Global law firm White & Case LLP has advised the Khalifa Fund for Enterprise Development (KFED) in negotiations with the Government of Egypt to extend a US$200 million loan facility to support micro entrepreneurial projects in Egypt through the Social Fund for Development. More >>
Tags: White & Case LLP | Abu Dhabi | Dubai
Willkie client Level 3 Communications, Inc. completed its $600 million Rule 144A offering of aggregate principal amount of its 5.75% Senior Notes due 2022 to qualified institutional buyers. Based in Bloomfield, Colorado, Level 3 is a Fortune 500 company that provides local, national and global communications services to enterprise, government and carrier customers. More >>
Tags: Willkie Farr & Gallagher LLP | New YorkThe Firm is representing Blackstone Real Estate Partners VI and VII in connection with the sale of its wholly-owned U.S. industrial platform, IndCor Properties (“IndCor”), to affiliates of GIC, Singapore’s sovereign wealth fund, for $8.1 billion. IndCor owns and operates a portfolio of 117 million square feet of high-quality industrial properties in key markets throughout the United States. IndCor’s assets are principally located in desirable in-fill industrial markets, which benefit from proximity to key domestic and global transportation hubs, major logistics and warehouse/distribution networks, as well as large population concentrations. Over the past several years, the Firm has represented Blackstone and IndCor in more than 15 separate transactions as IndCor grew to be one of the largest industrial real estate companies in the United States. The transaction is expected to close in the first quarter of 2015. More >>
Tags: New York
McGuireWoods advised Tesoro Logistics LP in completing its $2.5 billion acquisition of QEP Resources Inc.’s natural gas pipeline and processing business. The deal, which was announced in October, is the latest in a series of major asset acquisitions McGuireWoods has negotiated for the Fortune 100 energy company. More >>
Tags: McGuireWoods LLP | Houston
Davis Polk advised Israel Chemicals Ltd. in connection with a Rule 144A/Regulation S offering of $800 million aggregate principal amount of its 4.500% senior notes due 2024. Barclays Capital Inc., Citigroup Global Markets Inc. and HSBC Securities (USA) Inc. acted as joint book-running managers for the offering. More >>
Tags: Davis Polk & Wardwell LLP | London | New York | Sao Paulo
Herbert Smith Freehills has advised Virgin Australia Holdings Limited, Australia’s second largest airline group, on its US$300 Rule 144A/Regulation S issue of Senior Notes due 2019 (the “Notes”), which completed on 21 November 2014. The issue represents Virgin Australia’s debut issue of unsecured notes in the international debt capital markets. More >>
Tags: Herbert Smith Freehills Kramer LLP | Brisbane | Melbourne | Perth | Sydney
On November 26, 2014, an affiliate of The Energy & Minerals Group, LP (“EMG”) closed on its $460 million equity commitment to American Energy Minerals Holdings, LLC (“AEMN”), an affiliate of American Energy Partners, LP, representing a 92% interest in AEMN. AEMN was formed to pursue a business plan focused on the acquisition of minerals and overriding royalty interests (“ORRIs”) across targeted high-return onshore basins in the United States. An aggregate of $350 million was funded at the initial closing, which will be used to acquire 28,000 net mineral acres and 29,000 acres of ORRIs across the Utica, Marcellus, Woodford and Permian Basin plays as well as to provide AEMN with initial working capital. More >>
Tags: Baker Botts L.L.P. | Austin | HoustonThe Firm represented La Quinta Holdings Inc. in connection with a $460 million secondary offering, consisting of 23,000,000 shares of common stock (including 3,000,000 shares sold pursuant to the underwriters’ full exercise of their option to purchase additional shares) at a public offering price of $20.00 per share. More >>
Tags: New York
Shearman & Sterling advised the underwriters of Cardinal Health, Inc.’s public offering of $450,000,000 2.400% Notes due 2019, $400,000,000 3.500% Notes due 2024, and $350,000,000 4.500% Notes due 2044. Deutsche Bank Securities Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC. acted as joint bookrunning managers for the offering. More >>
Tags: Shearman & Sterling LLP | New York
Mayer Brown, a leading global law firm, represented the Texas Department of Transportation (TxDOT) in a competitive procurement for and structuring of a public-private partnership (PPP) for the design, construction, financing, operation and maintenance of Texas SH 183 managed lanes project, located in the Dallas/Ft. Worth area. More >>
Tags: Mayer Brown LLP | Chicago