Paul, Weiss client Canadian Natural Resources Limited, a Canadian energy company, completed a public offering in the United States of $1.2 billion of debt securities in two tranches: $600 million of 1.750% notes due 2018 and $600 million of 3.900% notes due 2025. The joint bookrunning managers were Citigroup Global Markets Inc., Barclays Capital Inc., J.P. Morgan Securities LLC, Mitsubishi UFJ Securities (USA), Inc. and RBS Securities Inc. More >>
Tags: Foley & Lardner LLP | New York
Goodwin Procter attorneys recently advised Royalty Pharma in a $3.3 billion acquisition of the Cystic Fibrosis Foundation’s royalties on Vertex Pharmaceuticals’ cystic fibrosis treatments, the largest pharmaceutical royalty purchase ever completed. Funds will be used to expand cystic fibrosis research, care and service programs. More >>
Tags: Goodwin Procter LLP | Boston | San Francisco
Cravath represented the underwriters, led by J.P. Morgan Securities, BofA Merrill Lynch and Wells Fargo Securities, in connection with the US$120 million registered secondary offering of class A common stock of Premier, Inc., a leading healthcare improvement company. The shares were listed on the NASDAQ Global Select Market. The transaction closed on November 19, 2014. More >>
Tags: Cravath, Swaine & Moore LLP | New York
Clifford Chance is advising DP World Limited (DP World) on the proposed acquisition of Economic Zones World FZE (EZW) from Port and Free Zone World FZE (PFZW) for total cash consideration of US$2.6 billion, subject to certain adjustments, and its proposed delisting from the London Stock Exchange.
EZW is the holding company for the Jebel Ali Free Zone, a 57 square kilometre modern commercial and industrial logistics park adjacent to DP World’s flagship Jebel Ali port in Dubai. The free zone is considered an integral component of the supply chain for DP World’s customers at the Jebel Ali port. More >>
Tags: Clifford Chance LLP | London
Ashurst has advised export credit agencies Japan Bank for International Cooperation (‘JBIC’), Korea Ex-Im Bank (‘KEXIM’), Nippon Export and Investment Insurance (‘NEXI’) and the commercial banks on the US$2.8 billion financing for the Donggi-Senoro LNG project in Indonesia, which signed on 14 November.
The lenders included JBIC, KEXIM, Mizuho Corporate Bank, Bank of Tokyo Mitsubishi, Sumitomo Mitsui Banking Corporation, Korea Exchange Bank and NongHyup Bank. More >>
Tags: Ashurst | Hong Kong
Weil’s Antitrust team is representing Actavis in its just announced acquisition of Allergan, a transaction valued at $66 billion. More >>
Tags: Weil, Gotshal & Manges, LLP | Washington
Global law firm White & Case LLP has advised a large group of lenders including ING Bank NV, Crédit Agricole Corporate and Investment Bank and other mandated lead arrangers, and Bank of America Merrill Lynch as Facility Agent, on a new US$1.55 billion revolving credit facility provided to MOL Group. More >>
Tags: White & Case LLP | Budapest | Prague
Herbert Smith Freehills has advised Huaneng Power International Inc., one of China’s largest listed power producers, on its acquisition of equity interests in ten power plants in China for a total consideration of US$1.19 billion.
Beijing-based Huaneng Power is the listed unit of the mainland’s largest power producer, China Huaneng Group. The company is mainly engaged in developing, constructing, operating and managing large-scale power plants throughout China. More >>
Tags: Herbert Smith Freehills Kramer LLP | Beijing | Hong Kong
Law firm Eversheds has acted as international counsel to Chemtura on the sale of its agrochemicals business Chemtura AgroSolutions, to Platform Specialty Products Corporation, a global specialty chemicals company. The sale consists of $950 million in cash and 2 million shares of Platform’s common stock.
The sale, which is a result of Chemtura’s objective to transform the business into a leading industrial chemicals specialist, completed on 3 November 2014. More >>
Tags: Eversheds Sutherland | London