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 Represents Underwriters in $2 Billion Public Offering by Comcast
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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Sterling Family Trust Completes $2 Billion Sale of Los Angeles Clippers to Steve Ballmer
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.
Simpson Thacher Represents the Initial Purchasers and Lenders in Financing Transactions Related to the Acquisition of the Marcellus Assets of Citrus Energy Corporation by Warren Resources, Inc.
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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King & Wood Mallesons SJ Berwin advises Paragon Partners on closing of Paragon Partners Fund II
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
FaegreBD Represents Hormel Foods in Acquiring Muscle Milk
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 Opens Concord, New Hampshire Branch Office Location
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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Herbert Smith Freehills advises Brightoil on US$1.1 billion acquisition of China offshore blocks
Herbert Smith Freehills is pleased to announce that the firm has taken the lead in advising Hong Kong-based and-listed energy and resources company Brightoil Petroleum (Holdings) Limited on its successful US$1.1 billion cash acquisition of Kerr-McGee China Petroleum Ltd., the China unit of Texas-based Anadarko Petroleum Corporation, one of the world’s biggest independent exploration and production companies.
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Appleby advised Yuexiu on US$200 million Notes Issuance
Cooley Advises Underwriters on HealthEquity’s $146.5 Million IPO
Cooley LLP announced today that it advised the underwriters on HealthEquity, Inc.’s $146.5 million initial public offering. HealthEquity is a leader and innovator in the high growth category of technology-enabled services platforms that empower consumers to make health care saving and spending decisions. The company now trades on The NASDAQ Global Stock Market under the symbol “HQY.”
Tags: Cooley LLP