Skadden represented the lead bookrunning managers in the $1.02 billion initial public offering of ordinary shares and listing on the New York Stock Exchange of Mobileye N.V., an Israeli company organized in the Netherlands, in the largest-ever U.S. IPO by an Israeli company.
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Vinson & Elkins advised Riverstone Holdings in an investment by its affiliate in Canadian Non-Operated Resources LP (CNOR), a newly-formed, Calgary-based oil and gas company that will pursue partnerships with top-tier operators to develop oil and gas assets in the Western Canadian Sedimentary Basin. The aggregate equity commitments to CNOR are approximately C$675 million, of which affiliates of Riverstone committed C$300 million, with the rest of the equity commitment made by a Middle Eastern sovereign wealth fund, CNOR’s management team and other strategic investors.
Höegh LNG Partners LP (NYSE: HMLP), a Marshall Islands limited partnership formed by Höegh LNG Holdings Ltd. (Oslo Børs: HLNG), completed its initial public offering of 11,040,000 common units representing limited liability company interests (including 1,040,000 common units sold pursuant to the underwriters’ option to purchase additional units) at $20.00 per unit.
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Davis Polk advised J.P. Morgan Securities LLC, Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets, Inc. and Barclays Bank PLC as joint lead arrangers and bookrunners, and JPMorgan Chase Bank, N.A. as administrative agent, in connection with a $350 million senior secured term loan credit facility provided to Tribune Publishing Company in connection with its separation from Tribune Media Company (the “Spinoff”). The proceeds of the facility were used to (i) pay a $275 million cash dividend to Tribune Media Company in connection with the Spinoff, (ii) pay fees, costs and expenses incurred in connection with the financing transactions and (iii) finance general corporate purposes of Tribune Publishing Company and its subsidiaries. Davis Polk also advised JPMorgan Chase Bank, N.A., as letter of credit issuer, in connection with a $30 million cash-collateralized letter of credit facility.
Cahill represented Credit Suisse, J.P. Morgan, Lloyds Securities, Mizuho Securities, and SunTrust Robinson Humphrey as joint book-running managers in connection with the public offering by Comcast Corporation of $2,000,000,000 of Notes, comprised of $1,000,000,000 aggregate principal amount of 3.375% Notes due 2025 and $1,000,000,000 aggregate principal amount of 4.200% Notes due 2034. Proceeds from the offering were used for general corporate purposes.
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Greenberg Glusker today announced the consummation of the historic sale of the Los Angeles Clippers basketball franchise by The Sterling Family Trust to former Microsoft CEO Steve Ballmer.
The $2 billion transaction closed earlier today after Los Angeles Superior Court Judge Michael Levanas issued his formal ruling that Shelly Sterling had properly removed her husband Donald Sterling as co-trustee of the Trust and that the sale could be completed. The ruling followed an eight day trial in July handled by a Greenberg Glusker trial team led by Pierce O’Donnell.
The Firm represented the initial purchasers, led by BMO Capital Markets Corp., Jefferies LLC and Wells Fargo Securities, LLC, as representatives of the initial purchasers of $300 million of 9.000% Senior Notes due 2022 of Warren Resources, Inc. (the “Company”). The Firm also represented Bank of Montreal, as administrative agent, in connection with the Company’s Third Amended and Restated Credit Agreement with an increased borrowing base of $225 million. The proceeds of the notes offering and borrowings under the credit facility were used to finance the acquisition of the Marcellus Assets of Citrus Energy Corporation and two additional working interest owners.
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Paragon Partners GmbH, a leading owner-managed private equity group in Munich, has instituted the next funds generation with the closing of “The Paragon Fund II GmbH & Co. KG”. In reaching EUR 412 million, the fund significantly surpassed its initial subscription target.
Tags: King & Wood Mallesons
Faegre Baker Daniels represented Hormel Foods Corporation in the $450 million purchase of CytoSport Holdings, Inc., the maker of Muscle Milk® products. Hormel entered into a definitive agreement on June 30, and the closing was announced August 12.
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Hinman, Howard & Kattell is pleased to announce the opening of our latest branch office location at 20 Warren Street, Suite 5 in Concord, New Hampshire. Our New England office is run by Donald R. Stacey, who has joined HHK as special counsel in our Corporate and Securities and General Business Representation practice groups. Mr. Stacey has many years of law firm and private business experience, including as general counsel and senior vice president for a national equipment finance company and chief operating officer and legal counsel for a software development company.
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