Dechert Advises on Two Major Debt Capital Markets Transactions in Kazakhstan

Monday, December 1, 2014

Dechert’s emerging markets team has advised on another two important capital markets transactions involving Kazakhstan issuers.

Dechert advised KazMunaiGaz Finance Sub B.V. (“KMG Finance”) and JSC National Company KazMunayGas (“KMG”), the largest oil & gas company in Kazakhstan, on the update of the US$10,500,000,000 Global Medium Term Note Programme established by KMG Finance and KMG and the issuances by KMG of US$500,000,000 4.875% Notes due 2025 (Series 8) and US$1,000,000,000 6.00% Notes due 2044 (Series 9) under the Programme. More >>

Tags:  Dechert LLP | Almaty | London

Chadbourne Represents Lenders on US$4 Billion Financing for Train Two of the Freeport LNG Liquefaction Project

Monday, December 1, 2014

Chadbourne & Parke represented the lenders on the US$4.025 billion financing of Train Two of the Freeport LNG liquefaction and export project at Quintana Island near Freeport, Texas. The Freeport LNG liquefaction project is an approximately US$11 billion project, making it the largest fully non-recourse construction financing project ever. More >>

Tags:  Los Angeles | New York | Washington

Bracewell Represents Kinder Morgan, Inc. in Closing of KMP, KMR and EPB Acquisition for Approximately $76 Billion in Transaction Value

Monday, December 1, 2014

Bracewell & Giuliani LLP is representing Kinder Morgan, Inc. (NYSE: KMI) in connection with the completion of its acquisition of the outstanding equity securities of Kinder Morgan Energy Partners, L.P. (NYSE: KMP), Kinder Morgan Management, LLC (NYSE: KMR), and El Paso Pipeline Partners, L.P. (NYSE: EPB) for approximately $76 billion in total transaction value. The transaction was initially announced on August 10, 2014. More >>

Tags:  Bracewell LLP | Houston

Sealed Air Corporation Completes $850 Million Senior Notes Offering

Tuesday, November 25, 2014

The Firm recently represented Sealed Air Corporation (“Sealed Air”) in its offering of $425 million aggregate principal amount of 4.875% Senior Notes due 2022 and $425 million aggregate principal amount of 5.125% Senior Notes due 2024. Sealed Air is using the net proceeds from the offering to repurchase all of its outstanding 8.125% Senior Notes due 2019, to pay related premiums, fees and expenses and for general corporate purposes. The notes are guaranteed by certain of Sealed Air’s wholly-owned domestic subsidiaries. The offering was conducted in reliance on Rule 144A and Regulation S. More >>

Tags:  New York

Orrick Advises SunEdison and TerraForm on $2.4 Billion Acquisition of First Wind

Tuesday, November 25, 2014

Orrick, Herrington & Sutcliffe LLP acted as M&A counsel for long-time client SunEdison, Inc. (“SunEdison”) and its yieldco, TerraForm Power, Inc. (“Terraform”), in the acquisition of First Wind Holdings, LLC (“First Wind”), a leading developer, owner and operator of U.S. wind and solar energy projects, for approximately $2.4 billion, with a $1.9 billion upfront payment and an up to $510 million earn-out. The transaction marks SunEdison’s entry into the U.S. wind energy sector, building on its position as a leading global solar energy developer. More >>

Tags:  Orrick, Herrington & Sutcliffe LLP | New York | San Francisco

Gilbert + Tobin advises Orica on $750 million sale of Chemicals business

Tuesday, November 25, 2014

The multi-jurisdiction sale includes the Chemicals trading businesses in Australia, New Zealand and Latin America, the Australian Chloralkali manufacturing business and Bronson & Jacobs, a supplier to the food & nutrition as well as health & personal care industries. The transaction is subject to approval from the Australian Foreign Investment Review Board and New Zealand Overseas Investment Office and is expected to close in the first quarter of 2015. More >>

Tags:  Gilbert, LLP | Wellington

COFCO Land $800 Million Senior Notes Offering

Tuesday, November 25, 2014

Davis Polk advised COFCO Land Holdings Limited and COFCO (Hong Kong) Limited in connection with the Regulation S offering by Double Rosy Limited, a wholly owned subsidiary of COFCO Land Holdings Limited, of its $800 million 3.625% senior notes due 2019. The notes are supported by a keepwell deed and a deed of equity interest purchase undertaking from COFCO (Hong Kong) Limited. The proceeds from this offering will be used for general corporate purposes and to on-lend to COFCO Land Holdings Limited for partial payment of the consideration in relation to its proposed acquisition of a target group, which is primarily engaged in the development, operation, sale, leasing and management of mixed-use complexes under the flagship brand “Joy City” in China. More >>

Tags:  Hong Kong