Fasken Martineau, a leading international business law firm, announced today that it advised Oando Energy Resources Inc. (TSX: OER), a company focused on oil and gas exploration and production in Nigeria, in the completion of its acquisition of the Nigerian Upstream Oil and Gas Business of ConocoPhillips (NYSE: COP) for a total cash consideration of US$1.5 billion.
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DLA Piper has advised long term client Rolta India Limited on a highly successful high-yield bond offering. The Company raised US$300 million in the international capital markets, issuing 8.875% Senior Notes (the “Notes”) through its wholly owned subsidiary, Rolta Americas LLC. The offering was oversubscribed by more than eight times with an order book of over US$ 2.4 billion and demand from a high quality international investor base. Asia contributed 47% of the demand, the United States contributed 35% and European investors contributed 18%. The issuer of the bonds was a newly formed Delaware subsidiary of Rolta International Inc., Rolta’s principal international operating company.
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Cahill represented Wells Fargo Securities, BofA Merrill Lynch, J.P. Morgan, RBC Capital Markets, Fifth Third Securities, and SunTrust Robinson Humphrey as joint book running managers and the co-managers in connection with the Rule 144A offering of $600,000,000 aggregate principal amount of 5.375% Senior Notes due 2022 by Alliance Data Systems Corporation, a leading global provider of data-driven marketing and loyalty solutions serving large, consumer-based businesses in a variety of industries. Proceeds were used for general corporate purposes and to refinance existing indebtedness.
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DLA Piper represented CGI Windows & Doors Holdings, Inc. (CGI), a portfolio company of Cortec Group Fund IV, LP and a premier manufacturer of hurricane-impact-resistant windows and doors, in the sale of its business to PGT, Inc. (NYSE: PGTI), a leading manufacturer and supplier of residential impact-resistant windows and doors. The transaction is expected to close in September of 2014, subject to customary closing conditions.
Tags: DLA PiperDavis Polk advised L Brands, Inc. in connection with its $1 billion amended and restated secured revolving credit facility. This new facility replaces an existing $1 billion secured revolving credit facility, and includes a right for certain of L Brands’ non-U.S. subsidiaries to borrow and obtain letters of credit, which borrowings and letters of credit will be guaranteed by L Brands and its material U.S. subsidiaries, and a right for L Brands to increase the commitments under the facility by $500 million subject to the consent of the lenders providing such additional commitments. Under the new facility L Brands and certain of such foreign subsidiaries may borrow and obtain letters of credit in U.S. dollars and, subject to specified limitations as to the amount of each such currency, Canadian dollars and pounds sterling, and, subject to the consent of the relevant lenders, to add additional currencies and subsidiary borrowers.
Covington & Burling advised AstraZeneca on its agreement to transfer to the company the rights to Almirall’s respiratory franchise for an initial consideration of $875 million on completion, and up to $1.22 billion in development, launch, and sales-related milestones. AstraZeneca has also agreed to make various sales-related payments.
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Shearman & Sterling advised Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Bank Plc, J.P. Morgan Securities LLC and Morgan Stanley Senior Funding, Inc. as joint lead arrangers and joint bookrunners in connection with a $5 billion five-year credit facility for Abbott Laboratories. The Shearman & Sterling team included partner Maura O’Sullivan (New York-Finance), counsel Susan Hobart (New York-Finance) and associate Spencer Barrowes (New York-Finance).
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DLA Piper has advised Oando, the Nigeria-based integrated energy solutions provider, on the $1.65 billion acquisition of ConocoPhillips’ offshore and onshore assets in Nigeria and the associated reserve-based, multi-source financing.
This acquisition will make Oando one of the largest indigenous oil producers both in Nigeria and Africa as a whole.
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