Latham & Watkins has advised PT Pertamina (Persero) in the signing of a series of Memorandum of Understanding (MOU) for the upgrade and expansion of five refinery facilities in Indonesia at an estimated cost of approximately US$25 billion. The MOUs were signed with Saudi Aramco, China Petroleum and Chemical Corp (Sinopec), and JX Nippon Oil and include the redevelopment of the Cilicap, Balongan, Plaju, Dumai and Balikpapan refineries. More >>
Tags: Latham & Watkins LLP | Singapore
International law firm Freshfields Bruckhaus Deringer has advised the joint lead managers in relation to the U.S.$750,000,000 tap issue by the Republic of Kenya of its debut issue of U.S.$500,000,000 5.875% Notes due 2019 and U.S.$1,500,000,000 6.875% Notes due 2024. More >>
Tags: Freshfields LLP | London
Cravath represented the managers, led by BofA Merrill Lynch, J.P. Morgan Securities and Wells Fargo Securities, in connection with the €700 million Regulation S debt offering of Albemarle Corporation, a leading global developer, manufacturer and marketer of highly engineered specialty chemicals across a diverse range of end markets. The notes were listed on the Irish Stock Exchange. The transaction closed on December 8, 2014. More >>
Tags: Cravath, Swaine & Moore LLP | New York
Simpson Thacher represented the underwriters, led by joint bookrunners Morgan Stanley & Co. LLC, Jefferies LLC, Piper Jaffray & Co. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, and co-manager, Wells Fargo Securities, LLC, in the initial public offering by Neff Corporation (“Neff”) of an aggregate of 10,476,190 shares of its Class A common stock. Neff also granted the underwriters a 30-day option to purchase up to an additional 1,571,428 shares of Class A common stock to cover over-allotments. The offering raised aggregate net proceeds of approximately $146 million. Neff’s Class A common stock is listed on the New York Stock Exchange under the symbol “NEFF” and opened for trading on November 21, 2014. Neff intends to use the net proceeds of the offering primarily to repay outstanding indebtedness. More >>
Tags: Simpson Thacher & Bartlett LLP | New York
Shearman & Sterling advised CGN Power Co., Ltd. (“CGN Power”), the largest nuclear power producer in China, in connection with its primary listing on the Main Board of The Stock Exchange of Hong Kong Limited and global offering with a size of approximately HK$24.5 billion (US$3.2 billion) (or HK$28.0 billion if the over-allotment option is fully exercised). More >>
Tags: Shearman & Sterling LLP | Beijing | Hong Kong | Palo Alto
Ropes & Gray advised Belden Inc. in its acquisition of Tripwire, a leading provider of advanced cybersecurity solutions, for $710 million. Based in St. Louis, Belden is a global leader in signal transmission solutions for mission-critical applications. The transaction was announced Dec. 9 and is expected to close in the first quarter of 2015, subject to customary closing conditions. More >>
Tags: Ropes & Gray LLP | New York | San Francisco
Orrick, Herrington & Sutcliffe LLP recently advised Wells Fargo Bank, National Association, as administrative agent, and Wells Fargo Securities, LLC, as lead arranger, in connection with the extension of a $140 million secured credit facility to Fortegra Financial Corporation (“Fortegra”) and its wholly-owned subsidiary, LOTS Intermediate Co. The primary purpose of the facility was to partially finance the acquisition of Fortegra by Tiptree Operating Company, LLC (“Tiptree”). The financing includes an amended and restated $140 million secured, five-year credit agreement and provides for a $50 million term loan facility and a $90 million revolving credit facility. More >>
Tags: Orrick, Herrington & Sutcliffe LLP | New York
Kirkland & Ellis LLP is pleased to announce that nationally recognized trial lawyer James F. Hurst will join the Firm’s Chicago office as a partner in the Litigation and Intellectual Property Practice Groups. Mr. Hurst brings 25 years of experience trying cases in areas ranging from antitrust to intellectual property to appeals before the U.S. Supreme Court. More >>
Tags: Kirkland & Ellis LLP | Chicago
Herbert Smith Freehills has advised Aconex Limited (Aconex) on its successful A$312.3 million initial public offering (IPO) on the Australian Securities Exchange.
Aconex is one of the world’s largest providers of ‘software as a service’ collaboration solutions for information and process management on construction and engineering projects. Aconex provides software products for the residential and commercial, government and infrastructure, and energy and resources sectors. More >>
Tags: Herbert Smith Freehills Kramer LLP | Brisbane | Melbourne | Perth | SydneyCravath represented Cox Communications, Inc. in connection with its US$1.35 billion 144A/Reg. S debt offering. Cox Communications, Inc. is a broadband communications and entertainment company, providing advanced digital video, high‑speed Internet and telephone services over its nationwide IP network to approximately six million residences and businesses. The transaction closed on December 8, 2014. More >>
Tags: New York