Leading global law firm Mayer Brown represented Wilmington Trust, National Association as trustee and Wilmington Trust (London) Limited as security agent in connection with the issuance by TES Finance plc of £200,000,000 aggregate principal amount of 6.75% senior secured notes due 2020 and £100,000,000 aggregate principal amount of senior secured floating rate notes due 2020.
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New Century Bancorp and Select Bancorp jointly reported receipt of regulatory approval from both the Federal Deposit Insurance Corp. and the North Carolina State Banking Commission for the merger of the two subsidiary banks.
In its release on July 10, the Company said that the merger was previously approved by the boards of directors of both companies and it was reported on May 27, that shareholders of both companies also had approved the merger.
Tags: Williams Mullen
Allen & Overy has advised Iceland Foods on its GBP950 million high yield bond, the largest sterling denominated high yield bond issuance of 2014.
A cross-practice, multi-office Dentons team advised Fresenius Medical Care, a Germany-based global health care company, in its US$600 million acquisition of a majority of the equity interests in Sound Inpatient Physicians Inc., one of the leading providers of hospitalist physician services in the United States.
Tags: DentonsPaul, Weiss client Autocam Corporation announced that it has entered into a definitive agreement to be acquired by NN, Inc., a Tennessee-based manufacturer and supplier of high precision metal bearing components and industrial plastic and rubber products, for $244.5 million in cash, $25 million in stock and the assumption of $30.5 million in debt. Headquartered in Grand Rapids, Michigan, Autocam has been a leader in the engineering, manufacture and assembly of complex components for fuel systems, engines and transmissions, and power steering and electric motors. Autocam employs over 2,100 employees and has operations in 15 facilities in the U.S., Europe, South America and Asia.
Shearman & Sterling has advised Ardagh Packaging Finance plc and Ardagh Holdings USA Inc. (the “Issuers”) on their tender offers (the “Offers”) for their €1,085 million First Priority Senior Secured Notes due 2017 and $860 million First Priority Senior Secured Notes due 2017 (the “Notes”). The Offers were launched on June 23, 2014 and settled on July 23, 2014 (with an early settlement for the Offers on July 8, 2014). The firm also advised Ardagh Packaging Finance plc and Ardagh Holdings USA Inc. on the subsequent redemption of the remaining outstanding Notes and the satisfaction and discharge of the indenture governing the Notes.
Tags: Shearman & Sterling LLP