Milbank, Tweed, Hadley & McCloy LLP advised Japan’s Sumitomo Mitsui Banking Corp. (SMBC) in providing a $200 million loan to leading Brazilian soybean producer Amaggi Commodities, a transaction insured by the Japanese export credit agency Nippon Export and Investment Insurance (NEXI). SMBC acted as Lender, Mandated Lead Arranger, Administrative Agent, Collateral Agent, and NEXI Agent.
Tags: Milbank LLP | New York
Skadden is advising Classified Ventures LLC, including the selling members, in connection with the definitive agreement to sell their entire stake in the company to Gannett Co., Inc. for a price that values Classified Ventures at $2.5 billion, announced August 5.
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Willkie client Level 3 Communications, Inc. announced that Level 3 Escrow II, Inc., its indirect, wholly owned subsidiary, has agreed to sell $1 billion aggregate principal amount of its 5.375% Senior Notes due 2022 in a Rule 144A offering to qualified institutional buyers. In June Level 3, represented by Willkie, announced its $7.3 billion acquisition of tw telecom. The net proceeds from the notes offering will be used to finance the cash portion of the merger and to refinance certain existing indebtedness of tw telecom inc.
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Paul, Weiss client NorthStar Realty Finance Corp. and Griffin-American Healthcare REIT II, Inc. announced that the boards of directors of both companies have unanimously approved a definitive merger agreement under which NorthStar Realty will acquire all of the outstanding shares of Griffin-American in a stock and cash transaction valued at $4 billion, including approximately $600 million of debt, establishing NorthStar Realty as a leading investor in the healthcare real estate sector.
Paul Hastings, a leading global law firm, announced today that the firm represented J.P. Morgan Securities plc, Credit Suisse Securities (Europe) Limited, UBS AG, Hong Kong Branch, BNP Paribas, Hong Kong Branch, CLSA Limited and China Merchants Securities (HK) Co., Limited in connection with the Regulation S offering of US$350 million of 10.25% senior notes due 2019 by Future Land, a leading Chinese property developer focused on developing quality residential and mixed-use projects.
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Davis Polk advised JPMorgan Chase Bank, N.A., as administrative agent, and Barclays Bank PLC, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Goldman Sachs Bank USA, JPMorgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley Senior Funding, Inc., as joint lead arrangers and joint bookrunners, and BNP Paribas Securities Corp., The Bank of Tokyo-Mitsubishi UFJ, Ltd., HSBC Bank USA, National Association, Mizuho Bank, Ltd., RBC Capital Markets, RBS Securities Inc., Santander Bank, N.A., Societe Generale, Sumitomo Mitsui Banking Corporation, Credit Agricole Corporate and Investment Bank, Fifth Third Bank, Banco Bilbao Vizcaya Argentaria, S.A., ING Bank NV, Intesa San Paolo and Commerzbank AG, New York and Grand Cayman Branches, as co-lead arrangers, in connection with an $8 billion five-year senior unsecured term loan facility provided to Synchrony Financial (“Synchrony”). The proceeds of the facility will be used to refinance Synchrony’s existing indebtedness and for working capital and general corporate purposes.
Herbert Smith Freehills has advised Fotowatio Renewable Ventures (FRV) on its new solar farm at Moree in northern New South Wales, which is the first merchant financed project ever undertaken in Australia.
Tags: Herbert Smith Freehills LLPHunton & Williams LLP advised the underwriters in connection with the sale of $243,850,000 Louisiana Local Government Environmental Facilities and Community Development Authority System Restoration Bonds (Louisiana Utilities Restoration Corporation Project/ELL) Series 2014 (Federally Taxable) and $71,000,000 Louisiana Local Government Environmental Facilities and Community Development Authority System Restoration Bonds (Louisiana Utilities Restoration Corporation Project/EGSL) Series 2014 (Federally Taxable).
Milbank, Tweed, Hadley & McCloy LLP represented a group of international banks as initial purchasers in the $1.1 billion bond offering by leading Chilean natural gas provider GNL Quintero S.A.
Tags: Milbank LLP | New York
VTTI Energy Partners LP (NYSE: VTTI), a Marshall Islands limited partnership, completed its initial public offering of 20,125,000 common units (including 2,625,000 common units pursuant to the underwriters’ option to purchase additional common units). The common units were sold by VTTI MLP Partners B.V., a wholly-owned subsidiary of VTTI B.V.
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