Paul Hastings LLP, a leading global law firm, announced today that it recently represented Credivalores-Crediservicios, S.A.S. in connection with its establishment of a Euro Commercial Paper Program for issuance of up to US$150 million of Euro commercial paper. Credivalores completed its first issuance under the program shortly after the program was established.
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Paul, Weiss client KPS Capital Partners, LP announced that it has signed a definitive agreement, through an affiliate, to sell portfolio company Waupaca Foundry, Inc. to Hitachi Metals, Ltd. for $1.3 billion in cash. Completion of the transaction, which is expected to close during the fourth quarter, is subject to customary closing conditions.
Simpson Thacher recently represented Catalent, Inc., a portfolio company of The Blackstone Group L.P., in connection with its initial public offering of 42,500,000 shares of common stock at a public offering price of $20.50 per share. Catalent’s common stock began trading on the New York Stock Exchange under the ticker symbol “CTLT” on July 31, 2014. The underwriting syndicate was led by Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC. The offering raised approximately $871 million in gross proceeds. Catalent expects to use the net proceeds of the IPO to repay outstanding indebtedness.
Tags: Simpson Thacher & Bartlett LLP
Shearman & Sterling advised the initial purchaser, Jefferies LLC, as sole book running manager, in connection with the private placement by Brundage-Bone Concrete Pumping, Inc. (“Brundage-Bone”) of $140 million aggregate principal amount of its 10.375% Senior Secured Notes due 2021. The net proceeds from the notes offering will be used to finance a portion of the consideration for the acquisition of Brundage-Bone by Concrete Pumping Intermediate Holdings, LLC, an indirect wholly owned subsidiary of PGP Investors, LLC, the sponsor, including the repayment of all existing indebtedness of Brundage-Bone.
Tags: Shearman & Sterling LLP
Transaction includes transfer of 29.9 million shares of Star Bulk common stock, and a $231 million secured bridge loan facility.
Tags: Willkie Farr & Gallagher LLP
Kirkland & Ellis LLP represents Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY), which announced today it has signed a definitive agreement with International Rectifier Corporation (NYSE: IRF), under which Infineon will acquire International Rectifier for US$40 per share in an all-cash transaction valued at approximately US$3.0 billion. The closing of the transaction is subject to regulatory approvals in various jurisdictions and customary closing conditions, as well as approval of International Rectifier stockholders. The transaction is expected to close late in the calendar year 2014 or early in the calendar year 2015 subject to regulatory approval.
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Akin Gump advised The Laclede Group, Inc. on the closing of a $625 million senior note offering. Laclede issued and sold $250 million aggregate principal amount of its floating rate senior notes due 2017, $125 million aggregate principal amount of its 2.55 percent senior notes due 2019 and $250 million aggregate principal amount of its 4.70 percent senior notes due 2044 in an underwritten public offering.
Tags: Akin Gump Strauss Hauer & Feld LLP | New York
Herbert Smith Freehills has advised China Telecom Global in relation to its role in a consortium which has agreed to build and operate a new Trans-Pacific submarine telecommunications cable worth approximately US$300 million.
Tags: Herbert Smith Freehills LLPCravath represented CBS Corporation in connection with its US$1.75 billion registered senior debt offering. The transaction closed on August 19, 2014.
