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
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
Appleby Advised EGL Tours On Its Hong Kong Listing
Appleby Advised On Cofco Land Holdings’ US$800m Notes Issuance
Appleby acted as Bermuda counsel for COFCO Land Holdings Limited (COFCO Land Holdings) and BVI counsel for Double Rosy Limited (Double Rosy) in relation to the issuance of US$800 million 3.625% guaranteed notes due 2019. Double Rosy is a wholly-owned subsidiary of COFCO Land Holdings. More >>
Tags: Appleby | Hong KongRenaissanceRe Holdings Ltd. To Acquire Platinum Underwriters for $1.9 Billion
Sealed Air Corporation Completes $850 Million Senior Notes Offering
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
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
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 | WellingtonCOFCO Land $800 Million Senior Notes Offering
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
Cahill Represents Underwriters in $1.25 Billion Public Offering by MGM Grand
Cahill represented BofA Merrill Lynch, J.P. Morgan, Citigroup, SMBC Nikko, and Morgan Stanley as joint book-running managers and the co-managers in connection with the public offering of $1,150,000,000 aggregate principal amount of 6% Senior Notes due 2023, which were issued at par, and $100,000,000 aggregate principal amount of 6% Senior Notes due 2023, which were issued at 100.75% by MGM Grand International. Proceeds were used to refinance existing indebtedness and for general corporate purposes.
Tags: Cahill Gordon & Reindel LLP | New York