas LLC, Scotia Capital (USA) Inc., SG Americas Securities, LLC, SunTrust Robinson Humphrey, Inc., TD Securities (USA) LLC and U.S. Bancorp Investments, Inc. More >>
Tags: Davis Polk & Wardwell LLP | New YorkFaegreBD Represents General Mills in Acquiring Annie’s, Inc.
Faegre Baker Daniels is representing General Mills in acquiring Annie’s, Inc., a leading producer of organic and natural food products. General Mills announced that it has entered into a definitive agreement on Sept. 8, and the transaction, with an approximate aggregate value of $820 million, is expected to close by the end of 2014. More >>
Tags: Faegre Drinker Biddle & Reath LLP | MinneapolisGibson Dunn Adds Real Estate Partner Stuart Graiwer in Los Angeles
Gibson, Dunn & Crutcher LLP is pleased to announce that Stuart Graiwer has joined the firm’s Century City office as a partner. Graiwer, formerly a partner with Stroock & Stroock & Lavan, will continue his commercial real estate practice. More >>
Tags: Gibson, Dunn & Crutcher LLP | Los AngelesGoodwin Procter Advises Investor Consortium in Rakuten’s $1 Billion Acquisition of Ebates
Goodwin attorneys recently advised an investor consortium in connection with Rakuten Inc.’s announced $1 billion cash acquisition of retail website Ebates. The investor group, which together owns a substantial majority of Ebates, includes August Capital, Canaan Partners and Foundation Capital. The transaction is expected to close in October 2014. More >>
Tags: Goodwin Procter LLP | Tokyo