Freshfields advises on Yașar’s $250m bond issue

Wednesday, November 12, 2014

Leading international law firm Freshfields Bruckhaus Deringer has advised on Yașar’s $250m bond issue. The Yașar group is one of Turkey’s leading producers of food and beverage products and coatings products.

The bond is a senior, unsecured, Rule 144A / Reg S issue, guaranteed by certain group operating companies, with an annual coupon of 8.875% and maturing in 2020. The bond has been rated B2 by Moody’s and B by Fitch and is listed on the Luxembourg Euro MTF Market. More >>

Tags:  Freshfields LLP | Ankara

Greenberg Traurig’s Austin Office Expands with Five New Attorneys

Wednesday, November 12, 2014

Continuing its strategic growth in Texas, the international law firm Greenberg Traurig LLP has added a top-tier team of five attorneys and one director across various practice areas including real estate, energy regulatory, corporate & securities and government law & policy to its Austin office. The team, whose experience further enhances the firm’s highly regarded multi-practice capabilities, includes shareholders Joshua Bernstein, Todd Kimbrough and Elizabeth Rogers along with associates William Teten, Jr. and Katie Van Dyk. Rounding out the group is Government Law & Policy senior director, Dr. Jennifer McEwan. More >>

Tags:  Greenberg Traurig, LLP | Austin

AT&T to Acquire Mexican Wireless Provider Iusacell for $2.5 billion

Tuesday, November 11, 2014

AT&T announced it has entered into an agreement with Paul, Weiss client Grupo Salinas to acquire Mexican wireless company Iusacell for $2.5 billion, inclusive of Iusacell’s debt. Under the terms of the agreement, AT&T will acquire all of Iusacell’s wireless properties, including licenses, network assets, retail stores and approximately 8.6 million subscribers. The acquisition will occur after Grupo Salinas, owner of 50 percent of Iusacell, closes its announced purchase of the 50 percent of Iusacell that it does not already own. Subject to customary closing conditions and regulatory approval, the transaction is expected to close in the first quarter of 2015. More >>

Tags:  New York | Washington

Hilton Worldwide Completes $2.6 Billion Secondary Offering

Tuesday, November 11, 2014

The Firm represented Hilton Worldwide Holdings Inc. in connection with a $2.6 billion secondary offering, consisting of 103,500,000 shares of common stock (including 13,500,000 shares sold pursuant to the underwriters’ full exercise of their option to purchase additional shares) at a public offering price of $25.00 per share. More >>

Tags:  New York

Simpson Thacher Advises the Underwriters on Apple’s €2.8 Billion Euro-Denominated Bond Offering

Tuesday, November 11, 2014

Simpson Thacher represented the underwriters, led by Goldman, Sachs & Co. and Deutsche Bank AG, London Branch, in connection with Apple Inc.’s first registered public offering of euro-denominated notes. Apple Inc. offered €1.4 billion aggregate principal amount of 1.000% notes due 2022 and €1.4 billion aggregate principal amount of 1.625% notes due 2026. The notes will be listed on the New York Stock Exchange. The net proceeds from the offering will be used for general corporate purposes, including repurchases of common stock and payment of dividends under Apple Inc.’s program to return capital to shareholders, funding for working capital, capital expenditures, acquisitions and repayment of short-term debt. More >>

Tags:  Simpson Thacher & Bartlett LLP | Palo Alto

Kirkland & Ellis LLP Represents Wynnchurch Capital in Raising $1.2 Billion Fund

Tuesday, November 11, 2014

Kirkland & Ellis LLP represented Wynnchurch Capital in the raising of its fourth private equity fund, Wynnchurch Capital Partners IV, L.P., which announced its final closing at $1.2 billion of limited partner commitments. The fund, which had a target of $900 million, was oversubscribed, resulting in the fund reaching its hard cap closing relatively quickly after its initial launch in September 2014. More >>

Tags:  Kirkland & Ellis LLP | Chicago | Houston | Los Angeles | New York | Palo Alto | San Francisco | Washington

Cahill Represents Initial Purchasers in $900 Million Notes Offering by Fresenius Medical Care

Tuesday, November 11, 2014

Cahill represented Wells Fargo Securities, Citigroup, Deutsche Bank Securities, Scotiabank, HSBC, and SunTrust Robinson Humphrey as joint book-running managers and the co-managers in connection with the Rule 144A offering of $900,000,000 Senior Notes, comprised of $500,000,000 aggregate principal amount of 4.125% Senior Notes due 2020, and $400,000,000 aggregate principal amount of 4.75% Senior Notes due 2024 by Fresenius Medical Care US Finance II, Inc. Proceeds from the offering were used to refinance existing indebtedness and for general corporate purposes.

Tags:  Cahill Gordon & Reindel LLP | London | New York

Blackbird Technologies Acquired by Raytheon for $420 Million

Tuesday, November 11, 2014

Cooley advised Blackbird Technologies, Inc. in its acquisition by Raytheon for $420 million. Blackbird is a technology solutions provider solving challenges for customers in the defense, intelligence and law enforcement communities. Raytheon is a technology and innovation leader specializing in defense, security and civil markets throughout the world, providing state-of-the-art electronics, mission systems integration and other capabilities. More >>

Tags:  Reston

Curtis Opens New Office in Rome

Tuesday, November 11, 2014

Curtis, Mallet-Prevost, Colt & Mosle LLP (“Curtis”) has announced the opening of the newest Curtis office in Rome, Italy. Rome becomes the 17th member of international law firm’s family.

Curtis’ chairman, George Kahale III, noted that “the needs of our clients in our growing Italian operations require that we have a strong presence in Rome in addition to Milan. We are pleased to meet that challenge with the addition of two distinguished Italian practitioners who will anchor the office and provide a base for additional growth.” More >>

Tags:  Curtis, Mallet-Prevost, Colt & Mosle LLP | Rome